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Morgan Stanley CEO contenders pocketed $20M special bonuses
NEWS WIREHOUSES OCT 30, 2023
Morgan Stanley CEO contenders pocketed $20M special bonuses

New Chief Executive Ted Pick and two others were given the equivalent of a year's compensation.

Texas green energy probe threatens banks’ muni deals in state
INVESTING ESG OCT 27, 2023
Texas green energy probe threatens banks’ muni deals in state

At least two banks were dropped from underwriting muni deals since Texas Attorney General Paxton said last week he was probing the energy policies of a group of financial firms.

Deutsche Bank exec warns of growing climate risk
INVESTING ESG OCT 27, 2023
Deutsche Bank exec warns of growing climate risk

Physical effects of climate change could occur suddenly, and conventional portfolio models often fall short on this issue, CIO says.

BofA strategist sees risk of S&P 500 dropping 5%
INVESTING EQUITIES OCT 27, 2023
BofA strategist sees risk of S&P 500 dropping 5%

Bearish outlook comes as index narrowly misses a technical correction.

With yields above 5%, is it safe to buy bonds again?
NEWS INDUSTRY NEWS OCT 27, 2023
With yields above 5%, is it safe to buy bonds again?

Despite potential of more pain to come, investors may decide the time is right.

‘10 Surprises’ strategist Byron Wien dies at 90
NEWS INDUSTRY NEWS OCT 27, 2023
‘10 Surprises’ strategist Byron Wien dies at 90

The influential Wall Street legend was most recently with Blackstone.

Fidelity aims to make its mark in ETF market
INVESTING ETFS OCT 26, 2023
Fidelity aims to make its mark in ETF market

The fund company is seeking a government waiver allowing its actively managed mutual funds to also operate as exchange-traded funds, a concept Vanguard pioneered.

Collapsed crypto exchange founder in court Thursday
NEWS INDUSTRY NEWS OCT 26, 2023
Collapsed crypto exchange founder in court Thursday

Bankman-Fried to take the stand in courtroom climax.

Medical care costs adds to pain for working-age Americans
NEWS INDUSTRY NEWS OCT 26, 2023
Medical care costs adds to pain for working-age Americans

More than half found paying for healthcare difficult in 2023.

Why bitcoin ETF approval could spark profit taking
NEWS INDUSTRY NEWS OCT 26, 2023
Why bitcoin ETF approval could spark profit taking

While the markets await an SEC green light, the crypto is gaining for now.