Morgan Stanley launches cryptocurrency research team

Morgan Stanley, one of the largest banks in the United States, is setting up a new crypto-focused research division. The Wall Street megabank has appointed Sheena Shah as lead cryptocurrency analyst for its dedicated cryptocurrency research team, Bloomberg reported on Sept. 13. Shah worked as Morgan Stanley’s lead currency strategist covering G10 currencies for more than eight… Continue reading Morgan Stanley launches cryptocurrency research team

Boris Johnson’s dad Stanley reveals PM asked him for two copies of his book The Virus – to give to Vallance and Whitty

BORIS Johnson asked dad Stanley for two copies of his novel The Virus — to send to his top medical experts. The PM wanted to give the republished thriller about a terrifying pandemic to Professor Chris Whitty and Sir Patrick Vallance. Stanley, 80, told The Sun: “I don’t think Boris bothered to read it necessarily,… Continue reading Boris Johnson’s dad Stanley reveals PM asked him for two copies of his book The Virus – to give to Vallance and Whitty

Morgan Stanley, JPMorgan, Bank of America, Goldman Sachs hike shareholder payouts

Slideshow ( 3 images )(Reuters) – Morgan Stanley, JPMorgan Chase & Co, Bank of America Corp. and Goldman Sachs Group said on Monday they were hiking their capital payouts after the U.S. Federal Reserve gave them a clean bill of health following their annual “stress tests” last week. Morgan Stanley delivered one of the biggest… Continue reading Morgan Stanley, JPMorgan, Bank of America, Goldman Sachs hike shareholder payouts

Morgan Stanley chief to bankers: If you want NYC salary, you need to be in NYC

More On: morgan stanley Big bank CEOs tell investors trading boom could turn into a bust Morgan Stanley boss James Gorman anoints possible successors Bitcoin, cryptocurrencies rebound after a brutal week of losses Morgan Stanley reveals nearly $1B loss from Archegos implosion Morgan Stanley’s top boss issued a stern warning to his staff Monday —… Continue reading Morgan Stanley chief to bankers: If you want NYC salary, you need to be in NYC

Bank of America, Morgan Stanley win dismissal of metals spoofing litigation

Slideshow ( 2 images )NEW YORK (Reuters) – A federal judge in Manhattan on Thursday dismissed litigation by traders and trading firms accusing Bank of America Corp and Morgan Stanley of manipulating the precious metals futures market by placing trades and then cancelling them before execution, or “spoofing”. U.S. District Judge Lewis Liman in Manhattan… Continue reading Bank of America, Morgan Stanley win dismissal of metals spoofing litigation

Morgan Stanley profit crushes estimates on trading strength

(Reuters) – Morgan Stanley eased past Wall Street estimates for profit on Thursday, wrapping up mixed third-quarter earnings for big U.S. banks that saw those focused on trading clocking big gains while retail banks took a hit from the pandemic.The headquarters of Morgan Stanley is seen in New York January 9, 2013. REUTERS/Shannon Stapleton/FilesLike fellow… Continue reading Morgan Stanley profit crushes estimates on trading strength

Morgan Stanley to pay $60 million penalty for insufficient oversight of data centers

FILE PHOTO: The corporate logo of financial firm Morgan Stanley is pictured on the company’s world headquarters in New York, U.S. April 17, 2017. REUTERS/Shannon StapletonWASHINGTON (Reuters) – Morgan Stanley MS.N will pay a $60 million penalty after a U.S. banking regulator found the firm lacked proper oversight as it decommissioned two business data centers.… Continue reading Morgan Stanley to pay $60 million penalty for insufficient oversight of data centers

Morgan Stanley suspended from some French treasury bond deals: AFT

PARIS (Reuters) – The French state treasury has suspended Morgan Stanley (MS.N) from certain French treasury bond deals for three months, citing problems it had with the U.S. investment bank’s execution of some past deals. “Agence France Trésor (AFT), on behalf of the Minister of the Economy, Finance and Economic Recovery, has decided to suspend… Continue reading Morgan Stanley suspended from some French treasury bond deals: AFT

Morgan Stanley profit jumps 45% on trading boom

(Reuters) – Morgan Stanley posted a better-than-expected surge in quarterly profit on Thursday, driven by strong trading gains as the coronavirus pandemic drove record swings in global financial markets. The bank’s trading unit recorded a 68% jump in revenue, led by a nearly 168% surge in bond trading. Equities trading revenue rose 23%. The results… Continue reading Morgan Stanley profit jumps 45% on trading boom

Ex-exec sues Morgan Stanley over discrimination: ‘Black lives did not matter’

One week after James Gorman announced that Morgan Stanley would diversify its leadership and spend millions to raise up its black executives, a woman who spent 16 years in charge of diversity at the firm called him a hypocrite. Marilyn Booker, a 26-year Morgan Stanley veteran who left in December, is suing the $895 billion… Continue reading Ex-exec sues Morgan Stanley over discrimination: ‘Black lives did not matter’

