Morgan Stanley’s equities trading produced $2.83 billion in revenue, more than $400 million over what analysts had expected.
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Digital bank Revolut valued at $33 billion in funding round led by SoftBank and Tiger Global
British fintech firm Revolut said it has raised $800 million in a new funding round led by SoftBank and Tiger Global.
Morgan Stanley earnings beat estimates as stock trading and investment banking top expectations
Morgan Stanley’s equities trading produced $2.83 billion in revenue, more than $400 million over what analysts had expected.
Goldman CEO David Solomon says China’s crackdown on tech companies will delay many U.S. listings
As head of the premier global Wall Street firm, Solomon will have to navigate the increasingly fraught relationship between China and its tech sector.
‚Black Swan‘ author Nassim Taleb says bitcoin is worth zero and fails as a currency and a hedge
„The Black Swan“ author Nassim Nicholas Taleb has reversed his stance on bitcoin, now saying it is worth zero and fails as a hedge.
Cryptocurrencies don’t yet pose a threat to financial stability, Bank of England’s Cunliffe says
Cryptocurrencies aren’t yet big enough to pose a systemic risk to financial stability, Bank of England Deputy Governor Jon Cunliffe said Wednesday.
Wells Fargo profit tops expectations with boost from release of money set aside for loan losses
Wells Fargo on Wednesday reported second-quarter earnings and revenue results that topped Wall Street’s expectations.
Stocks making the biggest moves premarket: Bank of America, BlackRock, Delta, Peloton and more
These are the stocks posting the largest moves before the bell.
Citigroup beats analysts’ estimates for profit, helped by $1.1 billion boost from loans
While Citi topped expectations for revenue, the figure declined 12% from a year earlier.
Bank of America shares fall after low interest rates squeeze second-quarter revenue
Bank of America said revenue declined from a year earlier because of a 6% drop in net interest income due to lower interest rates.