The Bill and Melinda Gates (BMG) Foundation Trust had $42 billion invested across 24 stocks as of the fourth quarter, but 51% of that sum was concentrated in two positions: 34% in Microsoft (NASDAQ: MSFT) and 17% in Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B). What makes the BMG Foundation Trust noteworthy is its 41% return
HONG KONG (Reuters) -Morgan Stanley and HSBC are cutting dozens of investment banking jobs in the Asia Pacific this week, sources with knowledge of the matter said, as weaker deal activities and sluggish markets in China and Hong Kong weigh on their business prospects. Morgan Stanley is cutting at least 50 investment banking jobs in
Wall Street is surging again. This time, bank executives say it’s for real. Bank of America (BAC), Goldman Sachs (GS), Citigroup (C), Morgan Stanley (MS) and JPMorgan Chase (JPM) all reported first-quarter jumps in investment banking. They did so because initial public offerings, bond issuances and in some cases M&A deal making beat analyst expectations.
By Tatiana Bautzer and Manya Saini (Reuters) -Morgan Stanley’s first-quarter profit beat estimates on Tuesday, fueled by a resurgence in investment banking and growth in wealth management, sending shares up 3.7%. Investment banking revenue climbed 16% from a year earlier. Fixed-income underwriting did well for a second quarter in row, driven by higher bond issuance.
Yahoo Finance anchors Josh Lipton and Jared Blikre queue up the biggest headlines and events for next week, including additional earnings from Big Banks — Goldman Sachs (GS), Charles Schwab (SCHW), Bank of America (BAC), Morgan Stanley (MS) — among other top companies, as well fresh US housing data, the jury selection for Former President
Morgan Stanley shares fell the most in five months after a report that a cadre of U.S. regulators are scrutinizing the firm’s efforts to prevent potential money laundering by wealthy clients. The Securities and Exchange Commission, the Office of the Comptroller of the Currency and other Treasury Department offices are digging into whether the New
Offering Received Broad Participation From 46 Investors NEW YORK, April 09, 2024–(BUSINESS WIRE)–Genesis Capital LLC (“Genesis”), a leading business purpose lender that provides innovative debt solutions to professional real estate developers for new acquisition, renovation, ground-up construction, and long-term rental hold projects across the residential spectrum, today announced it has completed a $500 million rated
A version of this post first appeared on TKer.co Stocks made new record highs, with the S&P 500 setting an intraday high of 5,264.85 and a closing high of 5,254.35 on Thursday. For the week, the S&P increased 0.4%. The index is now up 10.2% year to date and up 46.9% from its October 12,
“Everyone, from the top brass to people like us in middle ranks, earn less than before,” said a credit manager with Bank of China, one of the country’s “big four” state-owned banks, lamenting the loss of the staggering bonuses that she used to bag in the industry’s heyday. China’s financial sector is always beholden to
(Bloomberg) — A group of debt arrangers led by Morgan Stanley and JPMorgan Chase & Co. priced $6.1 billion in high-yield bonds and leveraged loans to support Stone Point Capital and Clayton Dubilier & Rice’s acquisition of Truist Financial Corp.’s insurance business. Most Read from Bloomberg The group sold $3 billion in bonds Friday concurrently