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...Altice announced it November it had agreed to sell a majority stake in its French data centre unit to Morgan Stanley, and has also been looking to dispose of online video advertising company Teads....
...Additional reporting by Owen Walker and Ian Smith in London...
...The Swiss lender trades at about 1.2 times tangible book value, compared with about two times for Morgan Stanley; both banks have large wealth management operations....
...Citigroup cut 5,000 jobs, Morgan Stanley shed 4,800, Bank of America 4,000, Goldman Sachs 3,200 and JPMorgan Chase 1,000. Collectively, the big Wall Street banks cut at least 30,000 staff in 2023....
...“I think it’s clear that [regulators] did not follow due process in the quantitative impact study and feasibility studies and so on,” said Kelleher, who was previously an executive at Morgan Stanley before...
...By Wednesday, the bank had hired Morgan Stanley as it sought to raise up to £600mn to bolster its balance sheet....
...The decision to bring in Morgan Stanley veterans Kelleher as chair and Naureen Hassan as head of the Americas business was no coincidence....
Deal follows move by Swiss bank to renegotiate terms of original sale of a business owned by Credit Suisse
Proxy adviser ISS raises threat of potential revolt at Spanish lender’s AGM
...Last year JPMorgan chief executive Jamie Dimon was paid $36mn, Goldman Sachs chief executive David Solomon was paid $31mn and outgoing Morgan Stanley chief executive James Gorman received $37mn....
...The US has eight G-SIBs: JPMorgan, Citigroup, Bank of America, Goldman Sachs, Morgan Stanley, Bank of New York Mellon, State Street and Wells Fargo....
...Last week, Wall Street heavyweights Goldman Sachs, JPMorgan Chase and Morgan Stanley all disclosed pay rises for their chief executives....
...Morgan Stanley’s recently departed CEO James Gorman said last year that employees “don’t get to choose their compensation, they don’t get to choose their promotion, they don’t get to choose to stay home...
...Bank of America, Barclays, Citigroup, Jump Trading, JPMorgan Chase, Morgan Stanley, Tower Research Capital and Wells Fargo are also investing in FMX....
...Mentioned in this podcast: Donald Trump has $4.6bn stake in social media group after market debut Visa and Mastercard agree $30bn settlement over US transaction fees Can UBS become Europe’s Morgan Stanley...
Sovereign wealth fund makes move amid pressure on bank to improve its performance
...Morgan Stanley declined to comment....
...“Morgan Stanley was a bloodless coup — I would love to get to the stage in future where UBS could run the same playbook . . . with a number of credible candidates,” he said....
...Kelleher, a veteran of Morgan Stanley, will be watching if UBS can compete with his former bank and the industry leader in wealth management....
...He said he would like to replicate the process at his former employer Morgan Stanley, which earlier this year had at least three internal contenders to succeed outgoing chief executive James Gorman....
...In the 1990s, the pair merged with the posh Morgan Stanley....
...IFR reports that Morgan Stanley is currently marketing its Morgan Stanley Direct Lending Fund at the moment — eyeing a pricing next Tuesday — while Nuveen Churchill Direct Lending Corp is likely too list...
...I said this to the staff of the SEC and to Gensler, which is you think that Schwab, Fidelity, Vanguard, Morgan Stanley, E-TRADE, they need to be told where to send their retail orders, like they don’t have...
...The Spanish lender hired Morgan Stanley M&A banker David Luwisch, former Jefferies industrials banker David Bradley and former Bank of America financial sponsors banker Andrew Greenwald....
...Glass Lewis instead urged shareholders to vote for the current board alongside two new directors put forward by Disney in November — outgoing Morgan Stanley chair and chief executive James Gorman and Sir...
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