6 big banks, 6 big shake-ups

The mortgage mess has unleashed a restructuring wave as banks try to clean house.

Bank of America
Bank of America
Who's out: The bank said on Oct. 24 it was replacing Gene Taylor, head of its investment bank, with Brian Moynihan as part of a management reshuffle. Moynihan had previously led the company's global wealth and investment management division. Taylor will retire at the end of the year.

What's shaking: Bank of America slashed 3,000 jobs across its businesses as part of the restructuring. The majority of the cuts affect its investment bank. The company is also exiting the wholesale mortgage business.

Cause of concern: Bank of America's investment bank profit fell 93 percent to $1.33 billion in the third quarter.

Citigroup

Merrill Lynch

Bank of America

Bear Stearns

Lehman Brothers

Morgan Stanley
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Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.