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The regulator found that the financial services company failed to take precautions in disposing of hardware that contained sensitive customer information.October 8
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Morgan Stanley agreed to purchase Eaton Vance for about $7 billion in CEO James Gorman's second major acquisition this year, both of which tilt the investment bank further toward the steadier business of money management.October 8
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Goldman Sachs Group turned to its chief rival to fill its top cybersecurity job.October 1
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The four-year plan submitted as part of its acquisition of E-Trade includes grants to community development organizations and support for uniform vendor diversity standards.September 11
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The central bank said it had miscalculated the loss rates for certain public welfare investments, which led to incorrect capital requirements for the two companies.September 4
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Under a rule issued in March, banks will build an additional capital cushion that is determined by their performance in the annual tests.August 10
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The New York bank has also joined a steering committee helping to develop a global accounting standard that financial institutions can use to measure their impact on global warming.July 20
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Banks paid out nearly twice as much as they earned in the first quarter; Marilyn Booker, a managing director, said she was fired in December for pushing too hard on a diversity plan.June 17
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As they prepare to exit government conservatorship, Fannie Mae and Freddie Mac have enlisted the investment banks to help them boost capital and evaluate market opportunities.June 15
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In wealth management and consumer lending, banks are starting to win back clients they had been losing to startups.June 10
