E*Trade Financial Corp. rose to the highest level in two years after the online brokerage said its banking subsidiary will pay a $100 million dividend to the parent company and plans to make similar payments every quarter.
TMX Group Ltd. is the worst- performing exchange stock in North America this year, as a rout in global commodity prices cuts equity trading volume and a bank-led competitor prepares to enter the business.
Jefferies Group Inc., the New York- based brokerage that helped arrange a $400 million bailout for Knight Capital Group Inc., has converted almost all of the preferred shares it acquired in the transaction to common stock.
NYSE Euronext, the U.S. exchange operator being bought by Intercontinental Exchange Inc., reported first-quarter earnings that met analyst estimates as trading revenue increased and operating expenses declined.
MF Global Holdings Ltd. , the futures and options broker that’s transforming into an investment bank, posted a net loss for the eighth time in the last nine quarters as restructuring costs and legal reserves eroded profit.
UBS AG and Royal Bank of Scotland Group Plc are among banks boosting their wealth management operations to attract Middle Eastern clients as the region’s richest seek to protect their cash amid political turmoil.