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The firm told clients its money-market funds aren’t holding Treasuries that mature in the next month as Congress debates whether to raise the U.S. debt ceiling.

The firm must turn over internal gender-bias complaints by female workers to lawyers representing women in a lawsuit alleging the firm discriminated against them in pay and promotions.

Revenue at the Global Wealth and Investment Management division, including Merrill Lynch and U.S. Trust, was off from 2Q records.

U.S. Bank’s wealth management and securities services posted a notable drop in its contribution to the bank’s bottom line, falling to $34 million from $43 million last year.

The deal, which would bring the bank’s total settlements in the episode to more than $1 billion, may be announced as early as this week.

The third- biggest independent U.S. custody bank said third-quarter profit rose 15% as cost cuts combined with rising stock markets pushed revenue higher.

With $1.4 billion in assets already, firm aims to become a Southern California giant.

Bank of America advanced in New York trading as the second-largest U.S. lender said lower legal expenses and loan losses helped profit rebound.

Independence Bancshares in S.C. may look like an unassuming community bank, but its plans to tie together mobile banking and real-time processing may turn the industry on its head.

Three big industry names are joining forces to form a new wealth management firm, Lebenthal Wealth Advisors.