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Barclays Does What UBS Doesn't

Barclays Canary Wharf

Barclays said third-quarter pretax profit rose 29% as revenue from the fixed-income arm of its securities unit increased, mirroring gains at the British bank’s U.S. competitors.

NYSE Expects Normal Open Wednesday After Storm

Statue Of Liberty

U.S. equity markets will reopen Wednesday after the longest weather-related shutdown in more than a century, resuming after the New York Stock Exchange was spared by Hurricane Sandy as it swept through New York Monday.

Investment Banks Now Turn to Psychologists for Help

Magnifying Glass

Gone are the days when investment banks looked only for the numerical whiz kids to help them in their investment decisions. Now, they use psychologists to get a better insight of how investors’ minds and the markets work.