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  • Morgan Stanley building in New York

    Morgan Stanley topped analysts' estimates for the second quarter, reporting earnings per share of 75 cents and revenue of $8.9 billion.

  • NEW YORK— Morgan Stanley's profits fell 14 percent in the second quarter, the bank said Wednesday, reflecting difficulties investment banks have had due to market volatility before and after Britain's vote last month to leave the European Union. Like its competitor Goldman Sachs, which reported results Tuesday, Morgan Stanley had a mixed quarter on its...

  • July 20- Wall Street investment bank Morgan Stanley reported a lower, but better-than-expected, adjusted second-quarter profit on Wednesday, helped by a decline in expenses. The bank said its net income attributable to common shareholders was $1.43 billion, or 75 cents per share, in the quarter ended June 30. Morgan Stanley, which is in the midst of a $1 billion...

  • ZURICH, July 19- Greek investigators raided the Athens home of a former UBS banker earlier this month, furthering a probe into alleged tax evasion seven months after officials seized documents from the Swiss bank's Athens office. Sclavounis headed UBS's investment banking business in Greece before becoming chairman of the Hellenic Financial Stability...

  • Lloyd Blankfein at the 2015 WEF in Davos, Switzerland.

    Goldman Sachs topped forecasts with earnings per share of $3.72 and revenue of $7.932 billion.

  • NEW YORK— Goldman Sachs' earnings jumped 78 percent from a year ago as the bank's legal expenses declined and some of its trading desks saw a surge of activity during Britain's vote to leave the European Union. The investment bank said Tuesday it had a second-quarter profit of $1.63 billion after dividends to preferred shareholders, or $3.72 per share, up from...

  • July 18- Murray Energy Corp, one of the largest privately held U.S. coal miners, is working with investment banks to renegotiate terms of its credit agreements in a bid to stave off bankruptcy, people familiar with the talks said on Monday. Covenants under some of the agreements became more restrictive in the third quarter this year, Standard& Poor's Ratings...

  • Masayoshi Son, chairman and chief executive officer of SoftBank Group Corp., gestures whilst speaking during a news conference in London, on Monday, July 18, 2016.

    Boutique banks have increased their market share of M&A over big Wall Street firms year over year.

  • *Wall Street headhunters get calls from European banks. LONDON/ NEW YORK July 18- Market ructions caused by Britain's decision to leave the European Union are set to widen the gulf between Wall Street and European investment banks, potentially leaving the continent without its own global champion. Since Britain's vote to leave the European Union, some...

  • LONDON, July 15- Investment bank revenues are likely to fall about 11 percent this year, due in part to uncertainty and lower client activity following Britain's surprise decision last month to leave the European Union, according to Boston Consulting Group. BCG said in a report released on Friday that revenues were likely to fall to $204 billion this year, down...

  • CEO OF BRAZIL'S CAIXA SAYS PLANS TO REACH OUT TO INVESTMENT BANKS TO RESUME INSURANCE UNIT IPO.

  • Francois Hollande criticized former European Commission chief Jose Manuel Barroso's decision to take a job at Goldman Sachs.

  • PARIS, July 14- French President Francois Hollande on Thursday became the most senior critic to date of former European Commission chief Jose Manuel Barroso's decision to take a job at the investment bank Goldman Sachs. Hollande noted that Barroso was running the European Union's executive arm at the time of the U.S. subprime home-loans crisis, which has been...

  • Lehman's die was already cast: Kevin Warsh

    Kevin Warsh, Hoover Institution, shares his thoughts on a new paper that claims the Fed could have saved Lehman Brothers during the financial crisis.

  • NEW YORK— JPMorgan Chase& Co. reported solid second-quarter earnings Thursday as trading revenue jumped. In a sign that the U.S. economy continues to improve, JPMorgan noticeably expanded its loan portfolio in the quarter as a response to increasing demand from both consumers and businesses. "JPMorgan Chase continued to perform well in all of our major...

  • Bear

    After taking a big dive to start the year, consumer banks outpaced Wall Street I-banks’ shares in recovering.

  • *Graduates still look to Silicon Valley, Wall Street. LONDON, July 13- When Barclays executive Sam Dean went to a career fair earlier this year, he asked to speak with a group of students who were not studying finance. "There is no doubt that the banking industry has made some mistakes in recent years in the way that it has run its graduate recruitment processes," said...

  • BlackRock 'cautious' on US equities

    A chief equity strategist at the firm says it's a tough and transitional moment for US stocks.

  • Runner falls

    Analysts are almost universally bearish on consumer banks in the longer term, because interest rates are likely to stay low.

  • Goldman says stocks and bonds look expensive right now

    The investment bank tells investors to hold a diversified portfolio of currencies and some gold.