Hints and tips:
...Morgan’s successor, Liz McKeown, now faces an uphill battle to repair the damage....
...Sly Bailey, the company’s former chief executive, and Paul Vickers, ex-group legal director, “turned a blind eye to what was going on, and positively concealed it,” Fancourt said....
...Morgan Stanley first-quarter profits rose 14 per cent to $4.3bn, thanks to strong performances in trading and wealth management....
...In 2015, Darling joined the board of Morgan Stanley, the US investment bank, and took up a seat in the House of Lords. He retired from the upper house in 2020....
...But for Michael Kushma, chief investment officer of broad markets fixed income at Morgan Stanley, “the Fed has switched its focus from inflation to growth”....
...There’s a growing demand for such services, according to Edward de Mallet Morgan, partner and head of international super prime sales at estate agency Knight Frank, who says that the number of his buyers...
...For this edition, email me at alastair.bailey@ft.com or if you received this email in your inbox just hit reply. Jonathan will be back next week....
...Less than four months ago, Hunt and Bank of England governor Andrew Bailey called for pay restraint at the City’s Mansion House dinner....
...“I don’t think that any of them are ready to put up a banner that says ‘mission accomplished,’” says Seth Carpenter, who previously worked at the Treasury department and the Fed and now at Morgan Stanley...
...Freight rates have not yet risen enough to affect consumer prices but that could change, as Bank of England governor Andrew Bailey told MPs this week....
...The path of core inflation is, however, uncertain and other economists, such as Bruna Skarica, UK economist at Morgan Stanley, expect it to edge down to 6.1 per cent in April....
...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...
...But if this is to change we would expect some clearer signalling from Bailey....
...BoE governor Andrew Bailey is also in the spotlight over the central bank’s performance in controlling inflation....
...The hiatus hurts US M&A boutiques including Evercore, Lazard and Moelis more than bulge bracket houses such as Morgan Stanley and Goldman Sachs....
...Bailey also urged businesses to assume lower inflation when setting prices....
...Passing sentence at the Old Bailey in London, Mr Justice Mark Wall told Smith: “You committed these crimes intending to assist Russia, a state which at that time, as now, was regarded as unfriendly to the...
...The World of Work Goldman Sachs and Morgan Stanley are among US companies offering British employees medical services on site....
...Before that he was head of risk management at the University of California, Bridgewater, Salomon Brothers and Morgan Stanley....
...Whether directed at the bank, the government or both, a warning from Morgan Stanley that “having daily ‘temporary’ announcements does not help the market” appears ex post facto....
...lang=en-GB On the MPC, Governor Andrew Bailey occupies a roughly similar role — all the parts are basically equal, but Bailey “happen to be the head”....
...Morgan Stanley CEO contender to depart Morgan Stanley chief operating officer Jonathan Pruzan, a leading contender to become the bank’s next chief executive, has decided to leave at the end of this month...
...Andrew Bailey stands triumphant, a man vindicated in his stalwart and stern independence, a veritable hobgoblin amid mere goblins....
...Writing at the end of last week, Morgan Stanley analysts reckoned even that new, Hallowe’en start date now looks shaky: While the BoE looks committed to active sales at some point, the risks are clearly...
...Across the Atlantic, Bank of England chief Andrew Bailey said there was “more optimism” about an “easier path” out of the current inflation crisis thanks to falling energy prices....
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