(Corrects spelling in first bullet point to Morgan Stanley's) By Selena Li and Xie Yu HONG KONG (Reuters) - Morgan Stanley ( MS ) has laid off about 9% of its staff at its asset management business unit in China, two people with direct knowledge of the matter said, as the country's spiralling stock market dampens prospects for its $3.8...

NEW YORK (Reuters) -Citigroup expects investment banking fees to rise by a low-teens percentage in the first quarter versus the fourth quarter of 2023, CEO Jane Fraser told investors on Tuesday at a conference in New York. Markets revenue is expected to drop by 8% to 12% in the first quarter compared with a strong comparable quarter in 2023, she...

LONDON/NEW YORK/BOSTON (Reuters) -Four of the biggest U.S. banks are no longer signatories to the Equator Principles, an industry benchmark for assessing environmental and social risks in project-related finance, its website showed on Tuesday. Set up by the banking industry in 2003, the principles help firms identify, assess and manage potentially adverse impacts created by large infrastructure and industrial projects....

04:24 AM EST, 03/06/2024 (MT Newswires) -- Evotec SE ( EVO ) and biotech venture capital firm Claris Ventures said Wednesday they had agreed to streamline proposals from biotech companies into clinical trials. Financial terms of the agreement were not disclosed. Claris's portfolio includes nine European biotech firms with treatments approaching clinical trials. Under the terms of the new agreement,...