Bank of America Faces Banker Exodus Amid Intensifying Wall Street Competition
Bank of America is facing growing concerns over the departure of several senior investment bankers, prompting executives to reassure employees and reinforce the bank’s commitment to growth. Among the notable exits was veteran banker...
JPMorgan Misses Profit Estimates as IPO Market Slows
JPMorgan Chase reported its first quarterly profit miss in nearly three years on October 13, as market volatility, economic uncertainty and slowing dealmaking weighed on its investment banking and trading businesses. The banking giant...
European Shares Rise as Investors Focus on Earnings and US Inflation Data
European shares rose on Monday, while US stock futures remained broadly steady as investors looked beyond surging oil prices to the start of the third-quarter earnings season and key US inflation data. The pan-European...
Wall Street Futures Steady as Investors Eye Bank Earnings, Inflation Data
Wall Street futures were little changed on Monday as investors monitored oil prices and geopolitical developments ahead of key US bank earnings and inflation data due this week. At 5:36 a.m. ET, Dow E-minis...
Goldman Sachs Executives Set for Over $500 Million in Special Awards
Goldman Sachs Group’s top executives are set to receive special equity awards worth more than $500 million, Bloomberg News reported on Wednesday. The awards, granted in October 2021, were disclosed by Goldman in various...
US Securities Industry Profits Surge to $45.9 Billion in First Half of 2026
Profits across the US securities industry reached $45.9 billion in the first half of 2026, putting Wall Street on track to set a new annual record, according to a report released by New York...
Anthropic Eyes $2 Trillion Valuation as AI Ambitions Drive Massive Costs
Anthropic is preparing for a potential blockbuster IPO that could value the artificial intelligence startup at more than $2 trillion, according to its IPO prospectus reviewed by Reuters. The company reported revenue of nearly...
Prediction Markets’ Expansion Into US Stocks Sparks Regulatory Concerns
Prediction markets are rapidly expanding into US stocks and corporate events, raising concerns over investor protection and regulatory oversight, according to independent data and legal experts. Platforms such as Polymarket and Kalshi, initially known...
Nvidia Boosts Buyback Plan by $150 Billion, Setting Record
Nvidia has increased its share repurchase authorization by $150 billion, surpassing Apple’s $110 billion approval in 2024 and marking the largest-ever increase in a stock buyback programme. The additional authorization takes Nvidia’s remaining buyback...
Hedge Funds Pull Back from Treasury Basis Trade as Profitability Declines
Hedge funds are scaling back their leveraged Treasury basis trades as declining profitability and improved market conditions reduce the appeal of the strategy. Funds committed to the trades have fallen 20% this year to...