Banks

Shareholder value is no longer the main focus of some of America’s top business leaders.

The Business Roundtable, a group of chief executive officers from major U.S. corporations, issued a statement Monday with a new definition of the “purpose of a corporation.”

President Trump spoke to some of the largest banks’ CEOs and asked them their insights on the economy and trade. Kayla Tausche has more for us from Washington.

Stocks reacted sharply after seeing a yield curve inversion. But, what exactly is a yield curve inversion? Sue Herera explains.

Stocks plunged on Wednesday, giving back Tuesday’s solid gains, after the U.S. bond market flashed a troubling signal about the U.S. economy.

The banking sector is retreating as yields fall which could cut in the profits of an industry that is considered an engine of the economy. More to talk about this topic is Eric Compton, an Equity Analyst at Morningstar.

Recession risk is rising, according to Bank of America.

Based on the most recent data, the bank’s global economist now sees a greater than 30% chance of a recession in the next year.

Goldman Sachs has a new battle plan for the trade war: Buy service-providing stocks and avoid goods-producing companies.

Tim Sloan will retire as CEO of Wells Fargo, the bank said in a press release Thursday.

Engineers at the lender have created the “JPM Coin,” a digital token that will be used to instantly settle transactions in its wholesale payments business.

“BBT/STI deal an incremental positive for both companies, and is what the sector needs,” Baird analyst David George wrote in a note.

Fears over rising interest rates dinged major stock market averages but benefited one sector that has been waiting to reap the benefits of higher yields.

The former presidential candidate introduced a bill on Wednesday that would require the breakup of any financial company that has a total exposure of greater than 3 percent of gross domestic product.

Wells Fargo’s Christopher Harvey explains why investors should act more cautiously and target contrarian plays.

Incoming CEO David Solomon names Stephen Scherr as chief financial officer. Martin Chavez, a technologist who has been CFO since May 2017, will return to the trading division as one of three co-heads.

Wondering where former Lehman Brothers employees are today? Here are a few stories.