Morgan Stanley News
How Morgan Stanley courted dodgy customers to build a wealth-management empire
Internal company documents describe the bank’s weak anti-money-laundering controls and failure to complete due-diligence reviews as staff expressed alarm: ‘We need to kill this.’
16 min read26 Nov 2024HSBC Sees ‘Unattractive’ Risk Reward for Goldman Sachs, Morgan Stanley
Goldman Sachs Group Inc. and Morgan Stanley shares are showing an “unattractive risk reward profile” in the wake of the recent bank rally, HSBC analysts said, adding that investors should be wary of arguments that an investment banking “supercycle” will drives shares much higher.
1 min read26 Nov 2024Morgan Stanley Shares Soar Most in Four Years on Trading
Morgan Stanley traders and bankers joined the rest of their Wall Street rivals in posting better-than-expected revenue, fueling a 32% profit surge for the third quarter and sending the shares up the most in almost four years.
3 min read16 Oct 2024Europe Stocks Slip; Investors Await Regional Manufacturing Data
European stocks slipped from Friday’s record close as investors awaited manufacturing data from the region, the first reports in a week heavy with economic statistics.
1 min read2 Sep 2024Intel Weighs Options Including Foundry Split to Stem Losses
Intel Corp. is working with investment bankers to help navigate the most difficult period in its 56-year history, according to people familiar with the matter.
3 min read31 Aug 2024Nomura Is Hiring Wealth Managers After Years of Staff Overhaul
Nomura Holdings Inc.’s wealth management business is on a growth path after a multi-year overhaul that saw its thousands of retail bankers shift away from catering to the masses of Japanese investors toward the well-to-do.
3 min read28 Aug 2024Morgan Stanley in talks to exit investment in Manna Foods
The investment bank’s private equity arm is looking to sell some or all of its stake as revenue and profit growth has moderated amid growing consolidation in the health food industry.
3 min read19 Aug 2024Morgan Stanley moves forward on homegrown AI
The financial services company built its second generative AI application in-house in collaboration with OpenAI.
3 min read26 Jul 2024Banc of California Is Selling $2 Billion of Residential Loans
Banc of California Inc., a regional bank, is selling about $2 billion of business-purpose mortgage loans in a process led by Morgan Stanley, according to people with knowledge of the matter.
1 min read5 Jul 2024French and UK Stocks Outshine European Peers Ahead of Elections
French stocks outperformed on Thursday, boosting the broader market, as polls showed Marine Le Pen’s National Rally and its allies would fall well short of an absolute majority in Sunday’s French parliamentary election.
2 min read4 Jul 2024Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared