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DealBook: Rising Bank Profits Tempt a Push for Tougher Rules

Steady earnings growth on Wall Street could embolden the lawmakers and regulators who want to overhaul the banking system.


Court OKs Lehman settlements to free up $15 billion for customers

A judge on Tuesday approved a set of settlements among Lehman Brothers entities that will allow the company's defunct brokerage to pay back about $15 billion in customer claims.


Senate probe finds JPMorgan hid trading risks

A Senate panel has issued a scathing assessment of JPMorgan's $6.2 billion trading loss last year. The investigation found that bank officials ignored growing risks and hid losses from investors and federal regulators.


UBS banker gets $26m 'golden hello'

Andrea Orcel - BBC

The new head of UBS's investment bank Andrea Orcel received a $26m (£17m; 20m euros) "golden hello" in 2012, the bank's annual report has revealed. Mr Orcel is in the process of overhauling the investment business, with 2,000 job losses expected.


Banks saved, but Europe risks "losing a generation"

Europe has spent hundreds of billions of euros rescuing its banks but may have lost an entire generation of young people in the process, the president of the European Parliament said.


ECB leaves key rate at record low of 0.75 percent

The European Central Bank has left its benchmark interest rate unchanged at a record low of 0.75 percent, holding off on further stimulus even though the euro area remains stuck in recession.


Discover Adds Checking Accounts

Discover Financial Services is adding checking accounts to its array of financial-services products as the credit-card lender continues to build out its online bank.


JP Morgan to cut up to 19,000 jobs

US bank JP Morgan Chase reveals plans to cut up to 19,000 jobs by the end of next year in its mortgage and community banking businesses.


Barclays shuts 'tax avoidance' unit

Barclays is to close down a part of its business which helped clients avoid tax, the BBC understands.


Unpunished and unreformed, the bankers have got away with it


Punishing the bankers who brought on the financial crisis has proved distressingly difficult. None have gone to jail. A few young traders, who hid their post-crash losses and thereby stole from the banks, are behind bars. The rest are untouched by the tragedy.


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