Bank of America Reports Earnings Monday. What Wall Street Is Watching.

Bank of America Reports Earnings Monday. What Wall Street Is Watching.

‘Growing wealth gap and rising inflation … hurt the global economy at almost every turn,’ Jamie Dimon says

What a difference 25 years can make. The world today is a markedly different place from the world that existed at MarketWatch’s inception in October 1997. JPMorgan Chase & Co. JPM, +1.66% CEO Jamie Dimon expressed it aptly when we reached out to him for his take on the state of the global economy and … Read more

Citigroup Reports Earnings Friday. What to Expect.

Wall Street will be looking for more signs of Citigroup turnaround when the bank posts third-quarter results Friday. Like all banks, Citigroup (ticker: C) has faced challenges this year as it has had to contend with a slowing economy and drying up deal activity. But Citigroup bulls have held out hope that while banks face … Read more

Credit Suisse calls for calm with staff memo and investor talks

Credit Suisse tried to assuage fears about its health in a memo to employees and in a round of phone calls to investors and clients over the weekend, according to people familiar with the matter. Credit Suisse shares are down 21% over the last month and spreads on its credit default swaps, a type of insurance against default, rose … Read more

Credit Suisse draws up plans to split investment bank in three

Credit Suisse could split its struggling investment bank into three parts, a move that would involve thousands of job cuts as the Swiss bank reshapes its business. The bank has drawn up plans to split its beleaguered investment banking unit, including creating a so-called ‘bad bank’ to hive off unwanted assets, the Financial Times reported … Read more