Morgan Stanley accused of duping EU regulators to comply with post-Brexit rules February 18, 2024 Morgan Stanley has been accused of making up a fake job title for one of its employees in an attempt to trick EU regulators into believing it had moved top execs to Europe to meet post-Brexit rules.
Investment banks cut job vacancies in half as dealmaking slump hits recruitment and bonuses February 12, 2024 Major investment banks have cut their number of UK job vacancies in half over the last year as a dealmaking slump puts a strain on recruitment and bonuses.
New Morgan Stanley boss Ted Pick ‘super bullish’ on long-term targets January 18, 2024 The new chief executive of Morgan Stanley, Ted Pick, has said he is "super bullish" on the US investment banking giant's financial targets and predicts an end to the slowdown in dealmaking once interest rates fall.
Morgan Stanley: Profit hit by $500m in one-time charges but investment bank shines January 16, 2024 Morgan Stanley's profit missed analysts' estimates in the fourth quarter as it was hit by more than $500m (£395m) in one-time charges which offset a stronger performance from its flagship investment bank.
Bad debt and high interest rates set to drag on US banks’ earnings January 8, 2024 Lenders are rebounding from share price dips in October as the US economy shows signs of resilience and the central bank pencils in multiple rate cuts this year.
Who is Morgan Stanley’s new CEO Ted Pick? October 26, 2023 Here’s what you need to know about Morgan Stanley's new CEO Ted Pick and what he faces in his new role.
Morgan Stanley: Ted Pick wins race to replace long-time chief James Gorman at Wall Street bank October 26, 2023 Morgan Stanley’s Ted Pick won the race to succeed long-time CEO James Gorman and promised to stick to the blue chip Wall Street firm’s strategy as it navigates a deal-making slump and uncertain economic outlook. The investment bank said Gorman, who has held the top job since 2010 and steered the bank in the aftermath of the [...]
US banks flag concerns over commercial real estate as debt distress reaches highest level in a decade October 19, 2023 The largest lenders in the US have been building their loss provisions in case loans to the commercial real estate sector turn sour over the coming months.
Morgan Stanley profit dips as struggles with investment banking slowdown continues October 18, 2023 Morgan Stanley reported a fall in profit as an increase in bad loan provisions and a higher wage bill offset a strong performance from the bank's wealth management arm.
Morgan Stanley locked in secret London court battle to seize Russian oil firm October 18, 2023 Morgan Stanley is locked in a secret London court battle as part of an attempt to seize ownership of an oil firm in southern Russia on behalf of a group of Russian lenders, Morning Wire has learned.