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(...)

Chairman and chief executive of Morgan Stanley James Gorman: the banks weak fourth-quarter results were salvaged by a strong performance in equities. Photograph: The New York Times

Morgan Stanley’s efforts to turn round its ailing debt-trading business have been a “failure”, chief executive James Gorman conceded yesterday, as the(...)

Morgan Stanley’s new president Colm Kelleher

Irish man Colm Kelleher has been promoted to president of global financial services giant Morgan Stanley, placing him in pole position to replace cur(...)

JP Morgan Chase: one of the top five US banks that are moving ahead of their European rivals in global investment banking. Photograph: Stan Honda/AFP/Getty Images

US banks are moving ahead of their European rivals in global investment banking, taking advantage of strategic upheavals and concerns over capital to (...)

Morgan Stanley’s shares were up 2.2 per cent at $37.55 in premarket trading after it announced its latest results

Wall Street investment bank Morgan Stanley reported a much stronger-than-expected rise in first-quarter profit, boosted by higher revenue from trading(...)

President of Goldman Sachs,  Gary  Cohn,  at Davos: “What I am concerned about is the ability of the US to raise rates with what’s going on with the rest of the world.”  Photograph: Bloomberg

Wall Street executives said the US Federal Reserve’s ability to raise interest rates will be restrained by weak economic growth abroad and slow inflat(...)

Morgan Stanley had a “very challenging” quarter in commodities because of the decline in oil prices. Photograph: Reuters/Mike Segar

Wall Street investment bank Morgan Stanley says it will pay a smaller portion of revenue in bonuses to its bankers and traders this year, even in a be(...)

Martin Wheatley, chief executive officer of the UK Financial Conduct Authority (FCA), speaks during a news conference following an announcement by the FCA, the Commodity Futures Trading Commission and the Swiss Financial Market Supervisory Authority yesterday, about penalties given to five banks following a global foreign-exchange rigging probe. The FCA said its fines relate to “ineffective” controls at UBS, Citigroup, JPMorgan Chase, Royal Bank of Scotland Group, and HSBC,  that allowed the banks to put their “interests ahead of those of their clients, other market participants and the wider UK financial system.” (Photograph: Matthew Lloyd/Bloomberg)

In an early morning chat, three senior currency traders at some of the world’s biggest banks weighed the pros and cons of admitting a fourth member(...)

Kilcormac Killoughey 2-13 Shelmaliers 0-18 A final surge and glorious point from Cillian Kiely 30 seconds from the end of extra-time gave Ki(...)

Total revenue rose 12 per cent to $8.91 billion

Morgan Stanley reported an 87 per cent rise in third-quarter earnings on Friday as the Wall Street bank’s trading, investment banking and wealth manag(...)