Banks

With more than 3,300 retail locations, the Fort Worth, Texas-based company is the largest pawn store operator in the U.S. and Mexico.

Citi hired a law firm to investigate at least six complaints from current and former employees about the head of the bank’s wealth management division, according to a Bloomberg report.

Excess cash is getting sucked out of the financial machinery as the government increasingly turns to shorter-dated debt to meet its borrowing needs.

Wealth management and brokerage firms have benefited from robust investor engagement as customers have added money to their accounts and traded more on margin.

Trump extends China trade deadline, a new pick to lead the Bureau of Labor Statistics, Ford’s EV revamp, and more news to start your day.

Companies that beat average analysts’ forecasts for both profit and revenue over the past two quarters and whose shares recently had price gains in response.

In contrast to its first-quarter outlook, Johnson Associates now expects year-end 2025 bonuses to rise across most financial services industry sectors.

The conglomerate has been selling Bank of America stock since July 2024.

The White House says this week’s tariffs are final, Tesla’s self-driving technology legal woes are bad for the industry, and more news to start your day.

Weakening economic data, underscored by surprisingly poor payroll numbers on Friday, is challenging the strong environment that’s coalesced around the sector.

Shares of Robinhood, LPL Financial, and other brokerage and wealth management companies tumbled Friday after the monthly jobs report added to investors’ concerns about economic growth.

The bank noted the “successful leadership” of CEO Charles Scharf, who will add the chairman title.

President Donald Trump is discussing the idea to monetize the two mortgage giants, including a public offering, according to Bloomberg.

A jump in investor trading of stocks and cryptocurrencies put additional wind in Robinhood’s sails in the second quarter.

The Swiss bank’s Americas wealth management unit reported net outflows of $3.5 billion for the second quarter.

Tesla rises after President Donald Trump says he struck a deal to set 15% tariffs on goods from the European Union, including automobiles.

Citigroup has a bull case of $199,00 for the cryptocurrency and a bear case of $64,000.

The banks say they are merging to create the highest-return bank in the Southeast.

The company’s board left the quarterly cash dividend unchanged at $0.27 a common share.

Net income at Tesla falls 16% in the second quarter, while Alphabet says quarterly cloud revenue jumped 32%.

The Genius Act sets dangerous forces in motion, Mark Copelovitch writes in a guest commentary.

CEO Paul Shoukry struck an optimistic tone, saying that tariff shock is abating and the pipeline for investment banking and advisor recruiting is improving.

In June, the ECB lowered its key deposit rate for an the eighth consecutive quarter-point reduction. President Donald Trump thinks the Fed should follow suit.

Tesla and Alphabet report quarterly earnings after the closing bell Wednesday, while Texas Instruments tumbles after issuing a disappointing profit forecast.

The company is committed to remain independent and execute on its growth strategy, CEO Michael O’Grady said Wednesday morning.