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Morgan Stanley posts big profit, sets stock buyback

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Equity sales, underwriting and wealth management helped power Morgan Stanley to a 42 percent jump in second-quarter profit, the firm announced on Thursday, continuing a streak of better-than-expected results from Wall Street investment banks.



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People News: CIBC, Goldman Sachs

Canadian Imperial Bank of Commerce has made two key executive changes within its wholesale banking business as Canada's fifth biggest bank further consolidates under Chief Executive Victor Dodig.