Banking industry
On January 28, 2010, several notable downgrades were announced by analysts, affecting various companies listed on the New York Stock Exchange (NYSE) and the NASDAQ. The downgrades were based on the analysts' new views on the companies' financial prospects and market performance. These changes can have significant implications
Banking industry
HSBC has led a consortium of investors in a $350 million equity financing round in Better Place, a Palo Alto-based start-up operator of electric car charging stations in the US. This investment marks one of the largest clean-tech investments in history, valuing Better Place at $1.25 billion. The financing
Banking industry
National Australia Bank (NAB) is gearing up for a potential takeover of Northern Rock, a UK-based lender nationalized during the financial crisis, by hosting a "beauty parade" of investment banks to advise it on an auction next year. The move comes as the UK government seeks to sell
Banking industry
Research showed a significant trend among U.S. employers to hire more new workers in 2010 compared to the previous year, marking a sign that the recession may be easing its grip. This shift towards increased hiring is a crucial development, especially considering the impact of the recession on the
Banking industry
Despite receiving federal bailout money, six top US banks - Goldman Sachs Group Inc., JPMorgan Chase & Co., Citigroup Inc., Bank of America Corp., Wells Fargo & Co., and Morgan Stanley - are set to pay employees a total of $74 billion in bonuses, a $14 billion increase from last
Banking industry
As the world continues to grapple with the financial crisis, Morgan Stanley (NYSE: MS) reported a second-quarter 2009 loss of $159 million, or $1.37 per diluted share, compared to income of $689 million in the same period last year. The loss was a stark contrast to the strong results
Youth
Fifteen-year-old Matthew Robson's summer internship at Morgan Stanley's Canary Wharf offices has become one of the most talked-about stories in the financial world. Robson, a Kidbrooke comprehensive school pupil, was one of the six London schoolchildren to secure a work experience placement at the bank. What
Youth
A 15-year-old Briton, Matthew Robson, has created a stir in the financial world with a research note detailing the media habits of his peers. While on work experience with US bank Morgan Stanley in London, Robson penned the report, which has been circulated to clients worldwide. The research note reveals
