The Securities and Exchange Commission is close to reviving a rule that requires companies to be transparent about how much more CEOs make than their rank-and-file, The Wall Street Journal reported on Thursday.
Wells Fargo will eliminate 2,300 jobs in mortgage production because demand for refinancings has slumped and probably will drop more as interest rates rise.
New enforcement rules; now for the chop!
Wall Street's latest trading fiasco is not expected to have a lingering impact on the market, but it certainly dealt a longer term blow to the Nasdaq's reputation.
JP Morgan complained about an article comparing a deal to the fallout from Nazi occupation.
You heard it right....
Peninsula Investimentos raised money for a hedge fund that caters to high-net-worth clients.
Goldman Sachs flooded the stock-options market with erroneous orders earlier this week. Are other banks entangled in the mess?
FBI working with U.S. Attorney.
U.S. investment bank Lazard Ltd's most senior banker in Dubai, Ali Asghar, has left to set up his own emerging markets-focused boutique firm, three sources familiar with the matter said.
European investment banks may reduce the number of analysts they employ and some independent research providers may quit the market if draft European Union rules on how investment managers pay for research are enacted, according to Deloitte LLP.
ABN Amro Group, the nationalized Dutch lender, plans to sell shares in an initial public offering in Amsterdam as soon as the fourth quarter, seven years after the bank was bailed out at the height of the financial crisis.
Large tech stocks are approaching levels not seen since the tech bubble.