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Elon Musk Borrowed $1 Billion From SpaceX in Same Month of Twitter Acquisition
The world’s richest man has more than once drummed up cash from his empire of companies without having to permanently part with shares. Source link
Charles Schwab Survived the Deposit Crisis. What Comes Next?
Charles Schwab is best known as the largest publicly traded U.S. brokerage firm, but it also runs a large bank that isn’t quite too big
Wall Street Wrestles With Dealmaking, Trading Slump
Morgan Stanley said second-quarter profit fell 13% from a year ago, driven by a 22% decline in trading revenue. Source link
Stocks Extend Winning Streak as Bank Earnings Spur Optimism
U.S. indexes were boosted by banks as well as artificial-intelligence related companies such as Microsoft and Nvidia. Source link
Bonds Are a Problem, and One Solution, for Bank of America
Trading bonds is working out better than holding them. Source link
Morgan Stanley's Profit Falls, Hurt by Lower Trading Revenue
Results show that Wall Street-style businesses like investment banking and trading are still in the doldrums. Source link
Is the Banking Crisis Over? We Could Be About to Find Out
Banks’ earnings for the second quarter will show whether the recent failures of three lenders and a slowing economy are eroding what has been a
Merrill Lynch to Pay $12 Million for Failing to File Hundreds of Suspicious Activity Reports
Anti-money-laundering rules require broker-dealers to report to regulators on transactions over $5,000, but Merrill’s parent used a $25,000 threshold since their tie-up. Source link
Bank of America Ordered to Pay $250 Million Over Wrongful Fees
The CFPB also said the bank withheld credit card rewards and opened accounts without consent. Source link
Stocks Withstand Earnings-Day Declines From Goldman Sachs, Johnson & Johnson
Bank of America was among the other big companies reporting Tuesday. Source link