More Banks See Recession as Pandemic Unfolds
Goldman Sachs and Morgan Stanley see contraction followed by late-year rebounds.
Morgan Stanley to Buy E-Trade for $13B
The deal could prompt more consolidation in the online brokerage industry.
Morgan Stanley Prepares for 2020 With Job Cuts
The bank is laying off about 2% of its workforce in a move that reflects its concerns over the economic outlook.
Sell-Side Digests Shake Shack’s Earnings, Guidance
The company’s shares plunged after third-quarter results, but some analysts continue to like the stock.
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.