Morgan Stanley to Take $1.25B Hit in Fourth-Quarter from Tax Bill
Morgan Stanley said on Friday it would take a $1.25 billion hit in its fourth-quarter earnings due to a cut in corporate tax rate as part of the U.S. tax code overhaul.
Biggest US Banks Clear First Hurdle In Fed’s Annual Stress Tests
The 34 largest U.S. banks have all cleared the first stage of an annual stress test, showing they would be able to maintain enough capital in an extreme recession to meet regulatory requirements, the Federal Reserve said on Thursday.
