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(...)

Morgan Stanley: Revenue rose to $8.6 billion, from $8.5 billion a year ago, following a 25 per cent increase in sales from investment banking and a 5 per cent gain in the wealth management business. Photograph: Peter Foley/Bloomberg

Morgan Stanley capped off what has proved to be a better than expected earnings period for Wall Street by unveiling a 46 per cent jump in second-quart(...)

Morgan Stanley, owner of the world’s largest brokerage, received more than 90,000 applications for its summer program for analysts and associates. Mo(...)

Morgan Stanley reported a surprise 9 per cent increase in fixed-income trading revenue. Photograph: Reuters/Mike Blake

Morgan Stanley posted a jump in first-quarter trading revenue while Goldman Sachs’s dropped, the first such divergence in two years. Mor(...)

Morgan Stanley, which has been working to reduce its risk-weighted assets to below $200 billion by 2016, said it would now aim to reach that target by 2015.  Photograph: Peter Foley/Bloomberg

Morgan Stanley rolled forward its plan to reduce its risky assets as the Wall Street bank focuses on generating a higher return on equity, a measure (...)

James Gorman, chairman and chief executive officer of Morgan Stanley.  Photograph: Andrew Harrer/Bloomberg

Morgan Stanley’s third-quarter revenue jumped 50 per cent, helping adjusted earnings beat expectations, as higher income from equities sales and tradi(...)

Birr’s Michael Verney and Peter Healion of Kilcormac/Killoughey battle for the ball during the Offaly SHC final. Photograph: Lorraine O’Sullivan/Inpho

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Morgan Stanley’s results concluded a strong quarter, with banks including Goldman Sachs and JPMorgan Chase also reporting higher-than-expected profits. Photograph: Mario Tama/Getty Images

Morgan Stanley has reported that its second-quarter net income almost doubled to $980 million, sending its shares sharply higher and capping off a bum(...)