Morgan Stanley Hauled in Billions of Wealth Assets From IPOs

It’s not just Morgan Stanley’s IPO bankers that are benefiting from the frenzy of companies going public in recent weeks. The bank hauled in $148 billion of net new assets in its wealth-management business in the second quarter, over half of which were tied to IPOs,...

Nasdaq 100 Sees Crisis-Level Volatility in Echo of Dot-Com Bust

Only during major crises have tech stocks been this volatile. For 20 of the past 26 trading days, the Nasdaq 100 Index — a key industry benchmark — has seen a daily gain or loss of roughly 1% or more as it lurched sideways, with the 1.1% gain on Tuesday the latest...

Korea’s AI Stock Rout Is Becoming a Lesson in Leveraged Excess

South Korea’s AI-fueled stock boom is turning into a cautionary tale of what happens when leverage becomes a more powerful market force than the fundamentals. SK Hynix Inc.’s record 15% plunge Monday compelled managers of leveraged products tied to the country’s...

Lincoln in Talks With Talcott for Multibillion-Dollar Risk Deal

Lincoln National Corp. is in advanced talks with Talcott Financial Group for a reinsurance deal that would shift billions of dollars of life insurance reserves off its balance sheet, according to people familiar with the deliberations. The deal is expected to focus on...