Banking/Credit

The almost 1,000 companies that have opted to pull out of Russia following its unprovoked invasion of Ukraine are not just benefiting from a reputational boost. They are also being rewarded by financial markets, while those who remain…

Oaktree Capital founder Howard Marks is a boldfaced name on Wall Street, equally well known for his firm’s performance as for his lengthy investor letters that he periodically publishes free online to reach the…

U.S. stocks and government-bond prices clawed back some of Tuesday’s losses, as investors prepare for central banks globally to raise interest rates. The S&P 500 rose 0.4% in early trading…

WASHINGTON—NatWest Markets PLC pleaded guilty Tuesday to wire and securities fraud, admitting that its traders in London, Singapore and Connecticut engaged in a number of schemes between 2008 and 2018 to manipulate…

Elon Musk said Tesla Inc. TSLA -6.75% is accepting payment for some merchandise with dogecoin, a return for the electric-vehicle…

Shares of SoFi Technologies Inc. surged in after-hours trading Tuesday after the financial-technology company said that it won regulatory approval to become a bank-holding company. The company announced late…

U.S. stock indexes opened higher Tuesday, a day after a record close for the S&P 500 amid lower liquidity in the last days of the year.The S&P 500 added 0.1% after the broad-market index rallied 1.4% on Monday. The Nasdaq…

The best of times and the worst: It was the tale of two IPO markets this year on Wall Street. Investment banks booked a record tally in revenue from initial public offerings in 2021, despite IPO performance that was the worst in at least…

The Federal Reserve signaled it would begin steadily raising interest rates in mid-March, its latest move toward removing stimulus to bring down inflation.Fed Chairman Jerome Powell said Wednesday that the…

Kim Kardashian, Floyd Mayweather Jr. , and Paul Pierce are among a number of celebrities being sued for allegedly leading investors…