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...The banker joined Morgan Stanley in Frankfurt in April 2021 on a salary of €375,000 plus bonus....
...After becoming a senior partner at McKinsey and a stint at Merrill Lynch, he joined Morgan Stanley in 2006 and succeeded John Mack as chief executive just four years later....
...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....
...The OCC also reportedly sent Morgan Stanley a letter, flagging that additional attention was needed in customer due diligence....
...The results highlighted the ability of Morgan Stanley’s wealth management business, which has been a driver of the bank’s growth in recent years, to add new client assets on a large scale....
...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....
...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....
...The bank’s upgrade follows its forecast last week that Brent crude prices will hit $90 a barrel by the third-quarter....
...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....
...“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....
...Kelleher, a veteran of Morgan Stanley, will be watching if UBS can compete with his former bank and the industry leader in wealth management....
...Shares in Chinese battery maker CATL rose as much as 14 per cent on Monday following a Morgan Stanley upgrade....
...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....
...Yet in the US wealth market, UBS is far behind industry leader Morgan Stanley and also trails Wall Street rivals Bank of America and JPMorgan....
...Morgan Stanley imposed a $1bn margin call “without warning” in May 2021, leading Saxo Bank in turn to demand $900mn from Frasers....
...Morgan Stanley paid James Gorman $37mn in 2023 for his final 12 months as chief executive of the Wall Street firm, a 17.5 per cent increase despite the bank reporting lower profits last year....
...Morgan Stanley paid James Gorman $37mn in 2023 for his final 12 months as chief executive of the Wall Street bank, a 17.5 per cent increase from the prior year despite the bank’s lower profits....
...In a note to clients on Tuesday, Konrad downgraded Morgan Stanley’s stock to “market perform”....
...Morgan Stanley profits fell by almost one-third in the final quarter of last year, a bigger than expected drop brought on in part by rising costs in its wealth management unit....
...According to the SEC, in June 2018 Morgan Stanley was invited along with other banks to bid for a block of Medpace shares to be sold by private equity firm Cinven (“Selling Shareholder A” in its report,...
...Morgan Stanley profits fell by almost a third in the fourth quarter, as expenses rose 9 per cent, driven by in part by a variety of one-time charges including a legal settlement related to its trading business...
...— well placed to benefit as affordability improves, Morgan Stanley said....
...Shares in Goldman rose 0.7 per cent on Tuesday, while those of Morgan Stanley fell 4.2 per cent....
...The retailer has claimed that the evidence suggests Morgan Stanley’s “erratic behaviour” was “at least partly the result of snobbery”, and that the bank rejected it as an investment banking client in April...
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