Wall Street's Trading Desks Come Down From a Record High
Bankers expect third-quarter revenue to be better than normal, but not to match the big gains earlier this year
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Amex Adds AI, Expense Tracking to Corporate Card to Counter Fintech Rivals
American Express has rolled out an expense-management platform with AI features alongside its new corporate card, as the company's corporate business faces mounting competition from fintechs.
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Robinhood's Next Big Bet: AI Bots That Trade While You Sleep
The brokerage's app made it easy to trade stocks on a smartphone. Now Robinhood sees AI agents in individual investors' future.
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Financial Services Roundup: Market Talk
Find insight on Julius Baer Gruppe, Axis Bank, Fair Isaac and more in the latest Market Talks covering Financial Services.
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He Was Rejected by Goldman Out of College. Now He's Poised to Run the Bank.
John Waldron has said he didn't do well on the firm's financial modeling test when he applied for a job decades ago.
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Piper Sandler Holds Talks to Buy Perella Weinberg
The deal would join the two Wall Street advisory firms.
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Lazy Customers Are Great for Banks. Could AI Change that?
AI agents could move cash to accounts with higher interest rates, potentially threatening banks' cheap deposits.
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Inside an Alleged $1.2B Ponzi Scheme That Left Investors Holding Crashed Stock
Z Squared began trading on Nasdaq in April, part of a plan to get investors out of a private-equity fund.
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VC Firm Friends & Family Says Founders Want Finance Help, Not More Board Members
Launched by brothers-in-law with an extensive Silicon Valley network, the firm has raised $300 million for fourth fund.
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Jefferies Stock Falls Despite Earnings Beat and Record Banking Revenue
Jefferies Financial Group reported a 16% increase in quarterly profit, but its shares slipped after hours.
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Citi Expands Digital-Assets Footprint With Coinbase Partnership
Coinbase, the largest U.S. crypto exchange, will provide the digital rails enabling the bank's corporate clients to make payments with stablecoins.
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Blackstone's Top Private-Equity Executive Is Preparing to Leave Firm
Joseph Baratta would be the latest of several senior executives to leave private-investment giant.