Bonuses on Wall Street are expected to hit records this year as financial giants like Goldman Sachs and JPMorgan grapple with a dire lack of bankers, even as demand for dealmaking continues to surge. After winning significant salary bumps this year, Wall Street financiers ...Read More

The Securities and Exchange Commission will return to a policy of requiring companies involved in settling some civil enforcement actions to admit wrongdoing, according to a Wall Street Journal report on Wednesday. Such admissions in certain cases will strengthen the deterrent value of enforcement actions and ...Read More

Wall Street’s new overseer has outlined an aggressive regulatory agenda that threatens to squeeze the financial industry’s profit margins. Securities and Exchange Commission Chairman Gary Gensler is working on tougher rules for high-speed trading firms, private-equity managers, mutual funds and online brokerages. Mr. Gensler, less than ...Read More

The scene outside Goldman Sachs’ (GS.N) Manhattan headquarters at 8:30 a.m. a week ago was like the start of the academic year on a university campus. Smiling security personnel greeted workers at 200 West Street as they streamed through the turnstiles. A few staffers, apparently unaccustomed ...Read More

Tesla Inc Chief Executive Elon Musk said on Tuesday the U.S. Securities and Exchange Commission was an important watchdog for investors but questioned why it was not more proactive against the growth of listed blank-check companies. “They have an important role to play in ...Read More

London (CNN Business)Losses caused by the collapse of US hedge fund Archegos have topped $10 billion. Swiss bank UBS (UBS) revealed on Tuesday that it lost $774 million from last month’s implosion of Archegos Capital Management, a bigger hit than many analysts expected. The announcement came as Japan’s Nomura (NMR) said it ...Read More

Free college could soon be a reality for many Americans. Sen. Bernie Sanders, I-Vt., and Rep. Pramila Jayapal, D-Wash., on Wednesday introduced the College for All Plan, legislation that would make a college education free for millions and lend extra support to those from ...Read More