6 big banks, 6 big shake-ups

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

Lehman Brothers
Lehman Brothers
What's shaking: The investment bank announced the closure of its subprime mortgage unit BNC Mortgage in August and cut 1,200 jobs as part of that move.

Cause of concern: The bank took a $700 million writedown when it reported third-quarter results in September, although its overall results exceeded Wall Street's expectations.

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.