Unwise policies worsened the damage, and insurance squeeze, from wildfires
Financiers optimistic about vows to cut regulations and growth potential even as they worry about tariffs and geopolitical risks
Shares rise in morning trading as Wall Street banks report bumper earnings
However you cut the data, Saba’s record of creating value from fund activism looks less than convincing
But banks can buy friends in a different way — paying cash back to shareholders