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Traditionally fat expense accounts on Wall Street are about to get slashed as major banks set out to cut spending and staffing due to weaker markets and new regulation that will cut in to their profits.

The trustee seeking money for Bernard Madoff's victims plans to amend by June 24 his $6.4 billion lawsuit against JPMorgan Chase & Co , once the imprisoned Ponzi schemer's main bank.

JPMorgan Chase & Co has pushed out its head of home lending, David Lowman, who had been sidelined in February after the bank racked up billions of dollars in losses on mortgages and became mired in litigation over foreclosures.

JPMorgan Chase & Co has pushed out its head of home lending, David Lowman, who was sidelined in February after the bank racked up billions of dollars in losses on soured mortgages and became mired in litigation over a wave of foreclosures.

The companies whose shares are moving in pre-market trade on Thursday are: Macy's, J M Smucker, Motorola Solutions, Sprint Nextel, Sealed Air Corp, Carnival, JPMorgan Chase, Chesapeake Energy, Sunoco, Spectra Energy Partners and Urban Outfitters.

Alabama's Jefferson County, still reeling from a deal to finance a sewage system that has left the county deeply in debt, will put a third of its workers on unpaid administrative leave in an attempt to save money.

U.S. stocks slumped more than 1 percent in their worst day in more than two months on Wednesday after data that pointed to an economy running out of steam.

Wholesale Gold Bullion Prices surged up by nearly $20 on Wednesday morning, reaching $1550 per ounce while stocks and commodities were flat.

Bank of America Corp, JPMorgan Chase & Co and Wells Fargo & Co have teamed up to create a joint venture for online banking services.

Shares of American International Group Inc fell more than 3 percent on Wednesday after the insurer and the U.S. Treasury sold $8.7 billion worth of stock.

U.S. stocks slipped on Tuesday as a rebound in commodity prices failed to offset lingering concerns about a slowdown in manufacturing growth.

Stocks rose modestly on Tuesday as stronger oil prices led a rebound from the previous session when stocks closed at their lowest in a month.

Washington Mutual Inc reached an agreement on Friday that would give shareholders control of the company after it exits bankruptcy, according to a report by Bloomberg News.

JPMorgan Chase & Co Chief Executive Jamie Dimon faced harsh questions about mortgage foreclosures at the bank's annual meeting, and he promised the company would fix what it could.

JPMorgan Chase & Co Chief Executive Jamie Dimon said the U.S. economic recovery may be gathering steam.

Citigroup Inc declared its first dividend in more than two years on Friday, announcing it will pay a penny per share on June 17, but analysts said the bank could take a while to pay the kinds of dividends that its rivals do.

U.S. regulators should impose even higher capital requirements on large financial firms until they prove they can be wound down if they became insolvent, Federal Deposit Insurance Corp Chairman Sheila Bair said on Thursday.

JPMorgan Chase & Co urged a bankruptcy court on Tuesday to throw out Lehman Brothers Holdings' claim demanding that it hand over $8.6 billion in cash taken as collateral in the weeks before Lehman imploded in September 2008.

JPMorgan Chase & Co is in advanced talks with U.S. regulators to resolve a probe into its role in selling subprime mortgage-backed bonds in 2007, a case that highlights a rare misstep by Chief Executive Jamie Dimon.

JPMorgan Chase & Co has received a subpoena from the U.S. Securities and Exchange Commission over failed mortgages, Bloomberg said, citing a person familiar with the investigation.

The trustee for bankrupt Thornburg Mortgage Inc has sued Goldman Sachs, Barclays and other big banks for a combined $2.2 billion, blaming them for the former home loan company's bankruptcy.

JPMorgan Chase & Co agreed to return more than $800 million of assets that will be distributed to former customers of Lehman Brothers Holdings Inc's brokerage.

Morgan Stanley's first-quarter profit dropped nearly 50 percent, hurt by a steep decline in bond trading revenue.

Wells Fargo & Co , the fourth-largest U.S. bank, posted a decline in revenue, and shares fell 4.9 percent as a bank known for outsmarting rivals turned in an average performance.

Goldman Sachs Group Inc's profits fell 72 percent and one of the few businesses that performed well for the bank -- investments and trading with its own funds -- faces regulatory restrictions in the future.

Goldman Sachs Group Inc is expected to report sharply lower quarterly earnings due to weak trading results and a charge for buying back preferred stock from Warren Buffett's Berkshire Hathaway.

Citigroup Inc's first-quarter profit fell 32 percent as shrinking loans and poor trading results pressured revenue while expenses surged.

Citigroup Inc's first-quarter profit fell 32 percent, slightly beating expectations, as the bank lost less money on bad loans. The third-largest U.S. bank said it earned $3.0 billion, or 10 cents per share, down from $4.4 billion, or 15 cents per share, a year earlier. Analysts on average had expected 9 cents per share, according to Thomson Reuters I/B/E/S.

Citigroup Inc's first-quarter profit fell 32 percent as bond trading revenue plunged and operating expenses jumped.