Competition ramps up between big banks, retail brokers
Tech stocks and IPOs drove the increase
Spike in underwriting activity fuels jump in banking fees
Spike in financing needs driving sustainable segment
Stable income, rising wealth a bright spot for big global investment firms
Tier 1 capital requirements for Goldman Sachs, Morgan Stanley affected
Credit loss provisions rise, but firms shore up capital
Canaccord Genuity has been selected as Morgan Stanley’s platform provider
The Calgary-based firm helps companies manage employee stock plans
Affected clients are being contacted to alert them to the security breach