Bloomberg Morgan Stanley reported an 83 percent increase in fourth-quarter profit as fixed-income trading revenue more than doubled, surpassing analysts’ estimates. Net income climbed to $1.67 billion, or 81 cents a share, from $908 million, or 39 cents, a year earlier, the New York-based company said on Tuesday in a statement. The 2015 figure includes a 4-cent accounting charge ...

  Bloomberg Bank of America Corp. is emerging as a winner in the fight for corporate clients and investment-banking fees in Brazil as some of its competitors retreat. The US firm turned in its best showing ever last year in the South American nation, raking in more fees from merger-and-acquisition advising and debt and equity underwriting than any company except ...

  Bloomberg China is increasingly managing the flow of credit with more finely-tuned instruments than its old method of changing how much of their deposits lenders must keep locked away. Banks’ required reserve requirements haven’t changed for almost a year. Instead, the central bank has used short-term lending channels to add almost six times as much funding than would have ...