Hints and tips:
...The group, launched in 2009 by former Goldman Sachs banker Joe Ravitch and Morgan Stanley and former UBS banker Jeff Sine, is set to make $65.5mn from the deal, with the vast majority of the fees due once...
...The move to raise $500m in art-backed securities comes at a moment of deep distrust of Drahi in the bond market, however....
...Morgan Stanley Investment Management has filed to adopt Vanguard’s exchange traded fund multi-share class structure, becoming the fifth in line to seek approval to do so....
...Some of the same banks are issuing stronger warnings in US listings, where the Securities and Exchange Commission has called for “more specific and prominent” disclosure of China risks....
...Morgan Stanley did not respond to a request for comment....
...They join from Morgan Stanley and Citi, respectively. Coatue Management managing director Aaron Weiner is leaving the group to start a new hedge fund, Bloomberg reports....
...Companies expected to go public soon include cold storage chain Lineage Logistics, which is seeking a valuation above $30bn, and cyber security provider Rubrik, valued at $4bn last year....
...The editorial team can be reached at techasia@nex.nikkei.co.jp....
...“They are getting ready to do some significant M&A,” said Daniel Ives at Wedbush Securities....
...“Over the next 24 months we really do need to see the development of the Vision Pro app ecosystem,” Morgan Stanley’s Woodring said....
...The Securities and Exchange Commission has approved the first US ETFs that will hold bitcoin....
...It had earlier walked away from its Citi Orient Securities investment banking joint venture in 2019, because Orient would not sell it a majority stake....
...According to securities filings that show Starboard holdings as of June, the firm owned more than $4mn of the company’s shares....
...Hacking Inc....
...ETFs are baskets of securities like mutual funds, but which trade on exchanges and enjoy preferential tax treatment in the US....
...Job moves Disney has appointed outgoing Morgan Stanley chief executive James Gorman and former Sky chief executive Jeremy Darroch to its board of directors....
...Chinese players now dominate global steel production and US Steel — once associated with the robber barons Andrew Carnegie and John Pierpont Morgan — has now been diminished as an American powerhouse....
...Those shareholders value Goldman shares at 1.1 times its book value while JP Morgan’s trade at 1.6 times. As markets stabilise and recover, deal fees and investment profits will rise once again....
...The other businesses included Nuveen Securities and Fifth Third Securities. Nuveen and Baird said they were pleased to have resolved the matter....
...Jerry Rizzieri, head of Mizuho Securities USA, told the Financial Times the acquisition would contribute to Mizuho’s goal “to be solidly inside the top 10 corporate investment banks within three years”,...
...Dojo is designed to process visual data that can lay the foundation for vision-based AI models such as robotics, healthcare and security....
...Yamaji left in 2013 to run the Osaka Securities Exchange. He then went on to head the Tokyo Commodity Exchange and later the Tokyo Stock Exchange....
...Deutsche Bank and a domestic company, Shanxi Securities....
...Morgan Stanley’s profits fell, while JPMorgan and UBS were the only foreign banks whose profits rose....
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