New Study Shows Bank of America Leads in Market Losses
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A new study shows Bank of America (NYSE:BAC) is leading in market cap losses compared to its peers this year. Banking news and updates.
New Report: Bank of America Loses Painful $100bn on Paper
Bank of America is facing a painful $100bn paper loss as bonds have plunged due to rising yields. The banks largest peers don't compare.
UBS Will Now Fire 35,000 Employees Early as Next Month
UBS Group (NYSE:UBS) will now fire 35,000 Credit Suisse employees early as next month accounting for more than half of their workforce.
Goldman Sachs Is Beginning A New Round of Layoffs
Goldman Sachs is beginning a new round of layoffs at the managing director levels across the globe say people familiar with the matter.
The SEC is Seeking New Disclosures from Banks
The SEC is now seeking new disclosures from banks in the wake of the sectors recent failures this year. Latest banking news and updates.