Soros Transfers $18 Billion to Foundation, Creating Instant Giant
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The 87-year-old pioneer of hedge-fund investing has transferred the bulk of his fortune to Open Society Foundations, which vaults it into the big leagues. Soros Fund Management is expected to show a tamer investing style now the firm has a philanthropy as its main client.
Goldman Posts Surprise Profit Rise Despite Trading Woes
Goldman Sachs's investment bankers and portfolio managers drove a surprise rise in quarterly profit, compensating for another rough spell for the Wall Street firm's once-unstoppable traders.
Morgan Stanley's Earnings Rise on Strength in Wealth Management
Morgan Stanley said its third-quarter profit rose 12% to $1.78 billion as its giant wealth-management business continued to churn out reliable and growing profits even as trading revenue declined.
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Credit Suisse Targeted for Breakup by Little Hedge Fund With Big Plans
A small but top-performing activist hedge fund has set its sights on an ambitious target: splitting Credit Suisse in three.
Stock Exchanges Question SEC's Plan to Revamp Trading
The country's largest stock exchanges are resisting a regulatory experiment to suppress incentives they offer to attract trading to their markets.
Trump Narrows Fed Leader Search to Five Candidates
President Donald Trump said he soon will choose a Federal Reserve chairman, having narrowed his search to five finalists.
All Regional Fed Banks Wanted To Keep Discount Rate At 1.75% in August
All of the Federal Reserve's 12 regional reserve banks wanted to maintain the interest rate on discount-window loans ahead of the central bank's September policy meeting, according to minutes released Tuesday.
Moody's Unit Buys Stake in Startup CompStak
The advisory arm of Moody's Corp. has acquired a minority stake in CompStak, a real-estate technology startup that collects detailed information on commercial property leases and sales through crowdsourcing.
A Shunned Industry Makes a Comeback in Ireland-Banking
Almost a decade after the Irish economy was crippled by a banking catastrophe, the country is reopening its arms to banks to take advantage of shifts in Europe's finance industry triggered by Brexit.
Barclays Poaches HSBC Investment Banker
Barclays has poached a senior investment banker from HSBC to co-head its mergers and acquisitions operations, an appointment that comes at a time when the bank is involved in some of the most high-profile U.K. cross-border deals.
(END) Dow Jones Newswires
October 17, 2017 16:15 ET (20:15 GMT)