Tag Archive for top banks

Big Bank Earnings Today: Wells Fargo (NYSE: WFC) and JPMorgan (NYSE: JPM) – Money Morning

Two of the largest U.S. financial institutions kicked off third-quarter results for big bank earnings today, giving us a peek at how they fared amid tough times for both firms.

Wells Fargo & Co (NYSE: WFC) is in the midst of slashing headcount in its mortgage unit by some 1,800, and JPMorgan Chase & Co (NYSE: JPM) is tangled up in settlement talks with the U.S. Justice Department.

A Simple, Scary Way to Neuter Goldman Sachs and Friends – Shah Gilani – Money Morning

This is a syndicated repost courtesy of Money Morning. To view original, click here. Reposted with permission. TBTF is the acronym for “too big to fail.” It’s the crazy notion that certain banks are so large and systematically important (which really means so threatening to financial systems) that they must be kept alive by the…