John Foley Reuters

America’s safe haven status gets violent test

Trump has delivered a blow to America’s global credentials; investors remain shook

Wall Street ends 2020 with embarrassment of riches

Top banks end a troubled year substantially better off, thanks to trading profits and curb on stock buybacks

Morgan Stanley buys Eaton Vance because it can

The transaction is the latest move by Chief Executive James Gorman keen to expand in asset management

Wall St gets $10-billion gift from Main St

The big five financial firms can’t spend it, though, having set it aside to cover potential bad debt

China can live with a less special Hong Kong

The reasons why HK was considered distinct from China, post-handover have all become less relevant now