Morgan Stanley Is Laying Off Several Hundred in Wealth-Management Division

The Wall Street firm's plans to rein in costs under new Chief Executive Ted Pick will focus on a critical area. 


 
Fed's Barr says banking system is strong despite New York Community Bancorp's woes

The recent troubles at New York Community Bancorp Inc. are not a sign of systemic problems in the U.S. banking system, a top Federal Reserve official said Wednesday. 


 
What One ETF From the Dot-Com Era Can Tell Us About Tech Investing Now

Some of the same market dynamics-and fundamental questions-remain 


 
Genesis Cleared to Sell Grayscale Shares Valued at $1.6 Billion

The bankrupt crypto lender can now convert the shares into bitcoin or cash. 


 
Financial Firms Expect Big Changes from European Cyber Rules

Smaller technology suppliers in particular will likely find it difficult to comply with the new legislation. 


 
The China Conundrum Facing Wall Street Banks

Bankers have to answer a lot of tricky questions. Defining a Chinese company is one of the hardest. 


 
Silicon Valley Needs to Accept That Insurance Is Boring

Venture capitalists have too often backed flashy "insurtech" startups with unworkable growth expectations. 


 
Climate Change Has Hit Home Insurance. Is Health Insurance Next?

Insurers are adjusting to assessing climate risk as extreme heat and air pollution have been linked to a rise in hospitalizations. 


 
ABN AMRO Announces Fresh Buyback After Profit Beat

ABN AMRO launched a EUR500 million buyback after its fourth-quarter net profit beat forecasts and set out its return on equity target for 2026. 


 
Financial Services Roundup: Market Talk

Gain insight on Computershare, AMP, Goeasy, and more in the latest Market Talks covering Financial Services.


(END) Dow Jones Newswires

02-15-24 0015ET