Morgan Stanley is trading in its white shoes for Converse Chuck Taylors. That’s the initial impression on Wall Street at least after the bank announced that it had agreed to buy discount brokerage E-Trade Financial Corp. for $13 billion in an all-stock takeover, the biggest acquisition by a large US bank since the financial crisis. It would add E-Trade’s $360 ...

SoftBank Group Corp.’s chairman took to the stage to gloat about the company’s return to profit in a horrible year and to name drop some of the wonderful companies in his orbit. But the most important name of all was missing: Paul Elliott Singer. Getting top billing in Masayoshi Son’s earnings presentation was Alibaba Group Holding Ltd., which netted the ...

The house of HNA Group Co. may be no more, bringing an end to the dramatic rise and fall of one of the biggest buyers of global assets in recent years. It was about time. The Chinese government is planning to take over the airline-to-insurance-to-property conglomerate that splashed out over $40 billion in recent years to buy assets including stakes ...