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Nov 1 (Reuters) - The Federal Deposit Insurance Corporation (FDIC) is investigating potential misconduct by executives and board members of First Republic Bank (FRCB.PK), raising the prospect of stiff penalties for the failed bank's former bosses."We can confirm a D&O probe into First Republic is taking place," a spokesperson told Reuters on Wednesday, referring to the bank's directors and officers. The regulator did not provide further details.The investigation, which has not previously been reported, is the third the FDIC has opened into bank failures earlier this year which cost the...

Peter Orszag, CEO of Financial Advisory, Lazard, speaks at the 2023 Milken Institute Global Conference in Beverly Hills, California, U.S., May 2, 2023. REUTERS/Mike Blake/File Photo Acquire Licensing RightsNEW YORK, Oct 27 (Reuters) - Major Wall Street firms said a dismal year of dealmaking appears to have hit a trough, and now some companies are looking to merge, offering hope that investment banking revenues could pick up after a disappointing third quarter.Dealogic data showed that globally, investment banking revenue tumbled 16% in the third quarter from a year earlier. But...

LONDON, Oct 26 (Reuters) - Canaccord Genuity (CF.TO) has explored a potential acquisition of Close Brothers Group's (CBRO.L) wealth management operations, two people familiar with the matter told Reuters, a move that would increase the Canadian group's presence in the UK.Canaccord, which offers investment banking and wealth management services, was among the final bidders in an auction process run by Goldman Sachs (GS.N), one of the people, who spoke on condition of anonymity, said.Reuters could not establish whether Canaccord's interest in the business, known as Close Brothers Asset Management, is...

An eagle tops the U.S. Federal Reserve building's facade in Washington, July 31, 2013. REUTERS/Jonathan Ernst/File Photo Acquire Licensing RightsWASHINGTON, Oct 25 (Reuters) - The U.S. Federal Reserve on Wednesday proposed slashing by nearly a third the amount of so-called "swipe fees" banks can charge merchants for processing debit-card transactions, setting up a pitched battle between the two industries over potentially billions of dollars in revenue.Citing data that showed the costs of processing such transactions had fallen by roughly half in recent years, the Fed proposed cutting the current cap...