Hints and tips:
...But the message from the Morgan Library (originally the personal collection of Wall Street financier John Pierpont Morgan) is worth pondering today....
...“Everyone has lost sight of the final objective, which is a European programme,” warned Pierre Lionnet, director of research at trade body Eurospace....
...The €1.5bn fundraising confirmed a story by the FT in April that H2GS was working with bankers at Morgan Stanley to raise fresh equity....
...Last October, WWD reported Tory Burch was exploring strategic options with Morgan Stanley and possibly preparing for an initial public offering....
...“Very wealthy people expect very VIP treatment,” says Pierre Jéronimo with a wry laugh. “But the problem now is that there are a lot of VIPs.”...
...News round-up Morgan Stanley board considers next CEO while Gorman clears the decks (Reuters) Casino shares tumble on debt-to-equity conversion plan (FT) Colombian tycoon and Abu Dhabi’s Sheikh Tahnoon...
...Morgan Stanley did, however, plough ahead in one department: wealth management....
...He is part of a wave of former top bankers to launch Spacs including former Citigroup executive Michael Klein and UniCredit chief Jean Pierre Mustier....
...In April, a blank cheque company created by LVMH chief executive Bernard Arnault and former UniCredit chief Jean Pierre Mustier to invest in European financial companies raised €500m in its Amsterdam listing...
...“Citadel are very strong in gas and power,” said Pierre Andurand, founder of hedge fund Andurand Capital and one of the world’s top energy traders. “They do a lot of work on supply and demand....
...“Where there is room for discussion is if there is too much consensus,” Pierre Wunsch, head of Belgium’s central bank, tells the FT. “I think it removes relevant information from the market.”...
...“The rich remain rich, even in a recession,” says Pierre Mallevays, a partner at Stanhope Capital....
...“The worst of the slowdown is ahead of us, not behind us,” said Seth Carpenter, chief global economist at US bank Morgan Stanley....
...Higher prices and financing costs have lifted the average monthly car payment in the US by about a quarter over the past two years, to nearly $700, according to Adam Jonas, an analyst at Morgan Stanley....
...The new world (dis)order was described by Pierre-Olivier Gourinchas, IMF chief economist, in an interview with the FT....
...Buyers have been looking at nearby Lacanau as an affordable alternative, suggests Morgan Mutch of Maxwell-Baynes....
...They were net buyers of North American equities on Tuesday, according to a note sent to clients by Morgan Stanley’s prime brokerage unit....
...Bluebell’s demands include replacing its combative longtime chair Pierre-André de Chalendar, a move that has already faced pushback, heralding what could turn into a meatier governance tussle, the FT’s Sarah...
...UBS conducted a wide external search for Weber’s replacement, with former head of the Swiss National Bank, Philipp Hildebrand, and ex-UniCredit chief Jean Pierre Mustier linked to the role....
...The new world (dis)order was described by Pierre-Olivier Gourinchas, IMF chief economist, in an interview with the Financial Times....
...“Leverage is extremely efficient if it is used properly,” Pierre-Antoine de Selancy, managing partner of 17Capital, told the FT....
...When John Pierpont Morgan was asked what markets would do, the American financier is said to have replied “they will fluctuate”....
...The Enlightenment naturalist Pierre Daubenton wrote that good pears were “infinitely superior to the finest apples”....
...As US asset managers strain to prove that big is better, Jean Pierre Mustier, one of Europe’s best-known bankers, believes competitors on the continent are better off leaving that mantra to Americans....
...The booming $7.4tn private capital industry is forecast by Morgan Stanley to grow to $13tn by the end of 2025....
International Edition