• Yahoo Finance Video

    Nvidia, Hess valuations have 'gotten ahead' of themselves: Analyst

    The AI rally behind tech stocks is pushing Nvidia shares higher, but is it too much, too soon for the chipmaker? Morningstar Chief U.S. Market Strategist David Sekera joins Yahoo Finance Live to discuss which companies may be overvalued. Sekera's top stock picks include AT&T and Taiwan Semiconductor Manufacturing Company.

  • Reuters

    UPDATE 1-Credit Suisse CEO memo signals UBS deal to close Monday - Bloomberg

    Credit Suisse Group AG Chief Executive Ulrich Koerner has indicated that the emergency takeover of the bank by UBS AG will close on Monday, Bloomberg News reported on Saturday, citing an internal memo. On Friday, UBS Chief Executive Sergio Ermotti hinted the takeover of Credit Suisse would close on Monday, the earliest expected date.

  • Reuters

    Credit Suisse CEO memo signals UBS deal to close Monday - Bloomberg

    "While Monday brings to an end this chapter in our history, it is also the beginning of a new and exciting future," Koerner said in a memo to employees. On Friday, UBS Chief Executive Sergio Ermotti hinted the takeover of Credit Suisse would close on Monday, the earliest expected date. Credit Suisse and UBS did not immediately respond to a Reuters request for comment.

  • Investor's Business Daily

    Boeing Leads 5 Dow Jones Giants Near Buy Points

    Boeing is near a breakout and already actionable. It's one of five Dow Jones giants setting up near buy points.

  • Simply Wall St.

    Wells Fargo Insiders Sold US$1.6m Of Shares Suggesting Hesitancy \

    Over the past year, many Wells Fargo & Company ( NYSE:WFC ) insiders sold a significant stake in the company which may...

  • Motley Fool

    3 High-Yield Warren Buffett Dividend Stocks to Buy in June

    Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) doesn't pay a dividend, and for good reason. Warren Buffett believes he can get investors a better-compounded return by reinvesting capital instead of distributing it. Or they might think that paying a dividend is a core part of their promise to investors.

  • GlobeNewswire

    KBW Announces Index Rebalancing for Second-Quarter 2023

    NEW YORK, June 09, 2023 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE: SF), announces the upcoming index rebalancing for the second quarter of 2023. This quarter, there are constituent changes within one of our indexes: the KBW Nasdaq Bank Index (Index Ticker: BKX; ETF Ticker: KBWB). These changes will be effective prior to the opening of business

  • Bloomberg

    Credit Suisse Loses Three More Investment Bankers to Banco Santander

    (Bloomberg) -- The flurry of departures from Credit Suisse Group AG this week showed no signs of stopping with three more managing directors leaving for Banco Santander SA, people with knowledge of the matter said.Most Read from BloombergJeff Bezos Has Gained $10 on Mystery Purchase of One Amazon ShareOdey Sacked From His Hedge Fund Firm After Assault AllegationsAmericans Are Leaving Portugal as Golden Visa Honeymoon EndsCrypto Weekend Slump Compounds Jitters of Investors Already on EdgeTrump’s

  • CNW Group

    RBC Global Asset Management Inc. announces May sales results for RBC Funds, PH&N Funds and BlueBay Funds

    RBC Global Asset Management Inc. ("RBC GAM Inc.") today announced May mutual fund net sales of $28 million. Long-term funds had net redemptions of $446 million and money market funds had net sales of $474 million. Mutual fund assets under management decreased by 2.0 per cent.

  • Business Wire

    Breana Cole joins UBS Private Wealth Management in Boston

    BOSTON, June 09, 2023--UBS Private Wealth Management today announced that Breana Cole has joined the firm as a Financial Advisor. She joins the UBS Greater Boston Private Wealth Market, managed by Jim Ducey, and reports to Market Director Max Bardeen, located in the Boston Private Wealth Management office.

  • Bloomberg

    Citi to Cut 50 London Investment and Corporate Banking Jobs

    (Bloomberg) -- Citigroup Inc. is planning to cut 30 investment banking jobs and 20 more in its corporate banking unit in London in its latest wave of redundancies.Most Read from BloombergJeff Bezos Has Gained $10 on Mystery Purchase of One Amazon ShareOdey Sacked From His Hedge Fund Firm After Assault AllegationsAmericans Are Leaving Portugal as Golden Visa Honeymoon EndsCrypto Weekend Slump Compounds Jitters of Investors Already on EdgeTrump’s Own Words Play a Star Role in the Case Against HimT

  • The Wall Street Journal

    Goldman Exec Stephanie Cohen Is Going on Leave

    A Goldman executive who runs a big piece of its consumer business is going on leave. Stephanie Cohen, who oversees Goldman's credit-card partnerships with Apple and General Motors and consumer lender GreenSky, told employees Friday morning that she’s taking time away from work to focus on her family. "This break will allow me to be the best I can be for Goldman Sachs upon my return, which is something I have taken pride in my entire career."

