Hints and tips:
...despite generating billions of dollars in annual revenue....
...Job moves Disney has appointed outgoing Morgan Stanley chief executive James Gorman and former Sky chief executive Jeremy Darroch to its board of directors....
...(JP Morgan first entered his collies in Westminster in 1893.)...
...Morgan Stanley’s succession saga is complete. Now what? After 14 years under James Gorman, 33-year Morgan Stanley veteran Ted Pick has been selected as his heir....
...Ayache joins from Morgan Stanley, where he spent more than 30 years advising large French companies. Centerview Partners has hired Gordon Kroft as a partner in New York....
...According to Lex (for Premium subscribers), this shift may spur more job and investment opportunities via the creation of a “silver economy”, though China already faces worker shortages in its manufacturing...
...So there’s always a silver lining somewhere.” Scaramucci speaks for many who have tried to rebuild the momentum around digital assets....
...Both sums are drops in Niagara Falls against the trillion-dollar valuations the country’s leading tech companies command....
...And one other big thing: US private equity group Silver Lake is considering taking private Ari Emanuel’s talent agency Endeavor Group in a deal that would be one of the year’s largest buyouts....
...That was the case on two recent deals banks have financed: Silver Lake’s $12.5bn purchase of Qualtrics and Blackstone’s $4.6bn takeover of event software company Cvent....
...The dollar-denominated declines range from 34 per cent to an astonishing 72 per cent for the UK’s Jupiter. And this is no irrational market tantrum....
...But one question still burns over his legacy: what will become of his multibillion-dollar empire?...
...The bank syndicate, led by Morgan Stanley, stands to lose over $500mn on the financing, said sources familiar with the situation, with some cautioning the figure could be higher....
...Meanwhile, Goldman’s valuation gap relative to rivals, including Morgan Stanley, which earn more of their revenue from businesses considered to be more reliable such as wealth management, still looms large...
...I think Morgan McSweeney as well, who’s the campaign chief....
...One thing to start: Carlyle Group has sounded out two senior Wall Street bankers — Citigroup chief financial officer Mark Mason and outgoing Morgan Stanley chief operating officer Jonathan Pruzan — about...
...But the hundreds of millions of dollars it has lent to Musk over the years pale in comparison to what Morgan Stanley is willing to front for Musk’s acquisition of Twitter....
...Silver linings The dealmaking slump has forced banks to trim their ranks....
...Should the current market tumult escalate into something more, it will be harder to find silver linings....
...Durham spent 17 years at Silver Lake and left earlier this year....
...The crypto carnage has one silver lining: the broader financial system has been spared....
...Former Morgan Stanley in-house counsel Stephen Morris has joined law firm Katten as a partner in New York....
...It is the sort of high-profile deal that Ravitch has been building towards since starting Raine in 2009 with Jeff Sine, a former banker at UBS and Morgan Stanley who has also produced shows on Broadway and...
...Morgan Stanley, another big shareholder, has been appointed to advise Musk on the bid....
...And when you look at the example of someone like Morgan Stanley, Goldman’s historical rival, they’ve been in the process for more than ten years of trying to grow in wealth management....
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