Junk-rated debt was also offering yields between 7% and 8%, which investors saw as more than compensating for any default ...

US banks, among the few companies that still sell preferred shares, are following JPMorgan Chase & Co.’s lead and retreating from the securities, even as investors are eager to buy them.

Jefferies has organized its business around two segments: investment banking and capital markets; and asset management, which are responsible for 90% and 10% of net revenue, respectively. This ...