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Plans by wealthy Kenyans for bonuses in 2024 favours savings over spending


High-income Kenyans plan to spend the bulk of bonus earnings on buying property or reinvesting in their businesses. ....

Standard Chartered Bank Kenya , Patrick Alushula , Standard Chartered Bank , Wealth Management Unit ,

Morgan Stanley laying off hundreds in wealth management unit, source says

The cuts will impact less than 1% of the division s employees, the person said, requesting anonymity. ....

James Gorman , Morgan Stanley , Eaton Vance , Wall Street , World News , Wealth Management Unit ,

Transcripts for BBCNEWS Asia Business Report 20240604 23:41:00

Boost from higher interest rates. bank of america s second quarter profit beat wall street estimates as it earned more from customers loan payments. investment banking and trading also fared better than expected. the second largest us lender projected its net interest income would increase 8% this year after it rose 14% in the second quarter. its shares closed 4% higher on the news. and morgan stanley also performed better than expected in the second quarter. its profit beat estimates as growth in its wealth management business offset lower trading revenues. the wealth management unit s net revenue rose 16% to a record $6.7 billion. morgan stanley s surged more than 6% on the news. and that s it for this edition of asia business report. thanks for watching. bye for now. bbc news bringing you different stories from across the uk. this is vinnie from cardiff. a former drug dealer, he was hooked on heroin from the age of 1a. he also took pills, benzodiazepines, but not the real ones fr ....

Bank Of America , Interest Income , Investment Banking , Interest Rates , Loan Payments , Wall Street , Morgan Stanley , Wealth Management Business , Trading Revenues , Profit Beat Estimates , Wealth Management Unit , Asia Business Report , 816 7 Billion , 7 Billion , Bbc News , Drug Dealer ,