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...The public verdict, published this month, does not name the bank. But four people with direct knowledge of the case told the Financial Times that it was Morgan Stanley....
...The son of an Australian melon farmer, Greensill arrived in the UK in 2001, and worked at investment banks Morgan Stanley and Citigroup before establishing Greensill Capital a decade later....
...“It’s a very, very complex case. We will consider Mr Justice Colton’s findings very, very carefully,” he said....
...The bank in January agreed to pay $249mn to settle the case that looked at whether it leaked confidential information to clients. Additional reporting by Claire Jones, Stephen Gandel and Stefania Palma...
...Ashley was also questioned about text messages he deleted that Morgan Stanley argued might be relevant to the case....
...(JP Morgan first entered his collies in Westminster in 1893.)...
...A market abuse case like this relies on circumstantial evidence....
...More news on US banks: The largest US banks lent billions of dollars less in the first quarter, in a sign that corporate borrowers are paying down debt as interest rates hover at historically high levels...
...Increased reliance on wholesale markets chokes off “a key differentiator amongst banks, the ability not to pass through a high rate on deposits”, Morgan Stanley says....
...Whatever the merits of the case, the trial hearing will continue . . ....
...Morgan Stanley said in May it was in talks about settling the case....
...The US has eight G-SIBs: JPMorgan, Citigroup, Bank of America, Goldman Sachs, Morgan Stanley, Bank of New York Mellon, State Street and Wells Fargo....
...Jane Street’s dominance in the fast-growing and huge exchange traded funds market is a case study of banks not focusing enough on adjacent markets and doing too little, too late....
...Such a scene still only plays out in the fringes of the World Economic Forum in Davos, in this case at a nightcap hosted by Bank of America and its chief executive Brian Moynihan....
...Ceci n’est pas une outlook report, says Man Group. Bonds! Bonds! Bonds! says Pimco....
...Morgan Stanley disputed the banker’s claims in the hearing and denied he had a token title. But the case was a bracing reminder of how fraught the apparently trifling matter of a job title can be....
...The retailer has asked the US court to compel Gorman, who is not a defendant in the UK case or set to give evidence, to reveal what he knew about the bank’s thinking at the time it made the margin call....
...When these stocks suddenly plummeted, the fund’s financial strength suffered a blow, while PBs’ exposure to the fund surged, exacerbated by leverage — a case of WWR....
...White & Case has hired M&A and private equity partner Sten Olsson in Helsinki. He joins from Hannes Snellman....
...[MUSIC PLAYING] A federal investigation into Morgan Stanley just got a lot bigger. And new regulations could force billions of dollars out of prime money market funds....
...The bank disputes the claim, but analysts suspect there are other such cases among global investment banks....
...Lawyers in the case believe it is the first time a European bank has been sued under the Racketeer Influenced and Corrupt Organizations Act — more commonly known as Rico....
...Some of the world’s biggest banks — Morgan Stanley, Wells Fargo and Bank of America — are all reportedly lining up to get involved in bitcoin, too....
...JPMorgan, Goldman Sachs, Morgan Stanley and UBS declined to comment, as did Bank of America....
...Morgan Housel And one of the things about it is that that used to be the case not even that long ago....
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