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Morgan Stanley profit slumps 54.4 percent



(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 volatility early in the year.


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Judge blocks Madoff victims’ $11 billion lawsuit vs Picower estate NEW YORK (Reuters) - Victims of Bernard Madoff's fraud cannot pursue a Florida lawsuit to recover $11 billion from the estate of Jeffry Picower, who...
Buffett faults Wells Fargo laxity in sales scandal OMAHA, Neb. (Reuters) - Warren Buffett on Saturday faulted Wells Fargo & Co's previous management for failing to take action immediately upon learn...
Wall Street stands with two Fed-hike outlook for 2017: Reuters poll NEW YORK (Reuters) - Wall Street's top banks expect just two rate hikes from the Federal Reserve this year and see only modest risk to the U.S. cent...

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