Powell’s in Sweden. Rates Will Likely Go Higher Still Despite Companies’ Pain.

Investors looking at Federal Reserve Chairman Jerome Powell’s speech at a conference at Sweden’s Riksbank Tuesday will be tempted to carefully parse his words for any hint as to when the interest-rate...

Banks Nearing $1 Billion Settlement Over Traders’ Use of Banned Messaging Apps

WASHINGTON—Many of Wall Street’s biggest banks are nearing agreements to pay as much as $200 million each and admit that their employees’ use of personal messaging apps such as WhatsApp violated regul...

Jefferies Just Posted Results. Investment Banks Should be Worried.

Text size Total underwriting revenue at Jefferies was down by 62% as banks face tougher conditions. Amir Hamja/Bloomberg Wall Street just got a taste of what to expect when investment banks post secon...