Fund managers made their biggest cuts in U.S. equity allocations ever in March and bumped their cash allocations by the most in five years.
Citigroup Inc. cut payouts to hundreds of top executives in the final round of a three-year special bonus program.
Stifel Financial has suffered another significant setback in Finra arbitration, marking a costly defeat for the firm.
Wall Street heavyweight Morgan Stanley is planning to lay off about 2,000 employees later this month, a person familiar with the matter told Reuters.