Deutsche Bank is replacing its U.S. chief Bill Woodley with the global head of its stock-trading business, Thomas Patrick, people close to the matter said, in a sign of its intent to restructure its Wall Street business.
Wall Street lawyer Jay Clayton, who has worked on high-profile initial public offerings such as Alibaba Group, is a leading candidate to head the U.S. Securities and Exchange Commission in the Trump administration, two sources familiar with the matter said on Tuesday.
The Federal Reserve should demand more capital from the financial market while the central bank slowly increases interest rates, a leading U.S. regulator said on Thursday as he outlined a formula for future economic growth.
Apparently, Americans are too distracted or distraught by this year's wild presidential campaign to think about getting a dishwasher, buying an RV or opening a doughnut shop.
Market ructions caused by Britain's decision to leave the European Union are set to widen the gulf between Wall Street and European investment banks, potentially leaving the continent without its own global champion.
Wall Street was set to open sharply higher on Tuesday as investors saw an opportunity to buy stocks beaten down by uncertainty surrounding Britain's vote to leave the European Union.
