Companies

Cathie Wood's ARK Has Begun Trimming Its Meta Platforms Position

Cathie Wood’s ARK Investment Management has begun trimming its position in Meta Platforms (META).

Citi Slashes Executive Bonuses Tied to Bank’s Turnaround

Citigroup Inc. cut payouts to hundreds of top executives in the final round of a three-year special bonus program.

Stifel Financial Suffers Costly Defeat In Finra Arbitration

Stifel Financial has suffered another significant setback in Finra arbitration, marking a costly defeat for the firm.

Morgan Stanley To Lay Off About 2,000 Employees To Trim Costs, Source Says

Wall Street heavyweight Morgan Stanley is planning to lay off about 2,000 employees later this month, a person familiar with the matter told Reuters.

JPMorgan Stock Traders Reel In Windfall As Trump Whipsaws Market

A chaotic run in stock markets is unleashing a windfall for banks’ equities traders.

Robinhood Launches Prediction Markets To Tap Into Event Contracts Demand

Trading platform Robinhood on Monday launched a prediction markets hub in its app that allows customers to trade on event outcomes.

Stifel Ordered By FINRA To Pay $132.5 Million Damages To US Family

Stifel Financial was ordered by a Financial Industry Regulatory Authority arbitration panel to pay a family $132.5 for misrepresentation.