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New York, Bank Timeline Sunday, May 12 Bookmark and Share     Author
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Goldman boss defends its ethics  Goldman Sachs' boss Lloyd Blankfein has rejected claims by a former employee that its environment is 'toxic and destructive' Lehman Brothers exits bankruptcy  Lehman Brothers, the US investment bank that collapsed in 2008, has exited from bankruptcy protection Citigroup plans to cut 4,500 jobs  US banking giant has said it is to cut 4,500 jobs around the world in an effort to reduce its costs Goldman Sachs reports $393m loss  Goldman Sachs' trading was 'significantly impacted' by the debt crisis in the eurozone and the wider global economic uncertainty Banks lead global share declines  Sharp falls in US and European banking shares have led stock markets lower as concerns continue about the strength of the world economy   Obama pushes case for bank reform bill
World News (12) New York (178) Business (129) Financial (44) Bank (22)
Jpmorgan (2) Bear Stearns (2)
2012 (8) 2011 (3) 2010 (2) 2009 (3) 2008 (5) 2002 (1)
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Ex-Goldman Sachs board member jailed for 2 years  Rajat Gupta, 63, who was found guilty of four criminal counts of insider trading has sentenced to two years in jail Citigroup's boss Pandit resigns Map of Manhattan  Manhattan: Citigroup chief executive Vikram Pandit has surprised Wall Street by resigning with immediate effect. He is being replaced by Michael Corbat JPMorgan doubles its trading loss Map of Manhattan  Manhattan: JPMorgan Chase has raised its estimate of the value of its recent losses from trading in complex financial derivatives to $4.4bn JPMorgan reveals shock $2bn loss  The biggest US bank has revealed a surprise trading loss of $2bn on complex investments made by its traders American Jim Yong Kim named World Bank chief
Citigroup in 11,000 staff cull Map of Manhattan

year 2012 Top ^

Dec.5
  Manhattan: Citigroup says it is cutting 11,000 jobs worldwide in an efficiency drive, with most of the jobs being lost in its consumer banking division
Oct.24
Oct.16
Jul.13
May.10
Apr.16
  Jim Yong Kim was tapped to be the next president of the World Bank, besting Nigerian finance minister Ngozi Okonjo-Iweala
Mar.14
Mar.6

year 2011 Top ^

Dec.6
Oct.18
Sep.9

year 2010 Top ^

Apr.22
  US President Barack Obama will push the case for more government regulation of big banks in a speech to financial leaders
Apr.16 Goldman Sachs accused of fraud  The Wall Street powerhouse has been accused of defrauding investors by the Securities and Exchange Commission

year 2009 Top ^

Oct.15 US banks' profits beat forecasts
  Goldman Sachs and Citigroup have reported better-than-expected profits between July and September
Jul.14 Goldman Sachs sees bumper profit  US bank reported a net profit of $3.44bn for April to June, beating analysts' forecasts Jan.16 Citigroup to split as losses grow  Struggling banking giant has announced plans to split the firm in two, Citicorp and Citi Holdings, as it reported a quarterly loss of $8.29bn

year 2008 Top ^

Nov.23 Citigroup secures U.S. government lifeline  Washington: The government outlined a massive rescue package that would inject another $20 billion into the banking giant, shares of which have plunged Sep.22 Morgan Stanley sells stake to Mitsubishi   Japan: Japanese banking giant has said it will buy 10% to 20% stake in its bruised Wall Street rival Morgan Stanley Sep.21 US banks make shock status switch
  Goldman Sachs and Morgan Stanley are to become bank holding companies, allowing them to take deposits from investors
 They are the last two major investment banks in the US
Barclays quits Lehman sale talks  Barclays has pulled out of talks to buy most of troubled investment bank because it was unable to obtain guarantees Mar.14 Bear Stearns gets emergency funds   US bank has got emergency funding, in a move that raises fears that one of Wall Street's biggest names is on the verge of collapsing

year 2002 Top ^

Oct.2 Bank in $4bn clerical error  The US investment bank Bear Stearns entered an order to sell $4bn worth of stocks by accident in late trade

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1. 2012-12-05 Citigroup in 11,000 staff cull Manhattan
2. 2012-10-24 Ex-Goldman Sachs board member jailed for 2 years New York
3. 2012-10-16 Citigroup's boss Pandit resigns Manhattan
4. 2012-07-13 JPMorgan doubles its trading loss Manhattan
5. 2012-05-10 JPMorgan reveals shock $2bn loss New York
6. 2012-04-16 American Jim Yong Kim named World Bank chief New York
7. 2012-03-14 Goldman boss defends its ethics New York
8. 2012-03-06 Lehman Brothers exits bankruptcy New York
9. 2011-12-06 Citigroup plans to cut 4,500 jobs New York

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