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.
A chaotic run in stock markets is unleashing a windfall for banks’ equities traders.
Trading platform Robinhood on Monday launched a prediction markets hub in its app that allows customers to trade on event outcomes.
Stifel Financial was ordered by a Financial Industry Regulatory Authority arbitration panel to pay a family $132.5 for misrepresentation.
JPMorgan Chase CEO Jamie Dimon acknowledged President Trump’s tariff policy is causing uncertainty for businesses, which is “not a good thing.”
Edward Jones, traditionally recognized for serving Main Street investors, is making a strategic push to attract ultra-high-net-worth clients.
Bank of America has eliminated 150 junior banker jobs in its investment bank, two sources familiar with the matter told Reuters on Tuesday.
