Hints and tips:
...Goldman Sachs retained its leading position, followed by JPMorgan, Morgan Stanley and Bank of America. Citi was eighth, followed by European banks UBS and Barclays....
...Citi ranked fourth among global banks with a 16 per cent share of the overall M&A advisory business in 2022, behind Goldman Sachs, JPMorgan and Morgan Stanley, figures from Refinitiv show....
...The likes of Goldman Sachs and Morgan Stanley will be able to apply standard Wall Street practice to staff working in the UK, which will make London a slightly more convenient place to locate risk-takers...
...A mega-deal validates the Morgan Stanley boss ousted by John Mack Twenty years later, perhaps there is some vindication for Philip Purcell. On Wall Street, Purcell never really won acceptance....
...The firm’s two other founding partners are Simon Warshaw, the former head of investment banking at UBS, and former Morgan Stanley banker Philip Apostolides....
...Morgan Stanley had its own fair share of drama in the 2000s when John Mack left after a power struggle with Philip Purcell, only to return four years later to replace him....
...Bank of America, Johnson & Johnson and Morgan Stanley report earnings. Five more top stories 1....
...One big poach to start: Goldman Sachs’ global treasurer, Philip Berlinski, is leaving the bank after 24 years for New York-based hedge fund Millennium Management, according to two people familiar with the...
...That effort has helped to boost the stock, which has outperformed most rival banks under his tenure except for Morgan Stanley....
...Morgan Stanley cites Amara’s law (named after Roy Amara, a US scientist) which states that “we tend to overestimate the effect of a technology in the short run and underestimate the effect in the long run...
...Philip Augar is a former investment banker and the author of many articles and several books on the City and Wall Street....
...Mike Fries, chief executive of Liberty Global, told Morgan Stanley’s European TMT conference in November that the company was looking at “another six or seven” altnets in the M&A market....
...Two decades ago, Morgan Stanley was roiled by infighting during the turbulent leadership of Philip Purcell....
...Smart reads The toxic tycoon Mike Ashley, the retail tycoon behind Sports Direct, is suing Morgan Stanley over a $1bn trading row, The Sunday Times writes....
...Lowe told a Morgan Stanley conference in Sydney last week that he believed the bank’s monetary policy was working to reduce the impact of inflation....
...Equifax Q3, Hargreaves Lansdown Q1, London Stock Exchange Group trading update, L’Oréal Q3 sales update, Man Group trading statement, Marsh & McLennan Q3, Nestlé Q3 sales update, Nokia Q3, Pernod Ricard Q3, Philip...
...Analysts at Morgan Stanley in January calculated US households spent roughly 30 per cent of their $2.7tn “excess savings” in 2022, leaving a considerable buffer against inflation....
...The pharmacy group’s former CEO abruptly stepped down last month Results: Philips Q3 Tuesday IEA World Energy Outlook report Canada, EU, France, Germany, Italy, Japan, UK, US: S&P Global/Cips flash October...
...“You will get nothing out of the Americans but words,” was the caustic judgment of Britain’s interwar prime minister Stanley Baldwin....
...FT Cryptofinance is edited this week by Philip Stafford. Please send any thoughts and feedback to cryptofinance@ft.com....
...Here’s soon-to-be Fed vice-chair Philip Jefferson speaking on Wednesday: A decision to hold our policy rate constant at a coming meeting should not be interpreted to mean that we have reached the peak rate...
...Goldman, Morgan Stanley and bank diversification, redux Earlier this week we wrote about the big valuation gap between Goldman Sachs and Morgan Stanley....
...Philip Jefferson, the governor tapped to be the next vice-chair, was the most recent senior official this week to lay out this argument....
...Among its champions are Stanley Tucci, Sarah Jessica Parker, Oprah Winfrey and Chrissy Teigen....
...Analysts at Morgan Stanley said the data was turning recession fears into “fear of re-acceleration”....
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