Hints and tips:
...Morgan Stanley claimed it did not know who stood behind the trades when it made the margin call....
...Frasers is suing Morgan Stanley for about €50mn over claims the investment bank forced the retailer out of its Hugo Boss derivative trades in part because insiders at Morgan Stanley’s London office looked...
...Morgan Stanley has stated that it did not know who stood behind the trades when it made the margin call....
...In the current litigation, Frasers said Morgan Stanley rejected it as a client in April 2021 and alleged this was because Simon Smith, global co-head of the investment banking division at Morgan Stanley,...
...To Gray, Mechanic’s “superpower” is his credibility among the industry’s various tribes, especially when things turn nasty....
...Blackstone president Jonathan Gray warned this week that it would take time for firms to return cash to investors, as the sector continues to sit on record amounts of unsold assets....
...The star is Taylor Stanley, who embodies these choreographic contradictions with throwaway brilliance....
...Last year, Morgan Stanley chose to award the same bonus to three candidates even though only one took the top job....
...He’s also gotten to know the firm’s president, Jonathan Gray....
...Later at the event, Jon Gray, president of Blackstone, which has a large private lending arm, also defended the industry....
...He gained prominence during over two decades time as a strategist at Morgan Stanley before joining the now-defunct hedge fund Pequot Capital in 2005....
...Its $155bn market capitalisation is also larger than Morgan Stanley or Goldman Sachs....
...Ayache joins from Morgan Stanley, where he spent more than 30 years advising large French companies. Centerview Partners has hired Gordon Kroft as a partner in New York....
...She joins from Ropes & Gray....
...Morgan Stanley chief financial officer Sharon Yeshaya also told analysts this week that the bank expected to benefit from a backlog of deals....
...And Jon Gray, president of Blackstone, coined the “golden moment” description of conditions in private capital early this year....
...Bruna Skarica, economist at Morgan Stanley, said: “It has been easier for companies to pass through price increases to consumers in the US”, where demand is stronger....
...Colgate-Palmolive’s gross margin narrowed from 58.5 per cent a year ago to 56.9 per cent, although chief financial officer Stanley Sutula predicted it would improve in the months ahead....
...Morgan Stanley analysts wrote in a report this week that if such moves failed to deliver “meaningful” profits in streaming, the companies would be forced either to “give up” or consolidate....
...Gray made his name via Blackstone’s property arm and emphasised how broadly real estate investments were held....
...The hottest deal of the summer: loan portfolios Back in April, Blackstone president Jonathan Gray heralded a “golden moment” for private credit as US regional banks pulled back on lending....
...Blackstone’s leaders Stephen Schwarzman and Jonathan Gray have been tantalised by the opportunity to sell Blackstone products to “retail” investors with almost no exposure to private markets....
...As Blackstone president Jonathan Gray said earlier this year, this is a “golden moment” for the fast-growing industry....
...New York-headquartered firm Proskauer Rose already said in June that it would close its mainland China office, while Ropes & Gray is “shifting some of its China-based resources to Hong Kong”....
...In October, Republican state attorneys-general demanded that Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley and Wells Fargo turn over information about their involvement in the...
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