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Morgan Stanley profit drops 14% as deal drought persists

Morgan Stanley's profit beat estimates as growth in its wealth management business offset lower trading revenue in the second quarter, and executives expressed optimism about the economic environment. ....

New York , United States , Mehnaz Yasmin , James Gorman , Arun Koyyur , Lananh Nguyen , Niket Nishant , Tatiana Bautzer , Thomson Reuters Trust Principles , Morgan Stanley , Thomson Reuters Trust ,

Citigroup profit drops 36% as trading slump casts cloud over earnings

Citigroup beat analysts' estimates for second-quarter profit on Friday as higher interest payments from borrowers partly countered a blow to its Wall Street businesses from a slump in trading. ....

Lananh Nguyen , Mehnaz Yasmin , Sriraj Kalluvila , First Republic Bank , Thomson Reuters Trust Principles , Wall Street , Wells Fargo , Thomson Reuters Trust , Rsbi Regulatory Oversight ,

Italy looking to boost loyalty shares scheme to help Milan bourse

Italy is looking to boost the ability of listed companies to issue shares with enhanced voting rights, a Treasury official said on Thursday, as part of efforts to stop a steady flight of businesses from Milan to the Netherlands. ....

Noord Holland , Angus Macswan , Federico Freni , Giorgia Meloni , Francesco Gaetano Caltagirone , Thomson Reuters Trust Principles , Treasury Junior Minister Federico Freni , Minister Giorgia Meloni , Thomson Reuters Trust , Rsbi Regulatory Oversight , Sustainable Business ,