Wall Street banks are getting ready to sell up to $3 billion of debt holdings in X, the social-media platform controlled by Elon Musk, two sources with knowledge of the matter said Friday. Morgan Stanley bankers have reached out to investors ahead of a planned sale next week, the people added.

(Reuters) -Wall Street banks are getting ready to sell up to $3 billion of debt holdings in X, the social-media platform controlled by Elon Musk, two sources with knowledge of the matter said on Friday. Morgan Stanley bankers have reached out to investors ahead of a planned sale next week, the people added.

The Wall Street bank street bank's views echo those ... "While it is possible that the Bank of England will slow the pace of cuts if underlying inflation fails to make progress, we believe that ...

Europe's muted moves follow wage and jobs data that could leave the Bank of England scratching ... than the $8.83bn it posted last year. Wall Street is expecting earnings per share of $4.18 ...

Inflation cooled slightly to 2.5% in December, adding to the likelihood the Bank of England will move to cut interest rates against a difficult economic backdrop.

The FTSE 100 ( ^FTSE) and European stocks were higher on Wednesday as traders digested news that UK inflation unexpectedly fell to 2.5% in December. This was down from 2.6% in November, according to the Office for National Statistics. Economists had expected inflation to stay steady at 2.6%.

The dollar’s sudden drop on a WSJ report that Trump is unlikely to implement immediate tariffs shows just how sensitive the currency is to tariff news, Ballinger said.

Sterling faces further weakness and investors were losing confidence in Reeves’ growth-boosting plans, and the currency’s outlook remained negative, also given expectations of at least two BOE rate cuts this year,

In mid-January, Truist Securities's John McDonald published a new analysis of Bank of America just after the lender reported its fourth-quarter 2024 results. Those figures compelled McDonald to ...

The leadership revamp comes after the bank announced Solomon has picked up two megabucks bonuses for his performance running the Wall Street giant. REUTERS “This group of leaders represents the ...

Bank of America (NYSE:BAC) reported better than expected earnings for the fourth fiscal quarter on Thursday due to strong investment banking and trading activity. The Wall Street bank’s balance ...

All the new appointees will join the bank's management committee. Goldman has sharpened its focus on its Wall Street businesses over the past few years after an ill-fated foray into consumer ...