Real Estate
  • For Goldman Sachs and Morgan Stanley, boring is beautiful

    For Goldman Sachs and Morgan Stanley, boring is beautiful

    By Lauren Tara LaCapra, Reuters

    (Reuters) - Investment banks Morgan Stanley and Goldman Sachs Group Inc posted better-than-expected quarterly earnings on Thursday, helped by gains in merger advisory and stock underwriting. The...

  • Morgan Stanley profit soars on wealth management, trading

    Morgan Stanley profit soars on wealth management, trading

    By Lauren Tara LaCapra and Anil D'Silva, Reuters

    (Reuters) - Morgan Stanley reported a 55 percent jump in first-quarter earnings as higher revenue from its institutional securities business augmented another strong quarter from wealth management,...

  • Weak U.S. prices, not inflation, the threat now: Fed's Yellen

    Weak U.S. prices, not inflation, the threat now: Fed's Yellen

    By Jonathan Spicer, Reuters

    NEW YORK (Reuters) - Persistently low inflation poses a more immediate threat to the U.S. economy than rising prices, Federal Reserve Chair Janet Yellen said on Wednesday, stressing that the U.S...

  • BofA reports first quarterly loss since 2011 on lofty legal bill

    BofA reports first quarterly loss since 2011 on lofty legal bill

    By Peter Rudegeair and Tanya Agrawal, Reuters

    (Reuters) - Bank of America Corp reported an unexpected first-quarter loss on Wednesday after it took a $6 billion charge to cover litigation expenses, a figure that far exceeded the legal...

  • Fed should beef up low-rate vows, two officials say

    Fed should beef up low-rate vows, two officials say

    By Alicia Underlee Nelson and Richard Valdmanis, Reuters

    FARGO, North Dakota/BANGOR, Maine (Reuters) - The U.S. Federal Reserve ought not to raise interest rates until the economy is much closer to full strength, two of the Fed's most dovish policymakers...