Bloomberg Businessweek cover image

Bloomberg Businessweek

Morgan Stanley Wealth Shift, Markets Momentum

Jan 16, 2025
Alison Williams, a Senior Global Banks Analyst at Bloomberg Intelligence, shares insights on Morgan Stanley and Bank of America's earnings, revealing the impact of market trends. Larry Connor, founder of the luxury real estate firm The Connor Group, discusses housing affordability and the need for regulatory change. Gina McCarthy, former EPA Administrator, talks about climate change's connection to California wildfires and the push for clean energy. Max Wasserman provides strategic investment insights, focusing on market dynamics amidst economic fluctuations.
47:57

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Quick takeaways

  • Morgan Stanley's impressive fourth-quarter profits highlight the significant impact of market conditions on financial institutions' earnings and stability.
  • Larry Conner's insights underscore the urgent need for federal intervention to address the housing crisis through regulatory reforms and financial incentives.

Deep dives

Impact of IRS Penalties on U.S. Businesses

In 2023, U.S. businesses incurred $14 billion in IRS penalties due to filing errors, representing a significant financial loss that could have been allocated towards business growth. This situation highlights the critical need for effective compliance and accurate reporting in financial management, as many companies struggle with the complexities of tax regulations. Solutions like TenCheck offer an innovative approach, providing instant verification of employee and vendor information against over 30 global databases. Such services help prevent costly mistakes during onboarding processes, thus protecting businesses from potential penalties.

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