Morgan Stanley’s quarterly profit more than halved as the Wall Street bank’s trading and investment banking businesses took a hit from market volatility early in the year. But the bank still handily beat market expectations, helping to push up its shares 2.8 per cent to $26.49 in light premarket trading on Monday. (Photograph: Mike Segar/Reuters)

Morgan Stanley’s quarterly profit more than halved as the Wall Street bank’s trading and investment banking businesses took a hit from market volatil(...)

 Bank of America  building in Chicago: The “living will” plans   are intended to prevent more taxpayer bailouts of big institutions and the kind of chaos sparked by the 2008 collapse of Lehman Brothers. Photograph: Christopher Dilts/Bloomberg

Five big US banks including JPMorgan Chase and Bank of America have been warned by regulators to reform or face harsh sanctions after their plans to (...)

BofA’s stance is in stark contrast to that of many of its US rivals

Bank of America is warning senior staff not to use the word “Brexit” when talking to clients as it tries to steer clear of the raging debate over the (...)

The Bombardier plant in Belfast: the company has been under financial pressure due to cost overruns on its new C Series jet. Photograph: Arthur Allison/Pacemaker

The Canadian government will ultimately do something to help struggling jetmaker Bombardier and expects to make an announcement on aid soon, according(...)

A bronze “Charging Bull” statue in New York’s financial district. Photograph:  REUTERS/Brendan McDermid

Tired bull market turns seven The US bull market celebrated its seventh birthday last week, but there’s precious little exuberance surrounding history(...)

Tenacity, determination and a bit of luck: Jill Tully, Oonagh Sands, Karen McMonagle, Gráinne McNamara and Kathleen Garrett

Grainne McNamara Principal, PricewaterhouseCoopers (PwC) Working with PwC’s Capital Markets team, McNamara is currently focused on how emerging tec(...)

A group of hedge funds, convinced they have found the next Big Short, are looking to bet against bonds backed by subprime auto loans.

A group of hedge funds, convinced they have found the next Big Short, are looking to bet against bonds backed by subprime auto loans. Money managers(...)

Democratic U.S. presidential candidate Bernie Sanders smiles as he waves to the crowd at his 2016 New Hampshire presidential primary victory rally in Concord, New Hampshire February 9, 2016. REUTERS/Shannon Stapleton

It is a measure of the radical mood of America that virtually every presidential candidate who has so far come to the fore present themselves as an op(...)

A pedestrian walks past men looking at an electronic monitor displaying shares prices outside a securities firm in Tokyo, Japan. Photograph: Yuriko Nakao/Bloomberg

European stocks have risen, rallying after losses in Asia, as concerns about the health of banks that have hammered shares globally in recent days eas(...)

Deutsche Bank’s € 1.75bn contingent convertible bond traded below 75 cents on the euro — its lowest level — a 19 per cent fall in price this year. (Photograph: Krisztian Bocsi/Bloomberg)

Prices for the riskiest bonds sold by some of Europe’s largest banks plumbed new lows on Monday, the latest sign of investors reassessing their outlo(...)