Proceeds from initial public offerings in July soared on a global basis, hitting their highest level since before the 2008 financial meltdown, according to Thomson Reuters data.
Seventeen financial firms made ill-advised payments to executives totaling $1.6 billion while taxpayers were bailing them out, U.S. pay czar Kenneth Feinberg said on Friday.
Morgan Stanley , Citigroup and JPMorgan Chase were among banks that sold Goldman Sachs protection against the risk of a collapse of giant insurer American International Group , a source familiar with the matter said on Friday.
Private equity firm Blackstone Group LP is close to finalizing the purchase of property loans with a face value of around $1.1 billion owned by Morgan Stanley's Japanese operations, three sources familiar with the situation said.
Has Morgan Stanley finally turned the corner? It's starting to look that way.
Stocks were poised for a higher open on Wednesday as solid earnings from technology giant Apple as well as financials Morgan Stanley and Wells Fargo tempered growth worries.
Morgan Stanley reported higher-than-expected second-quarter profit on Wednesday despite weak industry trends.
U.S. stock index futures rose on Wednesday as solid earnings from technology giant Apple along with financials Morgan Stanley and Wells Fargo eased growth concerns.
American International Group Inc is set to appoint Deutsche Bank AG, Goldman Sachs Group Inc and Morgan Stanley as joint global coordinators for the planned initial public offering of its Asian life insurance business, AIA, sources with knowledge of the matter told Reuters on Wednesday.
On Wednesday, JPMorgan Chase & Co Chief Executive Jamie Dimon will be left out in the cold.
Goldman Sachs could turn out to be a mere mortal after all.
It was a quarter that left investment banking businesses, the once-vaunted profit engines of Wall Street, sputtering.
JPMorgan Chase & Co posted better-than-expected quarterly earnings on Thursday as it wrote off fewer bad loans in the second quarter, but executives warned they were uncertain about the economic outlook for the rest of the year.
JPMorgan Chase & Co raised its commodity trading risk in the second quarter, the first time in nine months, but earned less from the sector as prices fell and the bank lost out on a large coal bet.
GlaxoSmithKline expects to record a legal charge of 1.57 billion pounds ($2.4 billion) for the second quarter after settling the substantial majority of claims relating to its controversial diabetes pill Avandia.
A hedge fund is taking aim at the world's biggest banks in an effort to recoup $1.2 billion it lost on subprime mortgages, entering a legal fight where so far Wall Street has largely been unscathed.
Steve Trevor is resigning as co-head of Morgan Stanley's private equity division, the latest change as the Wall Street firm overhauls its investment management unit.
Morgan Stanley Smith Barney has hired two adviser teams from UBS AG and one adviser from Charles Schwab Corp , representing over half a billion dollars in client assets combined.
J.P. Morgan Chase & Co is suing a former financial adviser who defected to Morgan Stanley Smith Barney and has already transferred $30 million of client assets to his new company, according to documents filed in the New York Supreme Court on Wednesday.
Goldman Sachs Group and Morgan Stanley have generated billions of dollars of revenue from fixed income trading over the last year, but that profit engine may have sputtered in the second quarter as bond markets grew turbulent.
Big brokerages are working to boost banking and lending services to their clients, eager for new revenue to offset the squeeze from volatile markets and nervous clients clinging to low-margin bond and cash funds.
The Treasury Department said on Thursday it so far has taken in gross proceeds of $10.5 billion from the sale of 2.6 billion Citigroup shares under a written trading plan.
