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...“At one point in time, each of Credit Suisse, UBS, Barclays and Deutsche were bigger than us. And now we’re about the same size as all of them combined, and for a while we were bigger,” Gorman said....
...Morgan Stanley offloaded its stake in 2010....
...Morgan Stanley has agreed to stay in its Canary Wharf office for another 14 years in a big boost to the east London financial centre that has been hit by high-profile tenant departures....
...asks Alana.Este and Alana Haim’s hair, Laurence Walker. Danielle Haim’s hair, Peter Gray....
...You’re a billionaire — you’re allowed to. But we’re not.”...
...According to people involved in UBS’s plans for its US wealth business, the bank is looking to replicate moves made by Morgan Stanley in recent years....
...Instead, 2023’s kingpin was Morgan Wallen’s One Thing At A Time, which sold the equivalent of 5.4mn albums, making it the biggest album in eight years....
...“We’re in a period where we’re going to see very serious distress in our industry for companies that didn’t leverage prudently,” Malone said in a November interview with CNBC, pointing to Altice in particular...
...These are people’s lives they’re gambling over.”...
...And I just have a feeling, Morgan, that you’re probably gonna have a really corking one. Morgan Housel Here’s what’s interesting....
...We’re taking a short break but will be back in your inboxes on Tuesday, December 26. Happy holidays! Five more top stories 1....
...[MUSIC PLAYING] Three more US regulators are investigating Morgan Stanley’s wealth management division. They’re looking into how the company vets potentially risky clients....
...We’re also reading . . . RedBird: Gerry Cardinale, the man who built the $10bn private equity group behind several high-profile media and sport takeovers, speaks to the FT....
...So even if WFH can’t be undone it’s probably more than in the price for UK Reits, says Morgan Stanley....
...And it looks like we’re getting some of that,” said Scott Siefers, a banking analyst at Piper Sandler....
...“We’re absolutely confident that within this contract, we have preemption rights,” said Neil Chapman, Exxon senior vice-president, at a Morgan Stanley conference on Wednesday....
...“We’re running circa two months ahead of what I would consider a normal type schedule for investment-grade issuance,” said Teddy Hodgson, co-head of Morgan Stanley’s global investment-grade debt syndicate...
...Dear reader, Sometimes, it turns out, bankers do know what they’re talking about. In January, I questioned the talk about “green shoots” in dealmaking by US banking bosses....
...Morgan Stanley is increasingly confident that investment banking is showing signs of a rebound following more than a year of sluggish dealmaking activity, said a top executive....
...“You’re stepping into massive shoes . . . Gorman took the underdog firm on Wall Street and he re-engineered it. That is hard. He is going out on a high. It’s exactly the way he should go out.”...
...Putting someone in a committee is the equivalent of telling them that they’re the future of the bank. They get to be decision makers and have greater influence as to how the business is run....
...remain (for example, in Melbourne you’re fine, but in Sydney you’re not)....
...As Sternfels’ predecessors eulogised Daniel’s “servant-leadership” from 1976 to 1988 in front of an audience that included the former New York mayor Michael Bloomberg and McKinsey alumni such as ex-Morgan...
...Disney said board member Francis deSouza will not stand for re-election at the annual meeting scheduled for next spring....
...Biden, who was born in Scranton, Pennsylvania, has spent more time campaigning for re-election in the state than in any other....
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