New York Attorney General Eric Schneiderman has abandoned his effort to obtain damages from Bank of Bank of America Corp (NYSE:BAC) over its purchase of Merrill Lynch & Co, but plans to press on with the case, his lawyers said in court on Friday. Bank of America Corp (NYSE:BAC) shares closed at $17.01 on last trade day, by losing -0.41%. Stock 52 week range is $10.98 – $17.42. Bank of America Corp (NYSE:BAC)’s market capitalization is $180.17 billion.
The world’s seven biggest currency traders have fired, suspended or put employees on leave as officials probe alleged foreign-exchange benchmark manipulation. HSBC Holdings Plc (HSBA) suspended two London-based foreign-exchange traders, according to a statement. Citigroup Inc (NYSE:C) put two spot traders who specialized in G-10 currencies on leave, according to a person with knowledge of the matter who asked not to be identified because the matter is private. Citigroup Inc (NYSE:C) stock opened at $52.65 in last trading session, and closed at $52.27, trading in the range of $52.13 – $52.92. Citigroup Inc (NYSE:C) showed a negative weekly performance of -5.31%.
In early 2011, Morgan Stanley (NYSE:MS) Chief Executive James Gorman thought he had finally figured out how to rebuild the bank’s depleted bond trading business without taking too much risk. He hired traders from rivals in areas where the bank was relatively weak, such as trading government debt, and exhorted his sales staff to gain new clients and win more trades from existing customers. Morgan Stanley (NYSE:MS) shares closed at $33.40 on last trade day, by gaining 4.38%. Stock 52 week range is $20.16 – $33.52. Morgan Stanley (NYSE:MS)’s market capitalization is $65.17 billion.
Gaby Abdelnour, a former JPMorgan Chase & Co. (NYSE:JPM) regional chief who expanded the bank’s business in Asia, was questioned by U.S. investigators about his knowledge of a hiring program at the center of an international bribery probe, a person briefed on the matter said. JPMorgan Chase & Co. (NYSE:JPM) stock lowered -1.49% and finished the last session at $58.11. The EPS of the stock remained 4.36. JPMorgan Chase & Co. (NYSE:JPM)’s market capitalization is $218.27 billion.
Wells Fargo & Co (NYSE:WFC) and U.S. Bancorp are among lenders that plan to stop offering advance loans to direct deposit customers as the business comes under pressure from regulators and consumer advocates. Wells Fargo & Co (NYSE:WFC) stock opened at $46.48 in last trading session and closed at $46.39. The 52 week range of Wells Fargo & Co (NYSE:WFC) is $34.50 – $46.74 and the day range was $46.14 – $46.56.