Financials

The boutique investment bank created by veteran financial executives Joseph Perella and Peter Weinberg is in the final stages of negotiating a merger with the Houston-based bank Tudor Pickering Holt & Co., in a transaction that underscores the fragile nature of Wall Street deal making business as smaller firms seek savings amid a decline in activity, the FOX Business Network has learned.

U.S. Labor Department Secretary Thomas Perez on Monday pledged to conduct a "top-to-bottom" review of all cases, complaints and other alleged violations that the department has received concerning Wells Fargo in recent years.

U.S. Labor Department Secretary Thomas Perez on Monday pledged to conduct a "top-to-bottom" review of all cases, complaints and other alleged violations that the department has received concerning Wells Fargo in recent years.

Merrill Lynch has agreed to pay a $12.5 million fine for maintaining ineffective trading controls that led to at least 15 mini-flash crashes between late 2012 and mid-2014.

Merrill Lynch has agreed to pay a $12.5 million fine for maintaining ineffective trading controls that led to at least 15 mini-flash crashes between late 2012 and mid-2014.

Deutsche Bank AG shares fell sharply Monday morning on investor concerns about the German lender's capital position ahead of an anticipated legal settlement with the U.S. Justice Department.

Deutsche Bank AG shares fell sharply Monday morning on investor concerns about the German lender's capital position ahead of an anticipated legal settlement with the U.S. Justice Department.

CBOE Holdings, the operator of the largest options exchange in the United States by volume, said it would buy BATS Global Markets for about $3.2 billion, just over five months after BATS made its market debut.

CBOE Holdings, the operator of the largest options exchange in the United States by volume, said it would buy BATS Global Markets for about $3.2 billion, just over five months after BATS made its market debut.

Opinion: Senator Elizabeth Warren’s accusation of massive fraud is a massive overreach.

Opinion: Senator Elizabeth Warren’s accusation of massive fraud is a massive overreach.

Charlotte’s big businesses are moving to keep their employees safe following the 2nd night of violence in the city.

Charlotte’s big businesses are moving to keep their employees safe following the 2nd night of violence in the city.

The FOX Business Network caught up with Wells Fargo's largest shareholder, The Oracle of Omaha.

The U.S. Securities and Exchange Commission on Wednesday charged hedge fund manager Leon Cooperman and his firm Omega Advisors with having relied on private information to make trades.

The U.S. Securities and Exchange Commission on Wednesday charged hedge fund manager Leon Cooperman and his firm Omega Advisors with having relied on private information to make trades.

The banking chief took a beating on Capitol Hill over the handling of the scam which resulted in a $185 million fine.

In his opening statement before the Senate Banking Committee, Wells Fargo (NYSE:WFC) CEO John Stumpf outlined some of the key new internal rules put in place in the wake of the bank’s fake accounts scandal.

In his opening statement before the Senate Banking Committee, Wells Fargo (NYSE:WFC) CEO John Stumpf outlined some of the key new internal rules put in place in the wake of the bank’s fake accounts scandal.

The chief executive officer of Wells Fargo & Co on Tuesday apologized for the bank's opening as many as 2 million bogus customer accounts that could generate fees for the lender.