Morgan Stanley Went Big on DEI, and No One Is Happy About It
Black and white employees say the efforts added to a divisive culture. Now, as political pressure rises, the bank is watering down initiatives.
Klarna Replaces Affirm as Buy-Now-Pay-Later Provider at Walmart
Klarna said it will become the exclusive buy-now-pay-later provider at Walmart in the U.S., replacing rival Affirm as the Swedish fintech company nears a potential initial public offering.
Spain's Biggest Bank Is Making a Big Push in the U.S.
Santander is pursuing new customers through deals with Verizon and others.
Bank of America Tightens Oversight of Junior Bankers' Hours
The financial institution also eliminated around 150 junior investment banking roles last week.
Wells Fargo sees path to growth ahead as another regulatory order is lifted
Wells Fargo & Co. on Monday said that regulators had terminated a 2021 enforcement order related to loss-mitigation issues in its home-lending business, marking the latest such order to be lifted from the bank.
Berkshire Hathaway Raises Stakes in Japanese Trading Houses
National Indemnity, a wholly owned unit of Berkshire Hathaway, said that it increased its stakes in the five trading houses by between 1.0% and 1.7%.
Stocks Haven't Traded at These Levels Since September
Market gains that started last fall, when polls showed President Trump taking a narrow lead in the election, have been erased.
Investors Were Confident Heading Into 2025. That Was a Bad Sign.
Confidence is framed as a good thing when it comes to the economy, but it's a signal of impending stock market weakness when unusually high.
UBS Braces for Most Complex Phase of Credit Suisse Integration
The banking group begins the migration of former Credit Suisse client accounts in Switzerland to the UBS platform in the second quarter.
Financial Services Roundup: Market Talk
Find insight about cyber insurance, Affirm Holdings, credit card delinquencies and more in the latest Market Talks covering Financial Services.
(END) Dow Jones Newswires
March 18, 2025 00:00 ET (04:00 GMT)
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