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BofA, Citi Expect Lower Trading Revenue In Fourth Quarter

Business & Finance : Business Insider: Money Game

(Reuters) - Bank of America Corp and Citigroup Inc said they expected weaker trading revenue in the fourth quarter. BofA's sales and trading revenue are expected to fall from both the third quarter and a year earlier, the bank said ...

Bank Of America Is Laying Off People In Investment Banking Right Now (BAC)

Business & Finance : Business Insider: Clusterstock

The layoffs that Bank of America announced earlier this year have begun. BofA said it would layoff 3,500 people globally this quarter and those cuts have now begun, according to a few sources, including a couple at Bank of America. ...

Bank Of America Axed 2,866 Employees Last Quarter

Business & Finance : Business Insider: Clusterstock

Charlotte, North Carolina-based Bank of America revealed that it cut more than 2,800 employees in the third quarter and more than 16,000 employees over the last year. From the third-quarter earnings release: At September 30, 2012, t...

Trading Surge Lifts Earnings Per Share At Goldman By 68% As Share Count Hits New Record Low

Business & Finance : Forbes: Business

Goldman Sachs is again showing the merit in its strategy to shrink its way to success. The investment banking powerhouse posted one of its strongest-ever quarters in per share profitsas a better-than-expected 19% rise in third quart...

Goldman Sachs Q3 earnings rise 58% on trading revenue

Business & Finance : USAToday: Money

The Goldman Sachs Group, the investment banking giant, said Tuesday its third quarter net income rose 58% as higher revenues for trading and equity investments helped offset sluggish investment banking business.        

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