  • PR Newswire

    Truist Foundation grants LIFT $500,000 to expand its services to Richmond to support underserved families

    Truist Foundation today announced a $500,000 grant to LIFT, a nonprofit organization dedicated to advancing economic equity by implementing holistic, human-focused social service systems within marginalized communities. With the grant funds, LIFT will expand its efforts by partnering with Richmond's Office of Community Wealth Building (OCWB), an office that has been focused on creating opportunities for individual progression to sustainability since its inception in 2012. Through this partnershi

  • Reuters

    Jeffrey Epstein victims demand new deposition of JPMorgan CEO Dimon

    Lawyers for Jeffrey Epstein victims who are suing JPMorgan Chase over its ties to the disgraced financier on Friday asked a judge to require Chief Executive Jamie Dimon and two other bank officials to sit for new depositions. In a letter to U.S. District Judge Jed Rakoff in Manhattan, the lawyers said recalling the executives was necessary because JPMorgan has been slow to produce relevant documents, including more than 1,500 produced after Dimon's May 26 deposition. The lawyers said these documents included discussion of an internal review conducted after Epstein's August 2019 death, and a 22-page timeline of emails including messages between Epstein and Jes Staley, who once oversaw asset management at JPMorgan.

  • Bloomberg

    Copycats Target JPMorgan’s Smash-Hit ETFs Just as Market Turns

    (Bloomberg) -- Asset managers looking to replicate the success of JPMorgan’s biggest actively-managed exchange-traded funds will likely have to do it without the same market tailwind the ETFs enjoyed. Most Read from BloombergJeff Bezos Has Gained $10 on Mystery Purchase of One Amazon ShareOdey Sacked From His Hedge Fund Firm After Assault AllegationsAmericans Are Leaving Portugal as Golden Visa Honeymoon EndsCrypto Weekend Slump Compounds Jitters of Investors Already on EdgeTrump’s Own Words Pla

  • Reuters

    US minority-owned banks withstand industry turmoil, executives say

    Minority-owned banks in the U.S. have stayed resilient during this year's industry turmoil thanks in part to government and industry support, despite concerns that they would struggle to survive, executives said. Minority depository institutions, or MDIs, "have emerged stronger now coming out of the pandemic and the recent crisis due to the government support and help from the big banks," James Sills, CEO of M&F Bank, a Black-owned lender based in Durham, North Carolina. There were 148 MDIs in the U.S. at the end of March, according to the Federal Deposit Insurance Corp. In just over a decade, more than 25% have disappeared due to consolidation or insolvency.

  • Bloomberg

    HSBC Among UK Banks Pulling Mortgage Deals From the Market

    (Bloomberg) -- UK lenders, led by HSBC Holdings Plc, are temporarily removing mortgage deals as they prepare to reprice home loans to account for inflation.Most Read from BloombergJeff Bezos Has Gained $10 on Mystery Purchase of One Amazon ShareOdey Sacked From His Hedge Fund Firm After Assault AllegationsAmericans Are Leaving Portugal as Golden Visa Honeymoon EndsCrypto Weekend Slump Compounds Jitters of Investors Already on EdgeTrump’s Own Words Play a Star Role in the Case Against HimHSBC sai

  • Zacks

    Strategic Buyouts Support UBS Group AG (UBS), High Costs Ail

    Various efficiency programs and strategic acquisitions support UBS Group AG's (UBS) financials. However, expectations of a decline in NII and rising costs are concerning.

  • Bloomberg

    Clients, Banking Partners Retreat From Odey After Allegations

    (Bloomberg) -- Odey Asset Management, whose founder Crispin Odey is facing new allegations of sexual assault, is scrambling to reassure clients and business partners after some firms pulled money and major investment banks started distancing themselves.Most Read from BloombergJeff Bezos Has Gained $10 on Mystery Purchase of One Amazon ShareOdey Sacked From His Hedge Fund Firm After Assault AllegationsAmericans Are Leaving Portugal as Golden Visa Honeymoon EndsCrypto Weekend Slump Compounds Jitte

  • Reuters

    Goldman Sachs fintech executive Stephanie Cohen to take leave of absence: memo

    Stephanie Cohen, the head of Goldman Sachs Group Inc's fintech unit called Platform Solutions, is taking a leave of absence for family reasons, she said in a memo to staff seen by Reuters. Philip Berlinski, the bank's treasurer, and Ericka Leslie, its chief administrative officer, will handle Cohen's responsibilities in her absence. Cohen is the only woman executive to lead one of Goldman's three main business units.

  • Zacks

    Is Diversified Healthcare Trust (DHC) Stock Outpacing Its Finance Peers This Year?

    Here is how Diversified Healthcare (DHC) and ING Groep (ING) have performed compared to their sector so far this year.

  • The Wall Street Journal

    Even Japan Wants More Foreign Workers, and It Is Letting Them Stay for Good

    Long known for keeping out immigrants, Japan is now throwing the door open to a broad range of foreign workers to enter and potentially stay for good.

  • Reuters

    Factbox-UBS, government agree on Credit Suisse loss guarantees - key points

    * The guarantee covers a volume of around 44 billion Swiss francs ($48.85 billion), which corresponds to approximately 3% of the combined assets of the merged UBS Group. * The specific portfolio details are confidential, but the assets are mainly derivatives, loans, legacy assets and structured products. * A net approach will be adopted meaning realised gains, relative to the current Credit Suisse valuation, on the realisation of assets will generally be offset against losses.