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Morgan Stanley's fall in dealmaking fees during the third quarter far exceeds its Wall Street rivals

Investment Banking Editor

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Morgan Stanley has kept pay in its investment bank steady and increased the amount it puts aside for bonuses despite a 31% slump in dealmaking fees so far in 2023.

Morgan Stanley ups bonuses despite 31% fall in deal fees

Paul Clarke

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The prospect of a radical escalation in the global trade war in the coming days has nearly doubled the probability of a recession in the U.S. economy in the next 12 months to around 35%, according to Goldman Sachs.

Goldman Sachs Lifts U.S. Recession Probability to 35%

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