For first time since financial crisis, Fed clears all big banks’ capital return plans

For the first time in seven years, the Federal Reserve did not object to any of the capital plans of 34 banks it reviewed in the second part of the annual stress tests implemented in the wake of the financial crisis. Only Capital One Financial needed to submit a new...

Staples shares jump on report of potential buyout at more than $10 a share

Sycamore Partners is nearing a deal to buy Staples for $10.25 per share in a cash deal, a unnamed source told Reuters. Shares of Staples rose more than 8 percent in midday trading Wednesday. Dow Jones first reported that Sycamore could buy Staples for more than $10...