Hints and tips:
...Morgan Stanley first-quarter profits rose 14 per cent to $4.3bn, thanks to strong performances in trading and wealth management....
...Morgan Stanley, UBS and Bank of America have some of the largest, more than twice as high as the average of 19 per cent. The biggest gaps by sector are construction, banking and consulting....
...Redrow founder and largest shareholder Steve Morgan, formerly a Conservative donor, has been among the critics, saying “it’s like the government wants to destroy the industry”....
...Analysts forecast the six big banks, which includes Goldman Sachs and Morgan Stanley, will report a combined hit to earnings of 13 per cent compared with last year....
...In other Wall Street updates, Citigroup said it would cut 20,000 jobs after its worst quarter in 15 years; JPMorgan Chase reported record annual profits thanks to high interest rates; Morgan Stanley will...
...Recent mega deals have raised hopes of a gusher of advisory fees for Wall Street banks Morgan Stanley and Goldman Sachs....
...The UK energy market regulator fined Morgan Stanley £5.4mn for failing to keep records of WhatsApp communications among its traders, the latest sanction in the global crackdown on bankers’ use of personal...
...Morgan Stanley profits dropped 9 per cent after a slump in investment banking; Goldman Sachs profits fell 36 per cent after it pulled back from retail banking and Bank of America profits climbed a better...
...His rival at Morgan Stanley, James Gorman, is stepping down at the end of the year, to be replaced by Ted Pick, who currently runs investment banking and trading....
...Morgan Stanley also reported a drop in profits as trading slowed. The head of MI6 appealed to Russians that are appalled by the killing in Ukraine to join forces with the UK’s foreign spy agency....
...Darren Morgan, ONS director of economic statistics, attributed the strong growth in retail sales to “heavy Black Friday discounting”....
...Director of economic statistics at the ONS, Darren Morgan, said: “Within services, education returned to normal levels, while computer programmers and engineers both had strong months.”...
...The World of Work Goldman Sachs and Morgan Stanley are among US companies offering British employees medical services on site....
...Darren Morgan, who retired at the end of 2023 as director of economic statistics production, told the Financial Times in November he had to juggle resources between propping up the old survey and ramping...
...Need to know: business Data seen by the FT showed profits at Goldman Sachs, Morgan Stanley and other big western banks fell sharply last year because of Covid lockdowns and political tensions....
...The bosses of Goldman Sachs and Morgan Stanley said they were seeing “green shoots” in their struggling investment banking businesses, which have seen activity damped by higher interest rates....
...Europe’s Morgan Stanley?: A year on from UBS’s rescue of Credit Suisse, the merger’s success is becoming increasingly dependent on the performance of the Swiss bank’s wealth business....
...Darren Morgan, ONS director of economic statistics production and analysis, told the Financial Times the delay was “because we want to be confident in the numbers we put out” and did not reflect on previous...
...“We are quickly looking at other incentives we can deploy in the most cost effective way,” said Darren Morgan, ONS director for economic statistics production....
...“All of a sudden we weren’t decentralised,” said Darren Cohen, co-head of growth equity. “We have a structure that can compete.”...
...As the employment lawyer Darren Newman explains on his blog: For complaints about pay (or any other contractual terms) women (or men) have to bring an equal pay claim rather than a more straightforward...
...Darren Morgan, ONS director of economic statistics production and analysis, said the agency was working to give a more detailed breakdown “as quickly as we can”, with better coverage by the end of the year...
...Darren Morgan, the ONS’s director of economic statistics, said: “In July, industrial action by healthcare workers and teachers negatively impacted services and it was a weaker month for construction and...
...JPMorgan chief Jamie Dimon is hawkish, arguing that it would probably need to lift its benchmark rate above 5 per cent, while Morgan Stanley’s James Gorman said inflation had peaked and that it was almost...
...Morgan Stanley also suffered falls at its investment bank but these were partly offset by record wealth management revenues....
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