Barclays to refocus US mortgage trading

Barclays Plc will no longer make markets for mortgage-backed bonds issued prior to the financial crisis as they have become less profitable under tighter British regulations on these securities, a bank spokesman said on Wednesday.


Wall Street lead over EU banks looks set in stone

Wall Street’s market share grab is long established. America’s economy has been faster to rebound after the crisis, meaning U.S. banks have taken the lion’s share in underwriting and M&A fees.


JP Morgan takes advice from firm that its chief attacked

JP Morgan’s chief executive, Jamie Dimon, faces embarrassment after it emerged that the bank’s fund management arm takes investor voting advice from a firm at the centre of his attacks on “lazy” and “irresponsible” shar