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The stocks of the biggest Wall Street banks are rallying at the end of the second quarter as dealmaking intensifies, defying the gloom that settled over the industry as the quarter began.
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Financial market participants have pushed out yet again the end date for the effort to shrink the size of the Federal Reserve's large balance sheet, the minutes of the U.S. central bank's June 17-18 policy meeting showed on Wednesday.
Major Wall Street banks modestly lifted their oil-price forecasts after geopolitical risks flared in the Middle East, but concerns over a global supply glut and uncertain demand prospects continue to weigh on crude.
The stocks of the biggest Wall Street banks are rallying at the end of the second quarter, defying the gloom that settled over the industry as the quarter began. Dealmaking froze in the weeks ...