Morgan Stanley to Buy Eaton Vance for $7 Billion

Christel Deskins

Morgan Stanley said it is buying fund manager Eaton Vance Corp. for $7 billion, continuing the Wall Street firm’s shift toward safer businesses like money management. Its pivot mirrors a broader shift in power and profits on Wall Street. The trading profits of the 2000s are long gone, sapped by […]

Safe havens are performing like ‘insurance that covers just one bedroom in the house,’ says JP Morgan

Christel Deskins

iStockphoto Should investors fear no assets can protect them from increased turbulence in global markets amid November’s looming U.S. election and persistent worries around the COVID-19 pandemic? That’s the concern addressed by JP Morgan strategists who warned that many traditional haven investments in September have not performed as advertised, providing […]

Morgan Stanley Sustainable Reality Report Reveals Sustainable Funds Outperformed Traditional Funds and Reduced Investment Risk Despite Global Pandemic

Christel Deskins

Sustainable investing funds can outperform traditional funds and reduce investment risk, according to a new Sustainable Reality report published today by the Morgan Stanley Institute for Sustainable Investing (The Institute). In the first half of 2020, the COVID-19 pandemic induced a global recession, causing capital markets around the world […]

Marriott International CFO To Speak At J.P. Morgan Gaming, Lodging, Restaurant & Leisure Management Access Forum September 14; Remarks To Be Webcast

Christel Deskins

BETHESDA, Md., Sept. 10, 2020 /PRNewswire/ — Leeny Oberg, executive vice president and chief financial officer at Marriott International, Inc. (Nasdaq: MAR), will speak at the 2020 J.P. Morgan Gaming, Lodging, Restaurant & Leisure Management Access Forum, to be held on Monday, September 14.  Ms. Oberg’s remarks will be at […]