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Provided by Dow Jones Jan 20, 2021 10:09 PM UTC Shares of banks and other lenders and money managers fell alongside Treasury yields fell even as earnings continued to surpass analysts' targets. Shares of Morgan Stanley ticked down even after the Wall Street brokerage posted fourth-quarter earnings and revenue that blew the doors off analysts' expectations. Like those of rival Goldman Sachs Group, Morgan Stanley's trading desks were able to capitalize on a bout of intense volatility in global markets around the time of the presidential election. Financial firm Sixth ...

Alex Wong/Getty Michael Whitman has finally found a home. The former Blackstone credit executive had initially departed the firm in the summer of 2020 for a job at General Capital. Whitman was planning on looking for debt investment opportunities via a joint-venture with Iron Park Capital. But Blackstone had different plans, citing a non-compete against Whitman. Advertisement However, it appears the dust has finally settled on the dispute, for now. Read the full story here. Mat Ishbia Mat Ishbia, CEO of United Wholesale Mortgage, wasn't familiar with what a SPAC was just nine months ago. On ...

To embed, copy and paste the code into your website or blog: Markets gave a warm welcome to the Biden administration on Wednesday, as strong tech performance and hopes of “large-scale economic stimulus” helped power an across-the-board rally that brought all three major U.S. indices into “record territory” - NYTimes and WSJ and Bloomberg and MarketWatch Morgan Stanley’s the latest Wall Street big bank to report strong Q4 results, with profit rising 51% from a year earlier. Goldman Sachs reported similarly robust Q4 numbers earlier this week - WSJ P&G also posted solid 4th quarter re...

Sixth Street to Acquire Talcott Resolution Company to continue highly successful transformation and growth strategy implemented in partnership with investor consortium News provided by Share this article Share this article WINDSOR, Conn., Jan. 20, 2021 /PRNewswire/ -- Talcott Resolution Life Insurance Company ("Talcott Resolution" or "the company") today announced that Sixth Street, a leading global investment firm, has entered into a definitive agreement to acquire the company from a consortium of investors (the "consortium"), led by Cornell Capital LLC, Atlas Merchant Capital LLC, TRB Advis...

Sixth Street This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Sixth Street has agreed to buy insurance company Talcott Resolution for $2 billion, the latest deal in a private-equity gold rush in the insurance sector.  The acquisition fits within Sixth Street's "Tao" platform, which serves as an all-purpose investment vehicle to deploy capital in various forms. The deal is expected to close in the second quarter.   Investment firm Sixth Street Partners has agreed to buy the ...