Topic: Investment Brokerages
Wealth managers post mixed results
Reuters US Online Report Business News
<div><p>NEW YORK (Reuters) - U.S. retail brokerages posted mixed fourth-quarter profits as higher merger and recruiting expenses offset growing management fees and a market-fueled increase in client assets.</p><p>On the busiest day of bank earnings, several of the ...
Morgan Stanley earns $617M in fourth quarter
AP News
<div id="subtitle">Morgan Stanley posts $617 million profit in fourth quarter as investment banking rebounds</div><div><p>Morgan Stanley said Wednesday it earned $617 million during the last three months of 2009 on profits from its investment banking and retail ...
Online brokers request patience amid rate storm
Reuters US Online Report Business News
<div><p>NEW YORK (Reuters) - After reporting steep profit drops on Tuesday, the top two U.S. online brokerages asked for patience as they face more of the same low interest rates and hope their clients return to the markets in force this year.</p ...
Citigroup loses $7.8B in 4Q
AP News
<div id="subtitle">Citigroup loses $7.8 billion in 4Q as loan losses continue, but some positive signs emerge</div><div><p>Citigroup Inc. became the latest bank to take a cautious view of consumers' credit problems, reporting a $7.77 billion ...
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