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...Morgan Stanley said net income in the first quarter was $3.4bn, up from $3bn a year earlier, beating analysts’ estimates for $2.7bn, according to forecasts compiled by Bloomberg....
...John Paul RathboneThat is a key difference....
...Kelleher, a veteran of Morgan Stanley, will be watching if UBS can compete with his former bank and the industry leader in wealth management....
...Morgan Stanley has set a long-term goal of amassing more than $10tn in client assets. Morgan Stanley’s stock closed up 2.5 per cent on Tuesday....
...“Too many client relationships are [based on single] products and not necessarily priced in the right way,” Ermotti said at a Morgan Stanley event last week....
...Three more US regulators have opened investigations into how Morgan Stanley’s wealth management division handles potentially risky clients, according to a person familiar with the matter....
...In a proxy filing on Friday, Morgan Stanley said it was nominating Butler, 59, to its board during a shareholder vote at its annual general meeting on May 23....
...John Pattison Toronto, ON, US...
...John Hartley Venice, CA, US...
...Global co-operation is necessary to have a meaningful impact on CO₂ whatever its cause or effect....
...The OCC also reportedly sent Morgan Stanley a letter, flagging that additional attention was needed in customer due diligence....
...The bank’s upgrade follows its forecast last week that Brent crude prices will hit $90 a barrel by the third-quarter....
...It skips from brassy bombast to melodramatic arias to resonant choruses, working in cheeky homages to Philip Glass, John Williams and more as it goes....
...Shares in Chinese battery maker CATL rose as much as 14 per cent on Monday following a Morgan Stanley upgrade....
...In March 2011, Dior fired its star designer John Galliano when a shocking video surfaced of him at La Perle bar in Paris....
...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....
...Morgan Stanley declined to comment. When Gorman took the top job from John Mack in 2010, the group’s future was still uncertain following the 2008 financial crisis....
...This is the entirely recognisable set-up for John O’Farrell’s new comic novel — but with one twist....
...john.gapper@ft.com...
...Yes, it is a liberty, but it is one that lends the work potency and passion, and, as a programme note from historian Ashley Douglas observes, is not entirely without precedent....
...“I’m a victim of Morgan Stanley abuse,” Ashley said, adding that he made a “personal guarantee” to offer “everything” subject to an agreement that the bank would not make similar demands in future....
...Morgan Stanley is planning to cut hundreds of jobs at its wealth management business in the first major action under new chief executive Ted Pick, said a person familiar with the matter....
...“How to save organisations from their own HRM practices” might have been a better title. John D VarlaroChepachet, RI, US...
...Morgan has hosted TalkTV’s most-watched show since the channel launched two years ago, striking a three-year deal reportedly worth £50mn....
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