Morgan Stanley’s second-quarter earnings rose 45% as the coronavirus ripped through the U.S. economy and financial markets. The bank reported revenue of $13.4 billion and profit of $3.2 billion, or $1.96
- The Wall Street Journal. - Liz Hoffman
- The Wall Street Journal. - Tom Fairless, Patricia Kowsmann, Paul J. Davies
Germany’s top financial supervisor received detailed warnings about deceptive financial practices at Wirecard AG starting in 2008 but repeatedly failed to investigate the allegations, turning instead the
- The Wall Street Journal. - Ben Eisen
Bank of America Corp.’s profit tumbled 52% in the second quarter after the bank set aside billions of dollars to prepare for soured loans. The Charlotte, N.C.-based bank said Thursday that it earned $3.53
- The Wall Street Journal. - Caitlin Ostroff
Stocks slipped Thursday, while Chinese shares dropped by the most in over five months, amid fresh concerns about rising coronavirus infections and the global economy’s faltering recovery from the pandemic.