Other big U.S. banks say their corporate investment offices avoid derivatives.

Matt Zames, head of global fixed income, succeeds Drew as chief investment officer.

Matt Zames, head of global fixed income, succeeds Drew as chief investment officer.

Loss tied to synthetic credit securities positions taken by chief investment office.

Loss tied to synthetic credit securities positions taken by chief investment office.

Proxy firm endorses compensation packages at JPMorgan, Morgan Stanley.

Proxy firm endorses compensation packages at JPMorgan, Morgan Stanley.

Firm joins Goldman in using historical cost accounting for some corporate loans.