Featured
Hedge Funds Bail From Globals Stocks At Fastest Pace In 13 Years
Fast-money investors are rushing to unwind their global equity exposure.
Trump Claims US Is 'Totally Independent Of The Middle East.' He's overlooking How Global Energy Markets Work.
Trump claims US is 'totally independent of the Middle East.' He's overlooking how global energy markets work.
Recent
‘Prick This Bubble’: Morgan Stanley CEO Calls for Fed Rate Hikes
“You’ve got to prick this bubble a little bit,” MS CEO James Gorman. “Money is a bit too free and available right now.” From interview Bloomberg TV.
BofA: It's A Trader's Market, Merrill Lynch Making Big Money
The quarterly total was boosted by equities trading revenue, which rose 33% to $1.6 billion. Clearly stocks are still moving and cash is still flowing
Wells Fargo: Banking Still Slowing The Advisors Down
The corporate pivot is still happening but not fast enough to overcome the drag from an eroding consumer lending unit. And the bank footprint shrinks.
Morgan Stanley Sees Wealth Management Up 25% From Last Year
Net interest income actually increased despite the zero-rate environment while the investment banking side hit records in the quarter.