Wall Street's big three traditional investment banking houses all suffered debt rating downgrades because of the poor state of the securities and investment banking business.

Goldman Sachs, Morgan Stanley and Merrill Lynch each had their short term credit ratings lowered one notch by Standard & Poor's, the rating agency.

Debt downgrades for Goldman, Merrill and Morgan Stanley

Jeremy Adams in New York

JP Morgan

Morgan Stanley

Goldman Sachs

FN’s busy summer of awards: Here’s how to stay in the loop

Wanted: Female leaders in European finance

Fiera Capital managing partner Catherine O’Reilly exits

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The former Goldman Sachs  and TCI Fund Management employee has also stepped down from her board role at UK trade body the Investment Association

Who is JPMorgan’s new UK private banking boss?

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Maricé Brown is ‘JPMorgan through and through’ but is an unfamiliar name in the City

Ex-Bank of America trader joins Sumo as head of systematic fixed income trading

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Jugakalpa Das’ six-member pod will start trading for Sumo in July

Iran has threatened to close the Strait of Hormuz, a passage for roughly 20% of the world’s petroleum. Many view the scenario as a scorched-earth tactic and distant possibility.

The 6 Miles of Water Keeping Global Markets on Edge

Business activity in the U.S., Europe and some large economies in Asia continued to grow this month despite continued uncertainty about global trade policy and the threat of higher energy prices as conflict in the Middle East intensifies.

Global Business Remains Resilient in Face of Tariffs, Middle East War

Regional and community banks will be able to get in on the stablecoin market through Fiserv ventures with crypto firms and PayPal.

Stablecoin World Opens Up to Main Street Banks

A delisting push is adding to the unraveling of Wall Street’s love affair with China Inc.

Chinese Stocks and American Exchanges Head for a Breakup

Chicago-based Northern Trust has a market value north of $21 billion. The firms’ chief executives had at least one conversation.

Bank of New York Mellon Approached Northern Trust to Discuss Potential Merger

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