Bloomberg

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Morgan Stanley revamps senior leaders in M&A unit
NEWS INDUSTRY NEWS JUL 18, 2024
Morgan Stanley revamps senior leaders in M&A unit

Firm announces changes to global division management team.

BlackRock takes to the blue-chip bond market for Preqin deal funding
INVESTING ALTERNATIVES JUL 17, 2024
BlackRock takes to the blue-chip bond market for Preqin deal funding

The world's largest asset manager is issuing three tranches of debt to help fuel its venture into the private-markets data space.

AI laggards gain traction as fatigue sets in for Magnificent Seven
NEWS INDUSTRY NEWS JUL 17, 2024
AI laggards gain traction as fatigue sets in for Magnificent Seven

Experts see a "catch-up" trade in tech as extreme growth in AI leaders sets stage for value seekers.

Why Ark's Cathie Wood sees a 10x surge for Tesla stock
NEWS INDUSTRY NEWS JUL 17, 2024
Why Ark's Cathie Wood sees a 10x surge for Tesla stock

Yet-to-launch business line could generate $5T in revenues.

BofA is investing more in high profit trading arm
NEWS INDUSTRY NEWS JUL 17, 2024
BofA is investing more in high profit trading arm

Division just posted second-best quarterly results.

Wall Street is scrubbing ESG from job titles
NEWS INDUSTRY NEWS JUL 17, 2024
Wall Street is scrubbing ESG from job titles

Products and positions more likely to reflect 'sustainability'.

HSBC picks insider as new CEO
NEWS INDUSTRY NEWS JUL 17, 2024
HSBC picks insider as new CEO

New leader takes over at the global banking group in September.

Morgan Stanley tops peers in trading as wealth unit disappoints
NEWS INDUSTRY NEWS JUL 16, 2024
Morgan Stanley tops peers in trading as wealth unit disappoints

The banking giant joined rivals as business boomed in trading and investment-banking during the second quarter.

Schwab stock tumbles on brokerage account openings miss
NEWS INDUSTRY NEWS JUL 16, 2024
Schwab stock tumbles on brokerage account openings miss

The retail investing giant raked in $1.33B in net income during Q2 even as new accounts opened fell short of expectations.

US retail data awaited, European earnings disappoint
NEWS INDUSTRY NEWS JUL 16, 2024
US retail data awaited, European earnings disappoint

Markets expect weaker consumer spending to prompt Fed cut.