Rebecca Ungarino

Jefferies Financial Group reported a 16% increase in quarterly profit, but its shares slipped after hours.

The economist said AI agents could move cash out of banks to get higher returns.

The banking industry would score another win under such a proposal.

Citigroup wants clients to park more of their cash and investments with the bank. It’s offering incentives to make it happen.

Shares of major U.S. lenders fell on Tuesday as investors rotated away from the sector and into technology stocks.

Investors and banking industry executives have privately speculated the bank could be poised to acquire a smaller lender.

Bank of America CEO Brian Moynihan said at a conference on Monday that sales and trading revenue for the fiscal third quarter will be “flat.”

JPMorgan Chase appointed Nelle Miller and William Sinclair as co-chief executives of its U.S. private bank.

More community banks would be eligible for exams every 18 months instead of every 12 months.

The deal means that Chime, which was founded in 2012 and has billed itself as a challenger to traditional banks such as JPMorgan Chase, will become a bank itself.

The country’s largest bank filed six layoff notices between February and July, impacting nearly 800 employees in Texas, New Jersey, and California.

On Tuesday, the New York firm said it was making yet another asset-management acquisition: LCN Capital Partners.

Citi will work with the start-up on ways to deliver more personalized experiences. Terms of the transaction weren’t disclosed.

The leadership changes target subsectors including biotechnology, medical technology, biopharmaceuticals, and acute care.

Bank of America plans to acquire England-based cybersecurity firm MDSec, marking the lender’s first acquisition in five years.

Capital One results beat Wall Street’s expectations. The bank noted signs of improving consumer credit.

Earnings results showed generally solid credit health among borrowers, strong dealmaking activity, and blowout trading numbers.

Six months after Barron’s wrote about his overlapping business interests, the prominent analyst got on the phone to talk to us.

Heads of the largest U.S. lenders say their bankers have more deals lined up—even after their latest earnings results showed strong growth, thanks to clients’ confidence in carrying out big-ticket transactions.