President Donald Trump said Monday he's in no rush to respond to a coordinated attack that hit Saudi Arabia's oil industry over the weekend.Marketsread more
The price of oil could go sharply higher, depending on the duration of the disruption at Saudi oil facilities and whether there is a military response.Powering the Futureread more
Energy stocks, one of the worst-performing sectors this year, spiked Monday after an attack on Saudi Arabia's heart of oil production Saturday sent oil prices soaring.Marketsread more
The Saudi-led military coalition battling Yemen's Houthi movement said on Monday that the attack on Saudi oil plants was carried out by Iranian weapons and did not originate...Oilread more
"The United States military, with our interagency team, is working with our partners to address this unprecedented attack and defend the international rules-based order that...Politicsread more
Crude oil's spike following attacks on Saudi Arabia's energy supply has experts weighing whether or not the gains will last.ETF Edgeread more
Traders in the fed funds futures market on Monday were pricing in a 34% chance that the Fed will stay put on rates.The Fedread more
Gas prices could rise by about 20 cents per gallon "starting tomorrow," oil analyst Andy Lipow says Monday.Oil and Gasread more
Some operators are cashing in on the CBD craze by substituting cheap and illegal synthetic marijuana for natural CBD in vapes and edibles such as gummy bears, an AP...Health and Scienceread more
Attack on Saudi oil facilities shows that 'risk is real', Chevron CEO Michael Wirth said on CNBC's "Closing Bell" Monday.Marketsread more
J.P. Morgan's chief quant says oil prices would start to hurt stock prices when they hit the $80 to $85 range.Market Insiderread more
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Sept 9 (Reuters) - Bank of America Corp said on Monday its deal-making unit is gaining momentum with midsized companies as it focuses on the sector to regain market share.
Revenue from the middle market grew by 17% in the first seven months of the year. For the third quarter the bank estimated overall investment banking revenue to be up in the low single digits.
Bank of America, the second largest U.S. bank by assets, is focusing more on middle market clients and private companies following a turbulent year marked by falling revenue and market share and after a string of departures by senior leaders.
Investment banking income tumbled 11% last year.
"We had fallen too far," Chief Operating Officer Tom Montag told analysts and investors at the Barclays Financial Services Conference. Taking advantage of the bank's broad network to reach more clients can help close the gap, he said.
The bank is also working with a longer list of private equity firms, hedge funds and other financial sponsors.
"We were more focused on the top 100," he said at the Barclays Financial Services Conference. "We're now going 400-deep."
The number of merger and acquisition referrals coming from its wealth business has surged 67% so far this year as the Charlotte, North Carolina-based bank is increasingly relying on that division to drum up business, he added. (Reporting by Imani Moise Editing by Chris Reese and Richard Chang)