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Morgan Stanley buys Barra

Morgan Stanley Capital International (MSCI), a provider of equity, fixed-income and hedge fund indexes based in New York, will acquire California-based technology company Barra within the next four months, for approximately $816.4 million, or $41.00 a share, the company says. The merged entity will provide indexes and risk management analytics. The boards of directors of

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The wild world of credit models

The Covid-19 pandemic has induced a kind of schizophrenia in loan-loss models. When the pandemic hit, banks overprovisioned for credit losses on the assumption that the economy would head south. But when government stimulus packages put wads of cash in…

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