Morgan Stanley warns of more pain ahead as coronavirus bites profits

Fox Business Flash top headlines for April 16 Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com. Get all the latest news on coronavirus and more delivered daily to your inbox.  Sign up here. Continue Reading Below Morgan Stanley Chief Executive Officer James Gorman warned that the bank would take "longer… Continue reading Morgan Stanley warns of more pain ahead as coronavirus bites profits

Morgan Stanley receives approval for majority stake in China venture: sources

BEIJING/HONG KONG (Reuters) – Morgan Stanley (MS.N) has received regulatory approval to take a majority stake in its China securities joint venture, people with knowledge of the matter said, as Beijing opens up the financial sector to foreigners. The Wall Street heavyweight received the nod from the China Securities Regulatory Commission to raise its stake… Continue reading Morgan Stanley receives approval for majority stake in China venture: sources

Morgan Stanley donates $20 million to children's mental health programs

NEW YORK (Reuters) – Morgan Stanley (MS.N) said on Monday it will give $20 million to seven nonprofit groups working to prevent youth suicide and fight depression and other children’s mental health problems. Calling the initiative the Morgan Stanley Alliance for Children’s Mental Health, the bank aims to recruit other donors to help fund the… Continue reading Morgan Stanley donates $20 million to children's mental health programs

Morgan Stanley Offers Insight Into Bitcoin, Cryptocurrency and Blockchain – Blockchain News

Morgan Stanley released a presentation on Friday giving an update on Bitcoin, cryptocurrencies, and the blockchain. The report synthesis data from various crypto focused data sources like blockchain.info, coinmarketcap.com, and bitcoinity.org with proprietary Morgan Stanley Research to develop a number of insights into the current state of the cryptocurrency landscape. Even as prices have suffered,… Continue reading Morgan Stanley Offers Insight Into Bitcoin, Cryptocurrency and Blockchain – Blockchain News

Morgan Stanley pushes advisers to boost revenue in 2020 pay plan: sources

NEW YORK (Reuters) – Morgan Stanley (MS.N) told financial advisers on Tuesday that they could be paid less if they do not generate more revenue or get customers to sign up for comprehensive financial plans next year, people familiar with the bank’s 2020 compensation plan said. Morgan Stanley made several changes to the incentive structure,… Continue reading Morgan Stanley pushes advisers to boost revenue in 2020 pay plan: sources

Morgan Stanley to pay $150 million to settle California crisis-era mortgage charges

(Reuters) – Morgan Stanley will pay $150 million to settle charges it misled two large California public pension funds about the risks of mortgage-backed securities they bought in the years leading up to the 2008 global financial crisis. The settlement announced on Thursday by California Attorney General Xavier Becerra resolves an April 2016 lawsuit filed… Continue reading Morgan Stanley to pay $150 million to settle California crisis-era mortgage charges

Bloomberg: Morgan Stanley Plans Bitcoin Trading for Clients

U.S. banking giant Morgan Stanley is planning to offer clients Bitcoin trade swaps, anonymous sources told Bloomberg Thursday, September 13. Citing “people familiar with the matter,” the publication reveals the U.S. multinational will follow in the footsteps of fellow Wall Street players in pursuing Bitcoin exposure options. According to the sources, Morgan Stanley “will deal… Continue reading Bloomberg: Morgan Stanley Plans Bitcoin Trading for Clients

Morgan Stanley Says Cryptocurrencies Could Change the Financial Landscape

The Morgan Stanley logo is displayed at company headquarters in New York, U.S., on Thursday, July 21, 2011. Morgan Stanley rose the most in New York trading in two years after posting a second-quarter loss that was smaller than analysts estimated and the only gain in trading revenue among major U.S. banks. Photographer: Scott Eells/Bloomberg via Getty Images

According to a report released by Morgan Stanley, cryptocurrencies and Bitcoin could allow banks to cut interest rates in the future – mitigating the impact of a future financial crisis. If banks like Morgan Stanley say these things, then we need to seriously think about Bitcoin and virtual currencies as a way to avoid crisis.… Continue reading Morgan Stanley Says Cryptocurrencies Could Change the Financial Landscape

Bitcoin’s Price Needs to Remain Above $8600 for Mining to be Profitable, Says Morgan Stanley

According to a report by Morgan Stanley, bitcoin’s price needs to break and sustain above the $8,600 level to ensure bitcoin mining remains a profitable venture. Even with a low electricity cost of $0.03 kW/h, analysts from the US-based investment firm believe that only a price above $8,600 would keep big mining pools profitable. The… Continue reading Bitcoin’s Price Needs to Remain Above $8600 for Mining to be Profitable, Says Morgan Stanley