6 big banks, 6 big shake-ups

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

Morgan Stanley
Morgan Stanley
What's shaking: The bank cut 600 jobs as it scaled down its residential mortgage business. Morgan said on Oct. 2 that it would combine its global mortgage businesses under a single platform.

Cause of concern: Morgan's third-quarter results, which the company reported in September, were hit hard by mortgage-related losses and a big writedown on leveraged loans.

Citigroup

Merrill Lynch

Bank of America

Bear Stearns

Lehman Brothers

Morgan Stanley

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Most stock quote data provided by BATS. Market indices 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.

Factset: FactSet Research Systems Inc. 2014. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2014 and/or its affiliates.