Bloomberg Business

Wells Fargo & Co. has hired Credit Suisse Group AG investment banker Jill Ford as head of its equity capital markets business, according to people familiar with the matter.

A top US financial regulator is inquiring about how private equity firms steered deposits, including client funds, out of Silicon Valley Bank before its collapse.

Oil fell below $70 as the physical market for crude signaled that supplies are more than adequate to meet tepid demand.

Enel SpA Chief Executive Officer Flavio Cattaneo is considering reshaping the company’s top management, which may include replacing Chief Financial Officer Alberto De Paoli, according to people familiar with the matter.

Citigroup Inc. has begun to see signs of a rebound in investment banking, with an agreement to avert a US debt default poised to further boost deal volumes.

Investors looking to generate more than 5% yield in money market securities should buy corporate bonds maturing in five years or less to lock in those returns for longer, according to Picton Mahoney Asset Management.

Bank stocks are being overly punished by investors in the wake of the regional banking crisis, according to Wells Fargo’s Mike Mayo.

President Joe Biden and House Speaker Kevin McCarthy struck a deal to avert a default on the nation’s debt, but now must overcome objections by members of their own parties to pass the compromise legislation.

Nvidia Corp.’s transformation into an artificial intelligence powerhouse — and Wall Street darling with a nearly $1 trillion valuation — has been years in the works.