Banks
RBC Recruits Another Billion-Dollar Team From UBS
In the last two weeks, two different teams with more than $1 billion in assets have left UBS for RBC in Westchester County, N.Y.
2 minute read
Dimon Calls Out Market’s Tariff Complacency. Why Nvidia, Bitcoin Point to a FOMO Trade.
Trump allies attack Fed’s Powell over HQ renovation, Amazon’s rival to Musk’s SpaceX is deploying satellites, and more news to start your day.
Long Read
Wells Fargo Seeks Dismissal of Fake-Interview Lawsuit
The company argues that the number of alleged bogus job interviews with diverse candidates is “vanishingly small.”
2 minute read
Partial Victory for LPL Financial in Legal Battle Over Cash Sweep
A federal judge dismissed some investor claims against LPL Financial in an investor lawsuit over the low interest rates it pays on client cash.
Long Read
Broadcom and 13 Other Stocks That Have Come Too Far, Too Fast
More volatile, relatively economically sensitive stocks are most at risk.
4 minute read
The World’s Wealthy Want Truly Global Investments. Big Banks Are Responding.
JPMorgan Chase announced last week that it would restructure its private bank.
3 minute read
Wells Fargo Draws a Rare Downgrade as Wall Street Looks for Next Catalyst
Gains in the stock already reflect the removal of a cap on the bank’s asset base, analysts at Raymond James say.
2 minute read
Ripple, Like Circle, Seeks a Bank Charter. The Crypto Companies’ Applications May Be a Slam Dunk.
Bank regulators have signaled they will be taking a crypto-friendly approach.
3 minute read
A ‘New Era for Bank Regulation’ Has Arrived. The Stocks Are Big Winners.
Laxer regulations and a likely drop in interest rates is spurring investor interest in the big banks.
3 minute read
Tesla, Centene, Apple, Adobe, Rigetti Computing, Greenbrier, and More Stock Market Movers
Tesla shares rise even as the electric-vehicle company posts worst quarterly deliveries decline in its history.
3 minute read
Big Banks Raise Dividends, Boost Buybacks After Less-Stressful Stress Test
It’s a sign that some of the world’s most systemically important lenders are sitting on more than enough capital.
3 minute read
Why Commonwealth Advisors Aren’t Leaving—Yet
Commonwealth is getting sold to LPL. Competing wealth firms are dangling lucrative offers to recruit their advisors.
Long Read
Sunrun, GMS, Oracle, HPE, Juniper Networks, Robinhood, Palantir, and More Stock Market Movers
Sunrun is rising sharply after the Senate’s latest version of the tax-and-spending megabill includes some relatively positive changes for some companies in the solar industry, while GMS jumps after reaching an agreement to be acquired by Home Depot.
4 minute read
Tax Bill Latest: Senate Begins Vote-a-Rama as Trump Deadline Nears
The Senate is racing to advance President Donald Trump’s signature tax and spending legislation ahead of Republicans’ self-imposed July 4 deadline.
4 minute read
Fed Says Banks Can Weather Severe Downturn as Stress Tests Become Latest Political Football
The outcome suggests banks will announce plans to distribute more capital to shareholders in the coming days.
3 minute read
Regulators, Suspecting Fraud, Close Tiny Texas Lender in Year’s Second U.S. Bank Failure
Late Friday, a federal U.S. bank regulator said it shuttered the Santa Anna National Bank.
2 minute read
Iran Doesn’t Need Missiles to Hurt the U.S.
Tehran’s cyber capabilities pose a potent threat to U.S. banks and business, Justin Sherman writes in a guest commentary.
Long Read
BNY’s Chief Sounds Ready for a Deal. Is Northern Trust the One?
Robin Vince talks M&A amid reports that his firm approached Northern. Why banks for the superrich are tough acquisition targets.
4 minute read
Jefferies’ Profit Falls 40%. CEO Strikes Positive Tone on Dealmaking Outlook.
The investment banking firm recorded $88 million of net earnings for the second quarter, a decline from $145 million a year earlier.
2 minute read
Fed Votes to Advance Capital Rule Reductions That Banks Have Been Fighting For
The Fed, OCC, and FDIC jointly proposed reducing what’s known as the enhanced supplementary leverage ratio, or eSLR, for the largest and most systemically important banks.
3 minute read
These Stocks Will Thrive Because of Subprime Customers
Goldman highlighted stocks like Monster Beverage that will win if subprime customers remain resilient.
3 minute read
Upstart Stock Is Rising. Why This Analyst Says It’s a Smart AI Play.
Piper Sandler assumed coverage of the fintech with an Overweight rating and a $75 price target.
2 minute read
Tesla, Hims & Hers, Wolfspeed, Super Micro, Fiserv, Northrop, Northern Trust, and More Stock Market Movers
Tesla shares rise sharply after the electric-vehicle company launched its highly anticipated robo-taxi service in Austin, Texas, on Sunday.
4 minute read
BNY, Northern Trust Discuss Merger: Report. Wall Street Says It Makes Sense.
The banks’ chief executive officers held at least one conversation last week, The Wall Street Journal reported.
3 minute read
