Morgan Stanley Profit Rises, Powered by Deal Making, Trading
The New York bank said third-quarter profit rose 36%.
Citigroup Profit Jumps 48% After Releasing Rainy-Day Funds
The bank, which reported a third-quarter profit of $4.64 billion, freed up $1.16 billion it had set aside for bad loans early in the pandemic. The quarterly result beat analyst expectations.
Bank of America Profit Rises on Higher Interest Income
The second-largest U.S. bank earned $7.69 billion in the third quarter, as it benefited from a rebound in net interest income. The quarterly result topped analysts’ expectations.
Wells Fargo Profit Rises 59% on Reserve Release
The bank’s quarterly profit beat analyst expectations, lifted by a release of funds it had set aside for potential loan losses during the pandemic, but revenue fell 2%.
Fund to Let Retail Investors Bet on Early Tech Startups
Regulators typically limit the purchase of private shares to individual investors with a net worth of more than $1 million or annual income above $200,000.
Junk Loans Shine as Investors Pile Into Riskiest Parts of CLOs
The riskiest securities tied to collateralized loan obligations returned over 29% to investors through August, beating major stock indexes.
EU's Debut Green Bond Underpins Growth Prospect of Green Debt Issues
Blockbuster demand for the European Union’s inaugural green bond issuance earlier this week highlights the vast growth prospect this market segment has in the foreseeable future, Credit Agricole CIB, one of the lead managers of the transaction, told Dow Jones Newswires on Thursday.
U.S. SPAC Frenzy Inspires a Reboot in Asia
SPACs have lost some luster in America, but stock exchanges in Singapore and Hong Kong are betting the vehicles will boost their allure to global investors and startups in the region.
Bitcoin Fans Flock to the Futures Market
The premium on bitcoin futures has doubled this month as investors wager that the SEC will soon approve the first futures-based bitcoin ETF.
Evolution Equity Banks $400 Million for Second Fund
The firm’s focus on cybersecurity helped draw new investors from Asia and the Middle East.
(END) Dow Jones Newswires
October 14, 2021 11:15 ET (15:15 GMT)
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