Jason Tyler News
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Morgan Stanley’s second-quarter revenue from both investment banking and fixed-income trading beat Goldman Sachs Group Inc.’s for the first time on record.
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Morgan Stanley rose the most in more than two years in New York trading after reporting a second- quarter loss that was smaller than analysts estimated and the only gain in trading revenue among major U.S. banks.
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Jamie Dimon wanted Washington Mutual Inc. and he wanted it bad.
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Investors barely blinked yesterday when Brian T. Moynihan wrapped up his first year leading Bank of America Corp. by announcing more writedowns and a second straight quarterly loss. They may not be so forgiving for 2011.
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Goldman Sachs Group Inc. ’s compensation and benefits expense fell 5 percent to $15.4 billion in 2010 as the firm’s revenue decreased 13 percent and the number of employees climbed.
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Morgan Stanley climbed the most in three months on the New York Stock Exchange after posting earnings that beat analysts’ estimates on higher fixed-income trading revenue.
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Goldman Sachs Group Inc., facing a fraud lawsuit from U.S. regulators, reported first-quarter earnings that surpassed analysts’ estimates on record fixed- income trading revenue.
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Bank of America Corp. , the largest U.S. lender, reported a $7.3 billion loss tied to new rules on consumer accounts and credit cards and said it’s fighting demands to buy back allegedly faulty loans.
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Bank of America Corp. picked Mukesh Ambani , India’s billionaire chairman of Reliance Industries Ltd., to join its board as the lender seeks to expand revenue from outside the U.S.
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