Some of the biggest banks have pooled their resources to acquire toxic mortgage assets that once belonged to American International Group (AIG). Barclays and Deutsche Bank linked up to bid on a portfolio that the US [...]
Bank of America may sell international wealth management business
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April 18, 2012, 12:26 PM
0April 18, 2012, 12:26 PM
The Wall Street Journal and Reuters yesterday reported that Bank of America may be close to selling its overseas wealth management business. The sale would be part of the second phase of [...]
Citi shareholders say ‘no’ to bloated executive pay
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April 18, 2012, 11:06 AM
0April 18, 2012, 11:06 AM
In a historic display of disapproval, Citigroup shareholders voted down proposed pay packages for top executives at the company’s annual meeting this week. It’s the first time a major Wall Street [...]
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