Fed Says Labor Market Improves as It Moves Toward Rate Rise
The FOMC is moving closer to ending an unprecedented period of near-zero interest rates without providing a clear signal on the timing of liftoff.
JPMorgan Profit Beats Analysts’ Estimates as Expenses Drop
The bank boosts net income despite a drop in revenue amid sluggish fixed-income trading.
Barclays CEO Change Seen Prompting Deeper Investment Bank Review
Chairman John McFarlane, taking over as interim CEO, has pledged to reallocate capital and prioritize investment in the bank's most profitable units.
Stifel Agrees to Buy Barclays’ U.S. Wealth Management Unit
The deal should add some 180 advisors to the company, which recently bought Sterne Agee.
Barclays U.S. Wealth May Fetch $250 Million, Credit Suisse Says
Stifel Financial is reportedly in a deal to acquire the firm's roughly 250 financial advisors.
Bank Overseer Lawsky to Depart, After Making New York $6B Richer
Benjamin Lawsky will step down next month as New York’s top bank regulator. He plans to set up a cybersecurity consulting firm.
Six Banks to Pay $5.8 Billion, 5 Plead Guilty to Market Rigging
The charges and settlement are tied to the banks' manipulation of foreign-exchange trading, according to the Justice Department.
UBS to Plead Guilty on Libor, Settle Currency Probe With Fed
UBS Group AG will pay $545 million to settle U.S. investigations into its role in manipulating currency and interest rates, removing two of the bank’s biggest legal hurdles.
Oil's Not Coming Back. Here's Why
WTI prices have moved up $17 a barrel from their six-year low, but that comeback could stall.
U.S. Set to Rip Up UBS Libor Accord, Seek Conviction
The Swiss-based bank faces both interest-rate rigging and currency-market manipulation probes.