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Treasury secretary pick Scott Bessent told Senate lawmakers that the Fed should remain independent, but Trump "is going to make his views known."

Global fintech iCapital has bought Parallel Markets, a business that specialises in reusable financial identification solutions.

Ongoing uncertainty around tariffs was one of many issues before Treasury secretary pick Scott Bessent as he faced the Senate Thursday.

When rates are high the nation's biggest banks win. Under the next president, with less oversight, they can win when rates are lower too.

Bank of America’s wealth management division, encompassing Merrill Lynch and its private bank, achieved significant growth in 2024.

Short-selling firm Hindenburg Research, which rose to national prominence uncovering fraud at EV startup Nikola, said it would wind down operations.

Fourth-quarter 2024 profits at Bank of America (BAC) and Morgan Stanley (MS) more than doubled, cementing a Wall Street revival.