Tag: Morgan Stanley

April 12, 2024

Multiple U.S. regulators have joined the probe into Morgan Stanley’s efforts to prevent potential money laundering by its wealth clients, according to a report from The Wall Street Journal. The Securities and Exchange Commission, the Office of the Comptroller of […]

September 19, 2023

Morgan Stanley was hit with a $750 million lawsuit Monday by private-equity firms alleging fraud related to their investment in Brightline Holdings, a high-speed rail company. The lawsuit, filed in Manhattan by affiliates of Certares Management and Knighthead Capital Management, […]

August 24, 2023

Morgan Stanley is paying another $6.9 million over its failure to retain communications made over WhatsApp by employees, but the agency levying the penalty may not be who you’d expect. Ofgem, the U.K.’s energy regulator, fined a subsidiary of the […]

January 26, 2023

Morgan Stanley is penalizing individual bankers for conducting company business on messaging platforms such as WhatsApp, in connection with an investigation by regulators that drew $1.8 billion in fines last year from 11 Wall Street institutions. The bank is either […]

October 20, 2022

Attorneys-general from 19 states are investigating six major American banks that have signed on to the United Nations’ Net-Zero Banking Alliance, pledging to achieve net-zero emissions in their lending and investment portfolios by 2050. The banks under investigation include Bank […]

November 22, 2021

UBS on Saturday nominated former Morgan Stanley President Colm Kelleher to become its next chairman — a move that could be solidified through a vote at the Swiss bank’s annual shareholder meeting April 6. The bank — the world’s largest […]

November 10, 2021

Both Hughes and Fedorov already hold senior positions at the firm, with Fedorov joining Hughes as co-CEO from his position on the company’s board of directors. Tinkoff is the largest digital bank in its home country, and operates a range […]

July 29, 2021

Morgan Stanley is boosting annual base pay by $15,000 for first- and second-year analysts in the bank’s investment-banking and global capital markets divisions, it announced Wednesday, according to Business Insider. The increases, effective Aug. 1, bump compensation to $100,000 for […]

July 12, 2021

While there was no breach of Morgan Stanley applications, the bank was still subject to an incident through a supply chain attack. In this case, a compromise further up the supply chain, the vendor of a Morgan Stanley vendor, led […]

June 23, 2021

The number of people this would bar stands to be relatively few. Morgan Stanley CEO James Gorman, at a conference the bank organized last week, said 90% of employees working from the bank’s offices are vaccinated — a figure he […]

June 16, 2021

Bank executives have been warning that recent gains were likely unsustainable. This week’s comments from Mason, Dimon and Morgan Stanley CEO James Gorman show a shift to expectation-management mode — not by stressing that the current trend is bleak but […]

April 16, 2021

Morgan Stanley is set to report first-quarter earnings before the opening bell on Friday. Here’s what Wall Street expects: Earnings: $1.70 a share, 68% higher than a year earlier, according to Refinitiv Revenue: $14.1 billion, 49% higher than a year […]

January 21, 2021

What big banks reveal about the economy America’s biggest banks have all now released their financial results for the past year, data that reflect the strange economic situation facing President Biden and his new administration. Parts of the economy are […]

December 7, 2020

More often than not, when one major bank takes a stance — on any issue from environmentally conscious investing, to hiring a diverse workforce, to pandemic-induced work policies — its competitors are generally swift to follow if the move is […]

October 16, 2020

The charges refer to the bank dismantling two data centres connected to its wealth management business in 2016. According to the OCC, Morgan Stanley failed to oversee third-party companies responsible for the erasure and removal of personal data. The OCC […]

September 17, 2020

The bank, which became the first Wall Street institution to appoint a woman as its CEO last week, employs around 204,000 people. The bank expects its cuts to affect 26,000 people in 2020. Citi wasn’t alone in putting a pause […]

July 27, 2020

The FT reports that the news comes “as foreign companies become increasingly concerned about Beijing’s tough cybersecurity rules”, despite China’s cybersecurity laws covering similar regulations to the EU’s General Data Protection Act (GDPR) or the EU Cybersecurity Act. The Wall […]

March 24, 2020

With the federal-funds rate going to near zero, energy stocks collapsing alongside the price of oil, and stock market volatility roaring, the bank stocks have been crushed. Two months ago Citigroup (C) – Get Report, Morgan Stanley (MS) – Get […]

March 3, 2020

Bank stocks sold off in unison on Tuesday following the Federal Reserve’s emergency rate cut to combat an economic slowdown triggered by the fast-spreading coronavirus. The weakness by the group kept the overall markets’ gains in check. Shares of JPMorgan […]

February 20, 2020

Morgan Stanley said Thursday that is acquiring discount brokerage E-Trade Financial Corp. in an all-stock deal valued at $13 billion that is the biggest for a major U.S. bank since the 2008 financial crisis. The news prompted talk of Morgan […]