Wall Street Bond Dealers Whipsawed on Bearish Treasuries Bet
Betting against U.S. government debt this year is turning out to be a fool’s errand. Just ask Wall Street’s biggest bond dealers.
Morgan Stanley Beats Estimates on Fixed Income Surprise
A jump in fixed-income results helped Morgan Stanley post the only increase in trading revenue among the six biggest U.S. banks this year.
Citigroup Shares Rise as Profit, Revenue Beat Estimates
Citigroup Inc. rose as much as 4.6%, the most in more than 15 months, after the bank posted a surprise increase in first-quarter profit and revenue.
Emerging Market Shakeout Putting Forex Reserves Into Focus
Foreign-exchange reserves are emerging as the latest battleground between traders and developing nations trying to stem the worst rout in their currencies since 2008.
Companies Squeeze 401(k)s From Facebook to JPMorgan
Employers are holding back on both the amount and the timing of 401(k) matching funds and dragging out vesting schedules.
Biggest Muni Bond ETF’s Premium Grows as Fund Exodus Abates
After the worst year since 2008 for municipal debt, the shift to a premium for muni ETFs points to a potential return to earnings
Citigroup Earnings Miss as Bond Trading Slump Slows Recovery
Net income at Citigroup more than doubled to $2.69 billion from $1.2 billion a year earlier.
Goldman Reports Highest Profits in 3 Years
Underwriting revenue at Goldman Sachs surged to a record, and the firm’s reliance on trading fell to the lowest level in more than a decade.
New Hire Roundup: Craig Gordon Leaves RBC Wealth
In addition, Hamilton Insurance named Sandy Weill chairman.
Gap Between Two Koreas Widens With Trade Leader Purge, Brokerage Plans
North Korea executes key trade negotiator as South Korea aims for "Korean Goldman Sachs"