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…
Morgan Stanley sees Brent crude oil back at around $110/bbl by mid-2023
(Reuters) – Morgan Stanley on Wednesday said it expects Brent crude oil prices to rally to around $110 per barrel level by mid-2023, citing support from rising demand and continued supply tightness.…
Morgan Stanley IM launches $1 billion climate-focused private equity strategy
By Virginia Furness LONDON (Reuters) – Morgan Stanley Investment Management said on Monday it had launched a new $1 billion private equity strategy to invest in companies which will remove 1 gigaton…
Morgan Stanley international head Petitgas to step down, stay as adviser
By Manya Saini and Saeed Azhar (Reuters) – Veteran Morgan Stanley executive Franck Petitgas will step down from his role as the bank’s international head and stay on as a senior adviser…
Morgan Stanley sees 150 bps BoE rate cuts in 2024
MILAN (Reuters) – Morgan Stanley expects the Bank of England (BoE) to cut interest rates by 150 basis points in 2024 after stopping its tightening cycle in March of next year. “The…
U.S. may skirt recession in 2023, Europe not so lucky-Morgan Stanley
By Kevin Buckland TOKYO (Reuters) – Britain and the euro zone economies are likely to tip into recession next year, Morgan Stanley said, but the United States might make a narrow escape…
Morgan Stanley says it is engaged with UK regulator on anti-competition probe
NEW YORK (Reuters) – Morgan Stanley said on Thursday it is engaging with the UK Competition and Markets Authority’s probe into suspected anti-competitive practices in financial services. Regulators are looking into “the…
Moelis hires former Morgan Stanley bankers for healthcare dealmaking
By David Carnevali NEW YORK (Reuters) – Moelis & Co. has hired two former Morgan Stanley bankers, Arek Kurkciyan and Dennis Crandall, as managing directors to help drive dealmaking in the life…
Credit Suisse taps RBC, Morgan Stanley for capital increase -Bloomberg News
(Reuters) -Credit Suisse Group AG is working with banks including Royal Bank of Canada (RBC) and Morgan Stanley on a potential capital increase, should it need to shore up its balance sheet…
Morgan Stanley appoints Badalia as Southeast Asia M&A head
SINGAPORE (Reuters) – Morgan Stanley has named Rikhit Badalia, a member of its Asia Pacific mergers and acquisitions team, as the M&A head for Southeast Asia with immediate effect, according to a…
Morgan Stanley sees 12% CAGR for private capital market over next five years
(Refiles to remove extraneous text in paragraph 2) (Reuters) – Private capital market is set to grow at a 12% annual rate on a compounded basis to $17 trillion in assets under…
Morgan Stanley sees tighter oil market ahead, ups Q1 forecasts
(Reuters) – Morgan Stanley raised its oil price forecast for the first quarter of 2023, and predicted tight supply going forward due to a steep output cut agreed by OPEC+ producers coupled…
Stanley Black & Decker cuts about 1,000 finance jobs – WSJ
(Reuters) – Power tools maker Stanley Black & Decker has cut 1,000 finance roles this week in an effort to trim costs, the Wall Street Journal reported on Friday citing people familiar…
Japan’s Stanley Electric signs capital alliance agreement with Honda
TOKYO (Reuters) – Japan’s Stanley Electric has signed a capital and business alliance with Honda Motor Co to facilitate next-generation technologies for vehicles, it said on Tuesday. Stanley Electric will transfer 7.5…
U.S. dollar strength creating ‘untenable’ situation that risks financial crisis -Morgan Stanley
NEW YORK (Reuters) – The recent rally in the U.S. dollar is creating an “untenable situation” for riskier assets that could end in a financial or economic crisis, strategists at Morgan Stanley…
Morgan Stanley says rise in interest rates hurts mortgage demand
(Reuters) – Morgan Stanley has seen moderation in loan growth and a lower mortgage demand due to rising interest rates, co-President Andrew Saperstein said in a conference on Tuesday. Decades-high inflation has…
Rockefeller Capital hires former Morgan Stanley executive Eric Heaton
(Reuters) – Rockefeller Capital Management said on Tuesday Eric Heaton, former president of Morgan Stanley U.S. banks, had joined the financial services firm as head of strategy. Heaton will be a member…
India 10-year bond a good bet for long position – Morgan Stanley
MUMBAI (Reuters) – Morgan Stanley sees a “good chance” of JPMorgan including Indian government bonds in its index, and recommended going long on the 10-year benchmark bond yield. “We now believe that…
Morgan Stanley orders internal lawyer to supervise block trading desk- FT
(Reuters) – Morgan Stanley has appointed an internal lawyer to shadow a unit of the bank subject to a federal probe into block trading, the Financial Times reported on Tuesday, citing people…
S.Korea inspecting stock short-selling, starting with Morgan Stanley
SEOUL (Reuters) – South Korea’s financial regulator has launched an inspection into short selling of shares by major brokerages and branches of foreign firms as part of efforts to tighten supervision on…
Morgan Stanley makes big bet on meme-stock Revlon
By David Randall NEW YORK – Shares of bankrupt cosmetics company Revlon Inc soared nearly 27% on Monday after asset manager Morgan Stanley revealed in a filing that it purchased 400,650 shares…
India could emerge as Asia’s strongest economy in 2022-23, says Morgan Stanley
(Reuters) – India could emerge as Asia’s strongest economy in 2022-2023 as it is best-positioned to generate robust domestic demand, helped by economic policy reforms, a young workforce and business investments, Morgan…
Morgan Stanley expands listed FX offering with Eurex trading
By Lucy Raitano LONDON – Morgan Stanley has expanded its presence in the growing listed foreign exchange derivatives space, announcing it is offering clients the option to trade listed FX through the…
Morgan Stanley names new co-heads of investment banking – memo
By Saeed Azhar NEW YORK – Morgan Stanley has named Eli Gross and Simon Smith as the new global co-heads of investment banking, as part of a leadership shakeup at the top…
Morgan Stanley will cover U.S. employees’ travel for abortion services -source
NEW YORK – Morgan Stanley joined other large U.S. banks expanding its healthcare coverage to include travel costs for employees seeking abortion services if they are not locally available, according to a…
Taiwan pension fund awards $2.3 billion ESG mandate to HSBC, Morgan Stanley, 3 others
By Selena Li HONG KONG – The fund management arms of HSBC and Morgan Stanley were among three others to win a mandate from Taiwan’s largest pension manager to run Asia’s first…
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