Schwab and Big Banks Slide as Vanguard’s Altruist Deal Raises AI Threat in Wealth Management
Vanguard’s reported $4B–$4.6B Altruist deal revived fears that AI will disrupt brokerage custody and idle client cash that funds broker profits.
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Morgan Stanley Smashes Q2 2026 Records with $21.3 Billion Revenue and Record Trading Results
Strong wealth inflows, higher dividend, and $20B buyback program announced.
Morgan Stanley Smashes Records: $5.6B Profit Fueled by Iran War Volatility
Morgan Stanley crushed Q1 2026 earnings with a $5.6B profit (+30%) and record $20.6B revenue, beating expectations, driven by strong trading, banking, and client inflows amid market volatility.
Apollo Limits Redemptions in Major Retail BDC Amid Private Credit Outflow Wave
Apollo Global limits withdrawals to 5% in Apollo Debt Solutions after 11.2% redemption requests hit private credit funds amid investor anxiety.
Wave of Redemptions Forces Caps at Cliffwater's $33B Fund and Morgan Stanley's Vehicle
Morgan Stanley and Cliffwater limit redemptions on major private credit funds after record withdrawal requests in Q1 2026, signaling investor concerns over liquidity and loan quality in the $1.8T market.
Morgan Stanley Posts Record Earnings with 93% Surge in Debt Banking Revenue
Morgan Stanley (MS) reports stellar Q4 2025 results with debt underwriting revenue jumping 93%, record annual profits, and $122.3B in new wealth assets.