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BlackRock Hits Record $10.5 Trillion in Assets Under Management, Profit Jumps
BlackRock reported assets of $10.5 trillion in the first quarter and posted a 36% jump in profit as a rebound in global equity markets boosted fees.
More Companies Are Defaulting Over and Over Again, S&P Says
The percentage of companies that have defaulted on their debt more than once has reached its second highest level since 2008.
As US Bank Profits Drop, Focus Shifts to Interest Income Outlook
As U.S. banking giants report slightly lower first-quarter profits, investors will focus on income executives expect from interest payments this year.
Barred Morgan Stanley Banker Joins Firm That Got His Trading Leaks
A former Morgan Stanley banker punished in the probe that rattled Wall Street joined one of the firms that was the recipient of information he leaked.