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Markets

Energy Crisis Spurs Record Payout at Vitol Group

Photo by Colton Sturgeon via Unsplash

Vitol Group, the world’s largest independent oil trader, has paid around a record $6.4 billion in share buybacks to its employee-owners.

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Advisor Upside

Janney Montgomery Scott Sold in Major PE Deal

Photo via Connor Lin / The Daily Upside

Janney will be sold from the Penn Mutual Life Insurance Company, marking another major equity deal in a busy year for the industry.

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Advisor Upside

How Interest Rates Cut Into Morgan Stanley’s Earnings

Photo by Ginton via iStock

Morgan Stanley’s performance was held down by its wealth management division and a Federal Reserve that is stuck in neutral on rate cuts.

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