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Citi CFO expects investment banking fees to climb in fourth quarter

Citi CFO expects investment banking fees to climb in fourth quarter

By Arasu Kannagi Basil and Tatiana Bautzer NEW YORK, Dec 9 (Reuters) - Citigroup Chief Financial Officer Mark Mason said on Tuesday that investment banking fees are expected to jump in the fourth quarter from the same time last year, as dealmaking continues to run hot.

US bank executives say AI will boost productivity, cut jobs

US bank executives say AI will boost productivity, cut jobs

By Tatiana Bautzer and Prakhar Srivastava NEW YORK, Dec 9 (Reuters) - U.S. banks including JPMorgan Chase and Wells Fargo said artificial intelligence will boost productivity at their companies and likely cause job losses.

US bank regulator says large banks engaged in 'debanking' of disfavored industries

US bank regulator says large banks engaged in 'debanking' of disfavored industries

By Pete Schroeder WASHINGTON, Dec 10 (Reuters) - The nine largest U.S. banks in the past had placed restrictions on providing financial services to some controversial industries in a practice commonly described as "debanking," the regulator overseeing large national banks said in a report released

Lazard CEO says a Washington strategy now essential to get deals done

Lazard CEO says a Washington strategy now essential to get deals done

By Manya Saini and Tatiana Bautzer NEW YORK, Dec 10 (Reuters) - Lazard CEO Peter Orszag said on Wednesday dealmakers now need to have a Washington "White House or Cabinet-level strategy" to be able to complete transactions.

Wall Street is quiet as it waits for the Federal Reserve's announcement in the afternoon

Wall Street is quiet as it waits for the Federal Reserve's announcement in the afternoon

The U.S. stock market remains largely quiet as Wall Street waits to hear from the Federal Reserve in the afternoon

Asian stocks slip as nervy markets wait for Fed

Asian stocks slip as nervy markets wait for Fed

By Ankur Banerjee SINGAPORE, Dec 9 (Reuters) - Asian stocks fell and the dollar was steady on Tuesday as investors braced for a cut in U.S. interest rates later this week while the yen was calm after a powerful earthquake rocked Japan's northeast region though the impact was limited.

Wall Street rises closer to its all-time high after the Fed cuts rates, as expected

Wall Street rises closer to its all-time high after the Fed cuts rates, as expected

The U.S. stock market is rising closer to its all-time high after the Federal Reserve cut its main interest rate to bolster the job market, just like nearly everyone on Wall Street expected

US stocks hold relatively steady ahead of Fed decision on rates

US stocks hold relatively steady ahead of Fed decision on rates

U.S. stocks are holding relatively steady as Wall Street waits to hear what the Federal Reserve will say on Wednesday about where interest rates are heading

Wall Street pulls back from its record heights

Wall Street pulls back from its record heights

U.S. stocks are pulling away from their record heights

Federal Reserve Expected to Announce 'Hawkish Cut' in Interest Rates, Impacting Market Expectations

Federal Reserve Expected to Announce 'Hawkish Cut' in Interest Rates, Impacting Market Expectations

Federal Reserve Expected to Announce 'Hawkish Cut' in Interest Rates, Impacting Market Expectations

Wall Street holds steady as Exxon Mobil climbs and AutoZone falls

Wall Street holds steady as Exxon Mobil climbs and AutoZone falls

U.S. stocks are holding relatively steady

Medical supply firm Medline targets $55 billion valuation in blockbuster IPO

Medical supply firm Medline targets $55 billion valuation in blockbuster IPO

Dec 8 (Reuters) - Medical supplies giant Medline said on Monday it was targeting an up to $55.3 billion valuation in its hotly anticipated U.S. initial public offering that is expected to be 2025's biggest IPO.