Bloomberg The debate over the trajectory for corporate profits reached a crescendo this week, with two widely followed Wall Street strategists clashing over whether an earnings recession is imminent. Just days after Morgan Stanley’s Mike Wilson announced the S&P 500 profits would turn negative for the first six months of 2019, Brian Belski at BMO Capital Markets said such fears ...

Bloomberg Deutsche Bank AG has decided that none of the more than $4 billion it promised to spend on consumer relief after the global mortgage crisis will go to distressed US homeowners, according to a report by the monitor of the 2017 settlement. Instead, the consumer-relief money will be spent on originating new loans, according to the February 13 report ...

Bloomberg Standard Chartered Plc and BNP Paribas SA are among about a dozen banks likely to be added as co-managers for Saudi Aramco’s landmark international bond sale, people with knowledge of the matter said. Two Japanese lenders — Mitsubishi UFJ Financial Group Inc., Mizuho Financial Group Inc. — as well as Samba Financial Group and Gulf International Bank BSC are ...