U.S. Might Avoid Recession In 2023, Europe Still Unlucky – Morgan Stanley
Britain and the eurozone economies are expected to go into recession in 2023, Morgan Stanley said, but the United States might have a lucky escape thanks to a buoyant job ...
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Tag: Morgan Stanley
Intel’s Mobileye Targets Significantly Lower $16B Valuation In IPO
Intel's Mobileye said on October 18 that it was seeking a valuation of around $16 billion in its initial public offering, less than a third of what it had previously ...
Morgan Stanley Profit Drops By 30% As Deals Slow, Recession Risks Grow
Morgan Stanley posted its second-quarter profit which slipped 30% on Thursday, missing analysts’ estimates for the first time in nine quarters, as its investment banking business experienced a drop in ...
Wall Street Banks’ Q2 Trading Revenue Might Spike, Neutralizing Blow From Deal Slump
A jump in trading revenue prompted by volatile markets should partially offset a decline in M&A, equity, and debt deals when Wall Street banks post second-quarter earnings this month. The ...
U.S. Bank Profits To Plunge Amid Increased Bad Loan Reserves
Summary Big lenders to begin reporting Q2 results on Thursday (July 14) The four biggest banks could record $3.5 bln of provisions for reserves-analysts Investors seeking clues on recession outlook ...
Banks Thrive After Stress Test, Bank of America Lags Behind
Summary Bank of America, JPMorgan, and Citi seen upping capital buffers Higher capital buffer leaves less cash for buybacks, dividends Wells buffer seen unchanged, Discover Financial improves most S&P financial ...
What’s Latest With The Fed’s Bank Stress Tests This Year
The U.S Federal Reserve is expected to announce the results of its annual bank health checks on Thursday. Under the "stress test" exercise, the Fed analyzes banks' balance sheets against ...
7 Of The Global Leading Banks Launch Octaura
Bank of America and Citi have joined JP Morgan, Credit Suisse, Morgan Stanley, Moody’s Analytics, Goldman Sachs, and Wells Fargo to launch an independent company, Octaura. Octaura’s primary goal is ...
Carlyle To Purchase NSM Insurance From White Mountains In A $1.78B Deal
Private equity firm Carlyle Group Inc (CG.O) informed reporters on May 9 that it had decided to buy U.S. specialty insurance provider NSM Insurance Group from White Mountains Insurance Group ...
Commerzbank and Deutsche Bank Shares Plunge After Investor Sale
Massive stakes in Germany's two top banks - Deutsche Bank (DBKGn.DE) and Commerzbank (CBKG.DE) – were sold by U.S. investor Capital Group, dealing a significant blow to both lenders as ...