Shares of banks and other financial institutions ticked up amid signs that financial markets were stabilizing.

Citigroup began making an extensive round of layoffs and organizational changes, part of Chief Executive Jane Fraser's efforts to streamline the sprawling global bank.

Workers at two Wells Fargo bank branches are planning to launch unionization efforts, shifting the attention of the resurgent labor movement to an industry that has historically been cool to it.

A company run by former New York Stock Exchange President Tom Farley said that it has acquired crypto-focused media company Coindesk.

UBS hired a financial advisor team managing $700 million from Merrill Lynch, the Swiss bank said.

Write to Rob Curran at

(END) Dow Jones Newswires

11-20-23 1706ET