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Ryan withdraws from Treasury nomination

JPMorgan Chase & Co. chief executive T. Timothy Ryan has withdrawn himself from consideration to be the Department of the Treasury's top international policy adviser, according to published reports.


Bank of America books 5% profit

Bank of America Corp. recorded a 5% increase in first quarter net income, as fee income rose despite a challenging credit environment.


Citigroup hedge funds chief resigns

Less than a week after Citigroup Inc. agreed to purchase Old Lane LP and tap Vikram Pandit, its founder, to become head of Citi Alternative Investments, Citigroup’s Dean Barr has resigned as head of liquid markets.


Merrill’s profits surge 31% in first quarter

Merrill Lynch & Co. Inc.'s first-quarter profits increased 31% from a year ago, when it took a charge related to its acquisition of BlackRock Inc. the company reported today.


E*Trade up 19% in first quarter

E*Trade Financial reported a 19% increase in first quarter profit on growth in client assets.


Fidelity announces high-level job shifts

Fidelity Investments’ vice chairman and chief operating officer, Robert Reynolds, announced his retirement today and Ellyn McColgan was named president of distribution and operations.


BlackRock’s Merrill acquisition pays off

BlackRock Inc. posted a whopping 176% jump in first-quarter net income as demand for its products has improved following its merger with Merrill Lynch & Co. Inc.'s asset management unit last year.


Lehman names Asia vice-chairman

Lehman Brothers Holdings Inc. has appointed Kunho Cho as its first Asia-based vice chairman, according to published reports.


Amvescap chief’s pay cut after protests

Amvescap PLC chief executive Martin Flanagan's 2006 pay package was less than half of his compensation in 2005, according to a Financial News report.


Knight Capital’s profits plunge

Knight Capital Group Inc. posted a 35% drop in first-quarter profits on lower revenues and a loss from discontinued operations, falling short of analysts estimates.


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