The Swiss banking giant, which acquired its rival earlier this year, will cover regulatory fines related to Credit Suisse’s mismanagement in the collapse of the…

The investment bank reported a profit half as large as its rival Morgan Stanley, to say nothing of larger lenders.

It was another quarter of banner financial results for the largest lender in America.

The banks at the center of the recent crisis, like Western Alliance, are engaged in collective soul-searching.

Mr. Pitt, who served under President George W. Bush, oversaw a swift reopening of stock exchanges after 9/11 but was tarnished by later missteps.

James Gorman, one

Senators derided Gregory Becker at a hearing about the failure of his bank. “It sounds a lot like ‘my dog ate my homework’,” one said.

The Los Angeles-based lender said that its falling stock price ignited customers’ “fears of the safety of their deposits.”

The Wall Street bank sold off some loans from its consumer-banking arm, Marcus, revealing a nearly $500 million loss in the business.

Shares in midsize banks that seemed to be on the brink stage a comeback.