Northern Trust Stock Surges on Reported Merger Talks With BNY
Northern Trust shares surged almost 6% in premarket trading Monday after Bank of New York Mellon reportedly approached smaller bank about merger.
Recent
JPMorgan Pursues Legal Action Against Former Advisor in $800 Million Case
JPMorgan Chase has taken legal action against former financial advisor Russell Loesch, who managed $800 million in client assets.
Apollo Delays Young Banker Offers As Rowan Agrees With Dimon
Apollo Global Management told prospective investment-banking candidates that it won’t interview or extend offers to the class of 2027 this year.
BofA CEO Expects Trading Gains For 13th Straight Quarter While Investment Banking Slips
Bank of America expects its trading revenue to grow by a mid-single-digit percentage this quarter, the 13th consecutive gain.
UBS Finance Chief Voices Disappointment Over Swiss Capital Rules
UBS finance chief Todd Tuckner voiced his disappointment on Wednesday over proposed new Swiss capital regulations.
Edward Jones, LPL, and Others Penalized for Excessive Small-Dollar Transaction Fees
State securities regulators reached settlements with Edward Jones, LPL, and three other firms after allegations of unreasonable commission charges.
Citi Expects Banking Fees, Trading Revenue to Climb Despite US Tariff "Anxiety"
Citigroup's Vis Raghavan said that performance in its banking and trading divisions will improve this quarter despite "anxiety" over U.S. tariffs.
