Stanley Sabatel Convicted in Luzerne County Drug Trafficking Case
HARRISBURG, PA – A jury has convicted Stanley Sabatel, the primary supplier in a Luzerne County drug trafficking organization, of multiple felony charges, announced Attorney General Michelle Henry on Wednesday. The conviction…
MUFG, Morgan Stanley to deepen alliance, merge some Japan operations
By Makiko Yamazaki TOKYO (Reuters) – Mitsubishi UFJ Financial Group (MUFG) and Morgan Stanley said on Tuesday they will deepen their 15-year old alliance by combining some operations at their Japanese brokerage…
Morgan Stanley hires healthcare services banker Cohen from Truist
By David Carnevali and Svea Herbst-Bayliss NEW YORK (Reuters) – Morgan Stanley has hired veteran investment banker Daniel Cohen from Truist Financial Corp, where he was the head of the firm’s healthcare…
Exclusive-Morgan Stanley board considers next CEO while Gorman clears the decks
By Lananh Nguyen NEW YORK (Reuters) – Morgan Stanley’s board will focus on the selection of CEO James Gorman’s successor at its summer and fall meetings, a person familiar with the situation…
Vodafone hires Morgan Stanley to weigh options for its Spanish unit – Expansion
MADRID (Reuters) – Britain telecoms company Vodafone has hired investment bank Morgan Stanley to evaluate the options for its Spanish unit, Spanish newspaper Expansion reported on Wednesday citing unidentified market sources. The…
Morgan Stanley CEO sees deals in asset management
NEW YORK (Reuters) – Morgan Stanley CEO James Gorman said the bank could look for more deals in asset management. “I could see us doing deals in asset management and being quite…
Morgan Stanley, JPMorgan turn bullish on emerging market local bonds
LONDON (Reuters) – Morgan Stanley has become the latest Wall Street bank to turn bullish on local emerging market bonds, though its strategists said they remained wary of developing economies’ currencies in…
Morgan Stanley expects trading, investment banking results to weaken
NEW YORK (Reuters) – Morgan Stanley expects to its revenue from trading and investment banking to slump in the second quarter given a more challenging economic environment, co-president Andy Saperstein told investors…
China allows Morgan Stanley to set up China futures unit
SHANGHAI (Reuters) – China’s securities regulator said on Friday it had allowed Morgan Stanley to set up a China futures company in Beijing, to implement the opening-up of the country’s futures market.…
Morgan Stanley to increase Paris staff to 500 by 2025
PARIS (Reuters) – Morgan Stanley’s plan to increase headcount in France by 200 by 2025 would bring its total staff in the country to 500, with the new Paris-based bankers mostly devoted…
Morgan Stanley in talks to resolve probes into block trading practices – filing
(Reuters) – Morgan Stanley is looking to resolve more than a year long investigation by U.S. regulators into its block trading practices, the Wall Street bank said in a filing on Tuesday.…
Morgan Stanley, Deutsche and others raise UK rate-hike forecasts
LONDON (Reuters) – A number of banks including Morgan Stanley and Deutsche Bank on Wednesday revised upward expectations for further UK interest rate hikes as a second straight day of data suggested…
Asia likely to grow 5% faster than developed economies by year-end – Morgan Stanley
(Reuters) – Asia’s economic growth could outpace developed countries’ by 5% by end-2023 driven by China’s easing of COVID-19 curbs, strong domestic demand and interest rates staying in less-restrictive territory, said Morgan…
Morgan Stanley raises 2023 euro area GDP growth forecast to 0.8%
(Reuters) – Morgan Stanley on Friday raised its 2023 euro area economic growth forecast by 20 basis points to 0.8% on the back of better-than-expected economic data. Morgan Stanley said the European…
U.S. banks should defend by boosting liquidity, curbing risk -Morgan Stanley
NEW YORK (Reuters) – U.S. banks should boost liquidity, tighten lending standards and boost balance sheet defenses after bank closures heightened concerns about systemic risks, Morgan Stanley analysts said on Monday. “Expect…
Morgan Stanley, BlackRock funds among those exposed to regional bank failures
By David Randall NEW YORK (Reuters) – Mutual funds managed by Morgan Stanley, Fidelity, and BlackRock appear to be among the most exposed to the collapse of Silicon Valley Bank and Signature…
Morgan Stanley lifts Ghana Eurobond ‘recovery’ value to $46 from $41
JOHANNESBURG (Reuters) -Investment bank Morgan Stanley has lifted the average “recovery value” for Ghana’s defaulted dollar-denominated government bonds to $46 from a previous forecast of $41 following the country’s deal to restructure…
Morgan Stanley appoints Aronovitch as Southeast Asia CEO – memo
By Anshuman Daga and Yantoultra Ngui SINGAPORE (Reuters) – Morgan Stanley has named David Aronovitch as its chief executive officer for Southeast Asia as part of its efforts to strengthen its franchise…
Morgan Stanley sees another 25-bps Fed hike in March after strong jobs report
NEW YORK (Reuters) – The Federal Reserve is likely to raise interest rates by another 25 basis points (bps) at the March policy meeting following a blockbuster U.S. non-farm payrolls report for…
German renewables firm PNE says Morgan Stanley no longer pursuing stake sale
BERLIN (Reuters) – Morgan Stanley’s infrastructure investment arm informed the board of German renewables firm PNE AG that it is no longer pursuing talks with potential buyers of Photon’s PNE stake, PNE…
Morgan Stanley lowers CEO Gorman’s 2022 compensation to $31.5 million
(Reuters) – Morgan Stanley Chief Executive Officer James Gorman’s total compensation for 2022 slipped 10% to $31.5 million, the bank said on Friday. Gorman’s total compensation will include an annual base salary…
Morgan Stanley promotes 184 executives to role of managing directors
(Reuters) – Morgan Stanley said on Wednesday it had promoted 184 executives to the role of managing directors, less than the 199 a year earlier, after a challenging 2022 for the investment…
Morgan Stanley comfortable on headcount, takes mark-to-market losses on Twitter
By Saeed Azhar NEW YORK (Reuters) – Morgan Stanley is comfortable with its headcount after recent action to reduce jobs in December, Chief Financial Officer Sharon Yeshaya told Reuters on Tuesday. “We’re…
Tight supply to support oil prices in H2, Morgan Stanley says
(Reuters) – Morgan Stanley expects the oil market to tighten during the third and fourth quarter of 2023, supported by a recovery in demand prompted by China reopening its borders among other…
Morgan Stanley bumps up China growth, stocks and yuan forecasts
By Marc Jones LONDON (Reuters) – Morgan Stanley has bumped up its China growth, stock market and yuan forecasts again, becoming the latest Wall Street heavyweight to do so as the country…
Morgan Stanley appoints two co-heads of Italian investment banking operations
MILAN (Reuters) – Morgan Stanley has named Emilio Greco and Nicola Savoini as co-heads of its Italian investment banking operations, it said on Monday. Greco joined the bank last year, after 20 years…
Breaking News
