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(Reuters) -Bank of America Corp reported a better-than-expected 30% jump in quarterly profit on Wednesday, as it benefited from loan growth as well as record-breaking M&A volumes that helped drive its investment banking business. Flush with cash and emboldened by soaring stock market valuations, large buyout funds, corporates and financiers struck billions of dollars worth […]
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Oil highest since 2014 as Turkey outage adds to tight supply outlook
By Noah Browning LONDON (Reuters) -Oil prices rose for a fourth day on Wednesday after a fire on a pipeline from Iraq to Turkey briefly stopped flows, increasing concerns about an already tight short term supply outlook. Brent crude futures rose 48 cents, or 0.6%, to $87.99 a barrel at 1245 GMT, adding to a […]
Morgan Stanley quarterly profit beats on wealth management, M&A boom
(Reuters) -Morgan Stanley beat quarterly profit expectations on Wednesday as the Wall Street investment bank capitalized on a boom in mergers and acquisitions and generated robust fees from advising on deals. The bank’s wealth management unit also turned in a strong fourth quarter with revenue rising more than 10% to $6.25 billion. Morgan Stanley’s results […]
UK’s Johnson, facing ‘pork pie’ plot to oust him, says he will not resign
By William James and Alistair Smout LONDON (Reuters) -British Prime Minister Boris Johnson, fighting to save his premiership amid a storm over a series of lockdown parties in Downing Street, told parliament on Wednesday he would not resign. Johnson is struggling to quell an internal revolt by his own lawmakers who are angry over the […]
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