Stories by Pallavi Gogoi

Thursday, July 26, 2012

Stocks soar after ECB vows to protect euro

When European Central Bank president Mario Draghi vowed to "do whatever it takes" to keep the continent's monetary union intact, stocks were off to races in the U.S. and Europe.
By Pallavi Gogoi

Thursday, July 12, 2012

Wall Street watching banks

All eyes will be on JPMorgan on Friday, when it becomes the first bank to report second-quarter earnings.
By Pallavi Gogoi

Friday, July 6, 2012

Stocks plunge after jobs report

NEW YORK - Investors abandoned stocks Friday after the U.S. government reported that only 80,000 jobs were created in June.
By Pallavi Gogoi

Monday, June 11, 2012

Relief over bank rescue fades

NEW YORK - A burst of enthusiasm over a rescue of Spanish banks melted away within hours Monday, and investor anxiety about the troubled finances of Europe grew.
By Pallavi Gogoi

Monday, May 21, 2012

JPMorgan halts stock buyback

CEO Jamie Dimon said JPMorgan will continue to pay its quarterly dividend of 30 cents a share, but it will suspend plans to buy back shares.
By Pallavi Gogoi

Tuesday, May 15, 2012

Dimon keeps job despite $2 billion loss

TAMPA, Fla. - The CEO of JPMorgan Chase offered a quick but blunt apology to shareholders Tuesday for a $2 billion trading loss that "should never have happened" and survived a push to strip him ...
By Pallavi Gogoi

Friday, March 2, 2012

Banks quietly pursuing fees for customers

Even after backlash against Bank of America, banks are quietly finding places to charge fees
By Pallavi Gogoi

Thursday, Jan. 19, 2012

Bank of America reverses loss and earns $2 billion

Bank of America, reversing a prior loss, earned $2 billion in fourth quarter.
By Pallavi Gogoi

Wednesday, Jan. 18, 2012

Europe crisis slows recovery

Citigroup is proud of its global reach - 1,400 branches in 46 countries. But in Asia, the economies of China and India are slowing. And Europe, the source of one in three dollars that Citi brings ...
By Pallavi Gogoi

Tuesday, July 19, 2011

Bank of America reports $9.1 billion quarterly loss

Much of the loss stemmed from an $8.5 billion settlement with investors over claims that the bank had sold them poor-quality mortgage bonds.
By Pallavi Gogoi
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