Deutsche Bank Expects $1.8B Tax Act Writedown
Morgan Stanley, Darden Restaurants also report effects of the tax cuts.
Morgan Stanley Profit Almost Doubles to $1.6B
The bank's fourth-quarter earnings reflect the more optimistic sentiment of investors since the election of Donald Trump.
U.S. Banks Offer Support for London as Financial Center
The pledges come following concerns for the U.K. economy in the wake of the Brexit referendum.
The Fed Approves Capital Plans of 30 Banks
But Morgan Stanley and Deutsche Bank are asked to resubmit their plans.
Morgan Stanley’s Profit Dives on Weak Markets
First-quarter earnings beat analysts' estimates but the firm admits that "global uncertainties" continue to weigh on its investment businesses.
Big Banks Pledge to Cut Coal Industry Lending
Morgan Stanley and Wells Fargo commit to reducing credit exposures, but the coal industry is in decline anyway.
3 Banks to Pay 54% of $1.8B CDS Suit Settlement
JP Morgan Chase, Morgan Stanley, and Barclays are shouldering most of the cost of a deal that resolved investors' allegations of CDS price fixing.
Goldman Sachs’ Q2 Profit Tumbles
Mortgage-related litigation provisions weaken a strong quarter from investment banking and equities trading.
Big Banks Detail Latest ‘Living Will’ Plans
On the fourth try, U.S. systemically important financial institutions aimed to be more realistic about how they would approach a bankruptcy.
SEC Fines Muni Bond Underwriters $9.3M
Major U.S. investment banks sold municipal bonds using offering documents that contained materially false statements or omissions, the SEC says.
Moody’s Upgrades Ratings for Some Big Banks
Morgan Stanley is among the beneficiaries of a new methodology that rewards higher volumes of senior debt.