Like many industries, the banking industry is dominated by a few major players -- and in the U.S., those players are JPMorgan ...

The reduction comes weeks after Bank of America let go of staff in its investment banking and global markets divisions ...

It also lifted the bonus pool to its highest in a decade after a strong year for its investment bank.

These firms not only help publicly traded corporations raise capital and make acquisitions, but the business of advising private-equity firms is a big chunk of their investment-banking revenue as ...