Wednesday's Headlines: No Holiday Parties at Morgan Stanley, JPM and BofA

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Morgan Stanley, JPMorgan, and Bank of America aren't holding holiday parties this year. For some banks, this is the third straight year they'll take a pass on year-end festivities. []

Spending at expensive restaurants in New York is up as traders and executives are feeling more secure. [NY Times]

Flush with extra funds, investment managers are spending it on technology executives who can cut costs. [InvestmentNews]

Crédit Agricole is seeking to capitalize on record bond issuance in Latin America and has hired a head of debt capital markets origination there. [Financial News]

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