BlackRock to Buy Infrastructure Firm for $12.5 Billion
The acquisition of Global Infrastructure Partners, a private-equity firm focused on infrastructure, would be BlackRock's largest in 15 years.
JPMorgan Posts Record Annual Profit Despite Quarterly Slip
The biggest bank in the U.S. has benefited from higher interest rates, which increased margins in its lending business.
Citigroup posts loss in quarter but made progress with transformation
Bank laying off 20,000 by 2026 as part of restructuring plan.
Bank of America's stock slides 2% as earnings almost halve from a year ago
Bank of America's revenue came up short of estimates on Friday, as it booked special charges and paid a $2.1 billion fee to the FDIC.
Morgan Stanley Agrees to Pay $249 Million to Settle Block-Trading Probes
The settlement ends a long-running investigation of how the Wall Street firm sold large tranches of stock for sophisticated clients.
Wells Fargo set aside a lot more money for potential loan losses, stock falls
Wells Fargo's stock dropped Friday, after the California-based bank set aside a lot more money for potential losses on loans, and reported fourth-quarter profit that rose just in line with forecasts.
Bitcoin ETFs Get Off to a Monster Start, Despite Resistance on Wall Street
Vanguard won't offer spot bitcoin funds on its platform, highlighting concerns about their suitability for individual investors.
Financial Services Roundup: Market Talk
Find insight on KakaoBank, TQM Alpha and more in the latest Market Talks covering the Financial Services sector.
American Finance Has Left Europe in the Dust. The Tables Aren't Turning.
After a decade and a half of seeing the U.S. economy pull ahead thanks to its outsize technology sector, European politicians are desperate to fight back. But America also keeps pulling ahead in the business of financing the investments required.
Fed's Mester says March is probably too early for rate cut
Cleveland Fed President Loretta Mester on Thursday threw cold water on market expectations of an interest rate cut as soon as March.
(END) Dow Jones Newswires
01-12-24 1115ET