Lloyds shares sale: Morgan Stanley takes £1 fee for bank sell-off December 17, 2014 The government is to drip-feed Lloyds shares to the market over the coming six months, cutting its stake in the bailed-out bank bit-by-bit ahead of the election. As much as £3bn of shares could be sold under the scheme. The investment bankers who are handling the sale could normally expect to make millions of pounds from [...]
Morgan Stanley set to shell out more bonuses upfront December 6, 2014 The good time are back for finance giant Morgan Stanley which has announced it will doling out more its bonuses to employees upfront thanks to the company's healthy condition. The move aligns Morgan Stanley with many of its competitors and will raise its fourth quarter compensation by around $1.2bn. The investment bank said that 50 [...]
Earnings season: Morgan Stanley bankers set for bigger bonuses, while Citigroup and JP Morgan traders face drop October 12, 2014 Third quarter earnings season is here and the fun on Wall Street is about to begin. Morgan Stanley's bankers look set for the biggest bonus payouts on Wall Street this year, while JP Morgan and Citigroup bonus traders may be less fortunate. According to estimates seen by Bloomberg, Morgan Stanley "probably had the biggest increase [...]
Is Morgan Stanley right that the car industry as we know it is about to die? October 8, 2014 Stian Westlake, executive director of research at Nesta, says Yes. Car-sharing services already make it possible to rent a car for days, or even hours. And within five years, Google expects to be selling vehicles that can drive themselves. You can see where this is heading: if you can rent a car whenever you need [...]
Goldman Sachs and Morgan Stanley facing dark pool investigations August 8, 2014 Investment banks Goldman Sachs and Morgan Stanley yesterday admitted that US regulators were investigating their alternative trading systems, known as dark pools. The private exchanges have come under regulatory fire in recent months, with Goldman being fined for failing to give clients the best deal on trades, and Barclays fighting accusations it lied to clients. [...]
Strong markets double Morgan Stanley’s profit July 17, 2014 INVESTMENT bank Morgan Stanley more than doubled its profits as stock markets soared and clients sent more work the bank’s way, it said yesterday. Profits came in at $1.86bn (£1.1bn) for the three months to 30 June, up 131 per cent on the same period of 2013. By division, the biggest jump came in institutional [...]
How Morgan Stanley more than doubled its profit since last year July 17, 2014 Morgan Stanley has beaten both analyst expectations and its main competitors as its second quarter results showed a huge surge in profits – 132 per cent – compared to the same period last year. Citigroup, JP Morgan Chase and Bank of America all recorded lower second-quarter profits, but Morgan Stanley's was up on the first [...]
Top Morgan Stanley economist says Yo to a bizarre new app June 23, 2014 Yo, the new app that raised $1.2m (£705,000) for its simple one-word communication platform last week, got an endorsement from a surprising source yesterday. The app allows users to send each other only one message – the word “YO”, and was championed by Morgan Stanley global chief economist Joachim Fels. “When I first read about [...]
Morgan Stanley emails exposed in bid battle June 16, 2014 THE dark arts of investment banking were brutally exposed yesterday as Allergan, the US healthcare group fighting off a $53bn (£31.2bn) hostile bid from a rival Valeant Pharmaceuticals, released emails designed to embarrass Morgan Stanley, the US investment bank that is now advising its unwanted suitor. The emails show that just a few weeks ago, [...]
Here’s what Morgan Stanley thinks ECB QE might look like May 12, 2014 It's clear that the European Central Bank knows it has a disinflationary problem. Today, a global investor poll conducted by Bloomberg finds that 74 per cent of participants see deflation as a greater risk to the region than inflation. While headline Eurozone inflation remains positive, that aggregate measure masks the member states already suffering from [...]