Better news at Jefferies

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Jefferies Group posted a 55% surge in bond-trading revenue, the biggest increase since the third quarter of 2014, helping the firm recover from a punishing loss in the previous three months.

Deutsche Bank said to face SEC probe

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The U.S. Securities and Exchange Commission is investigating whether Deutsche Bank inflated the value of securities in its mortgage-bond trading business and masked losses around 2013, according to people with knowledge of the matter.

Wells Fargo joins the club

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At a time when Wall Street banks say they’re running out of reasons to trade with the U.S. government, Wells Fargo is jumping into the market.

People News: Morgan Stanley, Barclays

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Morgan Stanley, the Wall Street firm retrenching in bond trading to improve returns amid an industry wide slump, has named Steve Zamsky chief operating officer of its fixed-income and commodities business.