 | | | | Morgan Stanley beat quarterly profit expectations on Wednesday as the Wall Street investment bank capitalized on a boom in mergers and acquisitions and generated robust fees from advising on deals. | | | | | | Antonio Horta-Osorio will have earned roughly 3.5 million Swiss francs ($3.8 million) as chairman of Credit Suisse, a person familiar with the matter said, adding that he would not qualify for a payout after his departure on top of what he usually earned. | | | | | | Bank of America Corp reported a jump in fourth-quarter profit on Wednesday, benefiting from loan growth and a frenetic pace of global dealmaking activity that helped drive its investment banking business. | | | | | | Wall Street banks are expecting trading revenue to settle at a "new normal" somewhere between pre-pandemic levels and the highs of the past two years, top executives and analysts say. | | | | | | One of the largest shareholders of Credit Suisse has backed the embattled bank's new chairman, Axel Lehmann, the Tages-Anzeiger newspaper said on Wednesday. | | | | | | Wells Fargo & Co named Derek Flowers as its new chief risk officer, leading all aspects of the lender's risk management systems, the bank said in a statement on Tuesday. | | | | | | Bank of Nova Scotia (Scotiabank) shareholders are urging Canada's No. 3 lender to seriously examine the Mexican consumer banking unit being sold by Citigroup , arguing it would benefit from scaling up in the fast-growing Latin American country. | | | | | | A fast pace of monetary policy readjustment to curb inflation could lead to a flattening of the U.S. Treasuries yield curve, warnedBlackRock chief Larry Fink, amid a recent spike in yields that some said had echoes of 2013 "taper tantrum." | | | | | | Credit Suisse has appointed wealth management executive Emma Crystal as its new chief sustainability officer, replacing Marisa Drew, who leaves after more than 18 years at the bank, a memo to staff seen by Reuters showed. | | | | | | Activist investment firm Ides Capital Management has nominated two directors to the board of Safety Insurance Group and wants the company to buy back shares, cut costs and improve financial disclosure, according to a letter seen by Reuters. | | | | | |
