Morgan Stanley: Bank of England to cut interest rates five times in 2025 January 28, 2025 The US investment bank slashed its growth forecasts on Monday, citing both the lingering impact of the Bank's monetary tightening and the fallout from the Budget.
Davos: Reeves to meet Trump allies in search for UK growth January 20, 2025 Rachel Reeves is expected to meet Donald Trump’s allies at Davos in a bid to talk up the UK’s growth prospects. The Chancellor is set to attend the World Economic Forum in Switzerland in the days following the US President’s inauguration and in the wake of turmoil in the UK bond markets. It follows a [...]
Wise: Fintech’s customers surge on back of payment deals boom January 16, 2025 Customers at fintech platform Wise have jumped 20 per cent over the last year as the firm continues to make deals with top financial clients. In a quarterly trading update, the money transfer firm revealed that cross border volumes had surged 24 per cent, or 27 per cent on a constant currency basis, to £37.8bn. Meanwhile, [...]
Morgan Stanley the latest US bank to flee climate coalition ahead of Trump return January 3, 2025 A slew of US banks have exited a climate coalition in the days leading up to Donald Trump’s presidential inauguration. Yesterday evening, Morgan Stanley became the latest US bank to depart from the Net Zero Banking Alliance, as pressure increasingly mounted on financial institutions from Republican lawmakers. Despite leaving the alliance, Morgan Stanley said in [...]
Wise shares bounce on ‘milestone’ Morgan Stanley payments deal December 17, 2024 Shares in Wise have jumped this afternoon after the London-listed fintech firm announced a “milestone” deal to handle foreign exchange payments for Morgan Stanley’s corporate clients. The money transfer firm said Morgan Stanley will become the first major investment bank to offer “high speed cross border” payments through its platform business, which provides payments infrastructure [...]
Rightmove speaking to UBS and Morgan Stanley after REA takeover interest September 3, 2024 Rightmove is reportedly speaking to UBS and Morgan Stanley on its response to the unsolicited takeover bid from Rupert Murdoch’s REA Group, according to Bloomberg. REA announced its intention to explore a possible cash and share offer for the UK’s biggest property portal in a statement yesterday to the Australian Stock Exchange. It has said [...]
Sicily yacht tragedy: Bayesian captain set to face manslaughter investigation August 26, 2024 The captain of the Bayesian superyacht is to be investigated for multiple manslaughter and shipwreck after seven people died when the vessel sunk last week, according to Italian media.
The trading floor drama Industry overlooks August 23, 2024 Industry, the BBC’s sex and drugs fuelled City drama, is missing one crucial aspect of life on a trading floor, says Matt Smith Sex, drugs and insider trading are back as Industry season three hit our screens earlier this month. But in the City, the exchange of trading tips between wrongdoers isn’t just a sub-plot [...]
Shein considers selling shares to public in potential £52bn London listing August 21, 2024 Fast fashion giant Shein is reportedly considering selling its shares directly to the British public as part of a potential £52bn listing on the London Stock Exchange. The company’s bankers, including JP Morgan, Goldman Sachs and Morgan Stanley, are pushing for plans to sell to retail investors along with institutional investors, according to The Telegraph. [...]
Lloyds Bank hires Amazon Web Services exec for first new AI director role August 5, 2024 Like many other businesses, banks are looking to use AI to improve stagnant productivity growth and cut costs.