Morgan Stanley sails past estimates as investment banking rebound boosts profit Banking Morgan Stanley's profit has been lifted by a recovery in investment banking as the firm joins fellow Wall Street giants in benefitting from a rebound in dealmaking and capital markets activity.
As Morgan Stanley commits to Canary Wharf is the hub turning a corner? Property Morgan Stanley has agreed to stay in Canary Wharf for another 14 years, in a welcomed boost for the east-London banking district following a string of high profile departures.
Thames Water: Rishi Sunak advisor parachuted into collapse contingency talks UK Politics Rishi Sunak has reportedly tasked his business adviser with overseeing talks regarding the Thames Water crisis amid risk of collapse.
Morgan Stanley to stay in Canary Wharf in boost to struggling banking district March 10, 2024 Morgan Stanley has decided to retain its flagship Canary Wharf office in a major boost for the struggling financial district.
Distressed commercial real estate debt outweighs reserves at six biggest US banks February 20, 2024 Commercial real estate has been an area of concern in the US for the last few years with the pandemic and the rise of flexible working denting office valuations.
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.