Morgan Stanley’s institutional securities unit had $15.9bn in loans and lending commitments related to the energy industry at the end of last year, down 7.6% from the third quarter.
Morgan Stanley has hired Jako van der Walt to lead its investment banking business for South Africa, rejoining the firm he left about 10 years ago, according to a memo obtained by Bloomberg News.
The 13% drop in U.S. stocks from their 2015 highs has not only messed with tens of thousands of working-class 401(k) accounts, but also knocked more than a dozen American executives from the billionaires’ club.
JPMorgan said it faces further investigations into conflicts of interest in the way it sold and used its own investment products.
Robots are automating yet another bank job: the task of sifting through traders’ messages to spot foul play, a process currently carried out by legions of human employees.
BNP Paribas is planning to relocate as many as 40 senior positions in the investment bank from London to Paris as the bank overhauls the division, two people familiar with the plan said.
One of the top directors at Dan Loeb’s hedge fund has left the firm, The New York Post has learned.
Banks have topped the list of companies that are throwing money away on unnecessary costs, wasting up to 10 per cent of their revenue each year according to a survey from the Chartered Institute of Management Accountants (CIMA).
JPMorgan Chase is adding another layer in its capital buffer against energy, metals and mining loan losses, setting aside $600 million for losses, executives announced Tuesday.
It's safe to say HSBC has come off the fence when it comes to Brexit, predicting what can only be described as a Brexocalypse. Just don't try saying that out loud.
Another week, another big tech deal where Wall Street's top institutions didn't get a piece of the action.
Bank of America said its businesses and results could be adversely affected and it may have to incur additional costs if Britain's exit from the European Union limits the ability of its UK entities to conduct business in the bloc.