BAC

Some of America’s biggest banks are devising a plan to compensate customers who fall victim to scams on their Zelle payment network.  JPMorgan Chase JPM -1.72% & Co., Wells Fargo WFC -0.93% & Co. and Bank of America Corp. BAC -1.87% are among the banks in advanced discussions to create a playbook for refunding customers and each other for illegitimate…

Banks have started to send $13 billion in cash backing Elon Musk’s takeover of Twitter Inc., TWTR 1.08% according to people familiar with the matter, the latest sign the $44 billion deal for the social-media company is on track to close by the end of the week after months of twists and turns.…

Goldman Sachs Group Inc. GS -2.31% plans to fold its biggest businesses into three divisions, undertaking one of biggest reshuffles in the Wall Street firm’s history. Goldman will combine its flagship investment-banking and trading businesses into one unit, while merging asset and wealth management into another, people familiar with the matter said. Marcus, Goldman’s consumer-banking arm, will be part of the asset- and…

Procter & Gamble Co. , Netflix Inc. and Tesla Inc. highlight a busy coming week of earnings as persistent inflation and climbing interest rates stoke talk of a recession. About 66 companies in the S&P 500 are scheduled to report earnings in the coming week, according to FactSet. Eight members of the Dow Jones Industrial Average, including American Express Co. and Verizon Communications Inc.,…

A judge’s decision to grant Elon Musk a delay in his legal battle with Twitter Inc. gave the billionaire more time to complete his acquisition of the social-media platform—but no new leeway to avoid the deal if he changes his mind again, lawyers following the case said.Chancellor Kathaleen McCormick on Thursday paused a trial scheduled to start on Oct. 17 and gave Mr. Musk until Oct. 28 to close his $44 billion takeover, following his about-face Monday after months of effort to get out of…

WASHINGTON—A brand-new market for green tax credits is taking shape as bankers and advisers figure out how to funnel tax breaks from energy companies that generate them to profitable corporations eager for smaller tax bills. The market is forming because Congress last month expanded renewable-energy tax credits and made them transferable in the law known as the Inflation Reduction Act, which also lowers prescription drug prices and imposes new taxes on large corporations. The tax-credit sales mark a shift in the U.S.…

The 1% tax on stock buybacks signed into law last month would have raised about $8.4 billion from the biggest publicly traded U.S. companies if it had been in effect last year, absorbing the equivalent of nearly a half-percentage-point of net income overall, a new analysis finds.The financial impact would have been similar to raising the combined effective tax rate for the companies to 17.95% from 17.56%, according to financial data firm S&P Dow Jones Indices, which analyzed the buybacks for companies in the S&P…

Bed Bath & Beyond Inc.’s financing options to help staunch its cash bleed have narrowed after billionaire activist Ryan Cohen sold all his shares in the company last week. Now, the struggling retailer is under more pressure to persuade lenders to provide it with fresh funds.Since Mr. Cohen on Wednesday announced plans to sell his entire 10% stake, many of the individuals who followed him to invest in the retail chain’s shares have also sold. Its stock slid…

WASHINGTON—Many of Wall Street’s biggest banks are nearing agreements to pay as much as $200 million each and admit that their employees’ use of personal messaging apps such as WhatsApp violated regulatory requirements, according to people familiar with the matter. The Securities and Exchange Commission and the Commodity Futures Trading Commission plan to announce the deals with the banks by Sept. 30, the end of the government’s current fiscal year. That would put the penalties in the government’s annual enforcement…

Procter & Gamble Co. and Target said they would cover travel expenses for employees who can’t access abortions near where they live, joining other companies that have taken the step after the Supreme Court overturned the constitutional right to abortion.P&Gunlike many of the technology and banking giants that had previously announced similar policies, is based in a Midwestern state with an abortion ban. A federal judge in Ohio issued an order Friday allowing the state’s six-week ban to take effect. A few other…