Truist insurance-brokerage unit sale price better than expected

The deal comes at a time when banks are building up their balance sheets ahead of a potential economic downturn and as federal regulators have proposed higher capital requirements. 


 
Barclays Leans Away From Wall Street in Overhaul Plan

The U.K. lender will cap the share of assets devoted to its sprawling investment-banking arm in favor of its home business. 


 
Justice Department Says Sorrento Therapeutics Lawyers Falsified Bankruptcy Filing

A U.S. trustee says the biopharmaceutical company falsely claimed its principal place of business was a mailbox location in a Houston suburb. 


 
Barclays Doesn't Want to Be Cool

Few themes have been as unpopular among investors in recent years as European investment banking and the U.K. Barclays wants to double down on both. 


 
New Rules Will Force Buyout Firms to Flag Suspicious Investments

The Treasury Department is extending anti-money-laundering rules to private-equity, venture-capital and hedge funds. 


 
An Executive Bought a Rival's Stock. The SEC Says That's Insider Trading.

Defense lawyers say the case is the first to involve "shadow insider trading." 


 
Meet the Everyday Investors Along for Nvidia's Wild Stock-Market Ride

By some metrics, shares of the graphics-chip maker has become even more popular than Tesla's. 


 
Financial Services Roundup: Market Talk

Gain insight on Aviva, Barclays, Westpac and more in the latest Market Talks covering Financial Services. 


 
Capital One Is Buying Discover Financial for $35 Billion

The deal would combine two of the largest credit-card companies in the U.S. at a booming time for the sector. 


 
Chinese Banks Slash a Key Lending Rate as Economy Falters

China's longer-term benchmark lending rate was lowered this month after the central bank held its policy rates steady, according to data released by the People's Bank of China.


(END) Dow Jones Newswires

02-20-24 1615ET