Wells Fargo's New Vice Chair Braunstein Brings Investment Banking Heft
Wells Fargo CEO Charlie Scharf has added another heavyweight from his JPMorgan Chase days to his leadership team.
Wells Fargo CEO Charlie Scharf has added another heavyweight from his JPMorgan Chase days to his leadership team.
Stocks made new record highs, the S&P 500 reaching a closing high of 5,088.80 and intraday high of 5,111.06 on Friday. For the week, S&P gained 1.7%.
After more than $1 trillion flowed into money-market funds last year as short-term rates rose, investors are trying to figure out where it goes next.
The volume of US mergers and acquisitions is up 130% so far this quarter, to $288 billion, according to data from Dealogic. Worldwide M&A it's up 56%.
Morgan Stanley used "unrealistic", "inappropriate" near $1.0B margin call to force trades held by retail tycoon Mike Ashley's Frasers group off books.
Equity and fixed income markets may be too optimistic on how quickly central banks will cut rates and underestimate the risk of an economic downturn.
Just months after setting a 2024 target for the S&P 500 Index, Goldman Sachs Group Inc. strategists have boosted their forecast for a second time.