Liz Hoffman

Morgan Stanley said its first-quarter profit fell 9% from a year ago, hit by the same trading slump early in the year that hurt other Wall Street firms. The bank’s results beat analyst expectations.

Online bond-trading platform Tradeweb Markets surged in its market debut, as investors continued to show strong interest in new issues.

At least a dozen Goldman partners are negotiating their exits from the firm, and the departures are likely to be announced in coming weeks.

Morgan Stanley Chief Executive James Gorman said he has recovered from the new coronavirus, the most senior Wall Street executive known to have been infected.

Goldman Sachs restated its second-quarter earnings lower after reaching a $3.9 billion settlement with the government of Malaysia to resolve an investigation into its work for a corrupt investment fund.

Co-CEO Ralph Schlosstein will step down in February after 13 years.

Glenn Youngkin’s recent election as governor is inspiring financiers to consider running for office, a decade after the financial crisis closed the road from Wall Street to Washington.

The former quarterback’s reluctance to stump for the merger on live television proved a stumbling block for the deal.

Stephen Schwarzman and Ken Griffin are among those hosting a March fundraiser for the former Bridgewater CEO.

Regulators are investigating whether investment banks tip off clients to coming insider sales. The Wall Street Journal examined 393 such trades to find out.