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Dr Subramanian Swamy explains How Participatory notes are destroying Indian Share Market

One of the key Indian politician (Sonia Gandhi) complained to P Chidambaram that instead of giving interest on our Black money Swiss banks are charging 2% service Charge. So Mr Chidambaram came with a new idea. He created a new financial derivative called "Participatory Notes". So what is participat ...

Morgan Stanley beats estimates as trading revenue jumps| Reuters

Jul 21, 2015    

REUTERS - Morgan Stanley (MS.N) reported a stronger-than-expected second-quarter profit as its bond and equities trading businesses handily outperformed those of its Wall Street rivals.The results capped a robust quarter for big U.S. banks - Goldman Sachs Group Inc (GS.N) excepted - although many relied more on cost cuts and lower legal expenses than Morgan Stanley, which achieved strong results in most of its businesses."The quarter (for Morgan Stanley) looked really good, uncomplicated and straightforward across all the board, which is what really stood out," said Marian Kessler, c...

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