The plan calls for 5, 300 job cuts in consumer-banking and 3, 200 in the division overseeing new mortgages, The Journal reports.
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Whereas the financial-banking crisis in 2008-2009 saw the U.S. government enacting bail-outs, the financial-banking crisis in Cyprus in March-April saw the local government enacting bail-ins.
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"We have long argued that UBS has been over-investing in its investment-banking business, " wrote JPMorgan's Kian Abouhossein in a note to clients.
"We have long argued that UBS (nyse: UBS - news - people ) has been over-investing in its investment-banking business, " wrote JPMorgan's Kian Abouhossein in a note to clients.
With SeaWorld firmly in its tentacles, Goldman is sucking up millions in investment-banking fees.
The move comes shortly after Marks and Spencer said it would launch an in-store banking service this summer.
The move came soon after Marks and Spencer said it would launch an in-store banking service this summer.
The second shift in the investment-banking landscape is a hollowing-out of the midsized banks as the very biggest in the industry grab a greater share of trading revenues.
Seems to me that after a placid spell in the post-banking crisis environment, things are popping not so pleasantly out there in the financial world.
An opt-out by Britain from this banking union would very likely undermine the single market in banking - which Mr Osborne implies he wants to preserve and extend (and read here for more on this tricky issue: Why a eurozone banking union is messy for Britain).
But perhaps in a relative sense British qualms should be seen as nugatory - in that if banking union helps to keep the eurozone from imploding, maybe a bit of single-market messiness is a price worth paying.
Wells Fargo also ranked first in the top-five brands in the banking category in our CLEI.
According to the Bank of England's analysis, if every single one of those countries went bust and wrote off 50% of their sovereign debt, banking debt and non-bank private-sector debt, that would wipe out around half the capital in the UK banking system - which is another way of saying that, in theory, the majority of our banks would limp on.
Mediobanca uses the three banks to distribute securities and to bring in other investment-banking business.
The OFT may have identified a problem in the retail-banking market but it has been reticent about proposing solutions.
At equilibrium, all its investments will yield the same expected return, equal to the lending interest rate in non-Islamic banking.
Faced with stagnation in its offshore-banking business, the government of Bahrain has introduced a series of reforms to attract more investment.
And the credit crunch seems to have resulted in fewer disasters in the industry than it has in the investment-banking world.
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The company is seeking to build on gains in its mobile-banking business.
That was the warning from one of the biggest figures in global banking - Josef Ackermann, chief executive of the huge Deutsche Bank.
Mr Fingleton's speech points out that the Cruikshank report into competition in UK banking - the first of many - was conducted as long ago as 2000.
Mr Bondi will have to prove in court that, as he alleges, the bank has hidden documents and blocked his access to important information about transactions in some offshore-banking centres.
There are now some glimmers of optimism in the investment-banking world, where trading books have already been marked down ferociously and credit exposures to the real economy are more limited.
And the rate of applications for loans by small businesses to the market leader in small-business banking, Royal Bank of Scotland, is down a staggering 46% compared with before the 2007-08 financial crash.
The demise of the investment banks, with their far higher gearing, as well as deleveraging among hedge funds and others in the shadow-banking system will add to a global credit contraction of many trillions of dollars.
It seems that the analysis at the time - that it would trigger a spate of mergers and takeovers in the banking sector - is being proved spot on.
And Bank of Scotland, the loser in that auction, is expanding in Europe, having launched successful telephone mortgage-banking operations in Ireland, Belgium and the Netherlands.
ECONOMIST: The financial industry in Scotland is enjoying a quiet boom
The 44-year-old is in favor of a banking union -- a proposal from Brussels which would give the European Central Bank a supervisory role for more than 6, 000 eurozone banks.
Physical brick and mortar branches, once a staple in the traditional banking model, are now losing value in this era of hi-tech banking products.
FORBES: Where Banking Meets Tech: Why Businesses Must Adapt, Or Else
Commercial banks used their huge balance sheets to offer cut-price loans to companies in return for securing investment-banking mandates.
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