The controversial enforcement actions have been called a “cash cow” by Commissioner Hester Peirce.
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The Wall Street firm said parts of its investment banking and markets divisions will be combined to form a team focused on mega-deals.
As the dealmaking environment improved in 2024 thanks to the bull market and interest-rate cuts, investment bankers reaped a windfall.
Real-time prices for corporate bonds are hard to come by. A handful of banks want to bring the closely guarded data into the 21st century.
How’d the financial giants — namely, Goldman Sachs, Citigroup, and Bank of America — make out this quarter? Surprisingly well, it turns out.
Wall Street’s biggest banks are increasingly working with mid-sized companies — much to the chagrin of mid-sized and boutique banks.
The percentage of US employees who think their financial well-being is good or excellent rose to 47%, up from 42% a year ago.
The Americans have warned that further inroads to France’s capital may not happen without some dismissal-pay flexibility.
The FDIC is investigating Blackrock, Vanguard, and State Street over their large investment stakes in major US banks.
As the world of high finance ushers in an era of AI, the SEC has begun investigating how investment advisory firms use the technology.
Top bosses from eight major financial institutions appeared before a Senate committee to give their opinion on looming banking reforms.
Of the roughly 4,400 operating banks in the US, nearly half of all banking profits in the third quarter came from just four.
Wall Street’s Top Banks Fined – CFTC ordered Goldman to pay $30 million, JP Morgan $15 million, and Bank of America $8 million.
Blue Origin is going slower than SpaceX, but it also nailed a massive rocket launch on the first try. Jeff Bezos is back in the space race.
The listing marks a potentially triumphant comeback story and an insult of sorts to the embattled London stock exchange.
With the way things are going today, it’s becoming increasingly hard to figure out what’s going on with the oil market.