Banks In Metals Price-Fixing Probe: Wall Street Journal

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Banks In Metals Price-Fixing Probe: Wall Street Journal

It’s called the London gold fix: the widely followed daily process by which a handful of financial giants set prices of precious metals for global markets. Now, some of the biggest banks in the world have come under scrutiny for allegedly tainting the process. Price-rigging probes from the U.S. Commodity Futures Trading Commission (CFTC) and U.S.…

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Morgan Stanley Earnings: Why Profits Were up 47%

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Financial services behemoth Morgan Stanley (NYSE:MS) reported strong second quarter earnings with profits rising 47%, pushing Morgan Stanley stock higher. The firm generated $15 billion in revenue, an 11% year-over-year...