US Regulators Seize Control of First Republic Bank
The US regulators have seized control of First Republic Bank, making it the third financial institution taken under government control this year, then promptly accepted a bid from JPMorgan Chase for virtually the lender’s all assets.
Exclusive: Morgan Stanley to slash 2022 banker bonuses in Asia by up to half
Morgan Stanley plans to slash investment bankers’ annual bonuses by as much as 50% in Asia, said two people with direct knowledge of the matter, as the Wall Street firm reins in costs to tackle tough market conditions that have hit its revenue.
