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...Morgan Stanley is appealing against the verdict. The bank, the ECB and the banker declined to comment....
...The high-profile failures of three regional US banks this year — Silicon Valley Bank, Signature Bank and First Republic — were “entirely their own doing”, he said....
...CICC was established in 1995 as a joint venture between Morgan Stanley and China Construction Bank, with a mandate to serve mainland Chinese and international markets....
..., Goldman Sachs, Morgan Stanley, Bank of America and Citigroup....
...The litigation related to a $1bn margin call Morgan Stanley made to cover derivative positions in fashion group Hugo Boss that the UK retailer held via its broker Saxo Bank, which in turn used the bank for...
...The business, which has been central to the bank’s growth in recent years, was already in the sights of the Federal Reserve over money laundering controls....
...profits at the bank rose 14 per cent....
...The district’s office towers, which attracted banks including Morgan Stanley when the area was first developed, have become less popular with some tenants as working patterns have shifted since the Covid...
...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...
...The bank’s upgrade follows its forecast last week that Brent crude prices will hit $90 a barrel by the third-quarter....
...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....
...Kelleher, a veteran of Morgan Stanley, will be watching if UBS can compete with his former bank and the industry leader in wealth management....
...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....
...The perennial rivalry between Morgan Stanley and Goldman Sachs is getting more competitive in the eyes of investors, as the investment banks’ stock market values converge to the narrowest gap in more than...
...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....
...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....
...The bank said it had increased discretionary pay for its dealmakers despite the investment bank’s lacklustre results....
...But eight years later, as the Italians annexed Albania, he fled into exile taking with him most of the gold in the vaults of the Bank of Tirana and Durrës....
...Net income at the bank fell 24 per cent in 2023 to $8.5bn....
...— well placed to benefit as affordability improves, Morgan Stanley said....
...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....
...Restoring the investment bank Restoring Morgan Stanley’s investment bank to its former glory, something Pick struggled to achieve during five years in charge of the division, is another difficult task....
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