Yesterday, the company said it was shaking up its global corporate and investment banking division.
For instance, the firm is unique in that it lacks a large investment banking division.
Later in the decade, it was building and leading the entire investment banking division.
The retail banking division also saw an increase in the amount of loans advanced.
Even Bank Vontobel, a private bank with a small investment-banking division, has been feeling the pinch.
Earlier this month, RBS announced it would cut 3, 500 jobs from its global banking division.
Martin Owen, the head of the investment-banking division, NatWest Markets, has obligingly fallen on his sword.
FSA's banking division, which has already punished two trust banks for dodgy property deals.
Citigroup's private banking division said it would stop investing with him, while Bank of America stood firm.
In 2000, DLJ was acquired by Credit Suisse, and I became a director in the Private Banking Division.
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The cuts will include 1, 200 job reductions in the Securities and Banking division.
Pandit, 50, took charge of Citi's newly organized investment-banking division in October.
The wave of resignations following the credit crunch in the U.S. has swept across the Atlantic, claiming a victim at Barclays' investment banking division.
That drastically changed on Monday, when UBS announced it was culling 1, 500 jobs from its investment-banking division, or 6.7% of the 22, 300 staff in the unit.
Barclays Capital is the investment banking division of Barclays that provides large corporate, institutional and government clients with solutions to their financing and risk management needs.
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Cruz joined Morgan Stanley in 1982 in the investment banking division, becoming a managing director in 1990, and earning the nickname "Cruz Missile" for her hard-charging style.
Marjorie Magner heads the group's consumer banking division and has worked closely with chairman Sandy Weill (who has his own difficulties with the firm) over two decades.
First, our Investment Banking Division, which is the front end of the firm and has always focused on the largest companies, is also increasingly focused on medium sized companies.
Since arriving at JPMorgan Chase through a merger in 2003, Dimon has spent hundreds of hours trying to rid the investment-banking division of unnecessary expenses and improve its performance.
The U.S. market will also get a crack at reacting to news that UBS is preparing to ax multiple business lines and lay off 10, 000 in its investment banking division.
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Fifty one year-old Kvalheim, along with co-President Jerry del Missier, and Chief Executive Bob Diamond, is considered one of the main architects of the investment banking division of British bank Barclays.
Until his appointment to the top job, Rohner, who has a PhD in economics from the University of Zurich, was the head of the bank's Global Wealth Management and Business Banking division.
The investment banking division, which is the motor of the group's business, posted a 57% decline in pre-tax profit to 447m euros in the final quarter, thanks to a sagging demand for debt products.
Its capital markets and banking division, which includes Salomon Smith Barney, managed to push up its income by 4% during the second quarter, mainly because of good profits from issuing and trading in bonds.
The appointment of MarcelRohnerMarcel Rohner as UBS chief executive to replace the ousted PeterWuffliPeter Wuffli signals a change of focus at the Swiss bank, toward wealth management and away from its riskier investment banking division.
But in an attempt to quash the speculation -- which had seen Barclays shares plunge by more than 12 percent -- the group stressed its Barclays Capital investment banking division was trading ahead of last year.
In earnings news troubled Swiss bank UBS announced its first quarterly profit in more than a year, significantly beating profit expectations by analysts, but revealed that withdrawals by wealthy clients from its private banking division had continued.
With new management holding the reins -- the bank's chief executive was replaced by MarcelRohnerMarcel Rohner in July , who also took over the investment-banking division Monday from Huw Jenkins -- UBS had a "clean sheet" to work with.
With new management holding the reins -- the bank's chief executive was replaced by Marcel Rohner in July , who also took over the investment-banking division Monday from Huw Jenkins -- UBS had a "clean sheet" to work with.
Analysts have taken this as a clear sign that the company will be focusing on this division after the poor performance of its investment banking division, which many have seen as the reason behind the board's decision to push Wuffli out.
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