Big Bank CEOs testified in front of the Senate Banking Committee on Wednesday as part of lawmaker's annual oversight of the financial sector, discussing the Federal Reserve's proposed Basel III Endgame provisions for capital requirements. Whalen Global Advisors Chairman Chris Whalen believes Congress' proposals appear to be misguided in lawmakers' attempts to rein in and regulate the banking industry. "The rationale for a lot of these changes is wrong, and I also think that, unfortunately, the Fed had an opportunity to work with the industry to really address current problems," Whalen tells Yahoo Finance. "But they keep coming back to capital." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
NEW YORK, December 07, 2023--Morgan Stanley Investment Management ("MSIM") announced today that it has closed on approximately $1.2 billion of total equity capital commitments for North Haven Expansion Equity IX and North Haven Expansion Credit II to fund later-stage growth equity and credit investments in the technology, healthcare, consumer, digital media and other high-growth sectors. The funds, managed by Morgan Stanley Expansion Capital ("Expansion Capital"), exceeded the target total raise
NEW YORK, December 07, 2023--The Morgan Stanley Institute for Sustainable Investing (the Institute) today announced the third cohort of its Sustainable Solutions Collaborative (the Collaborative). Launched in 2020, the Collaborative aims to identify breakthrough innovations that address complex global sustainability issues.