[ad_1] Oct. 26, 2023 12:48 pm ET A group of Morgan Stanley executives attending a post-workday dinner in London were ready to call it a night. Ted Pick wanted to…
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Morgan Stanley Names Ted Pick as Next Chief Executive
[ad_1] Updated Oct. 25, 2023 6:16 pm ET Morgan Stanley named Ted Pick as its next chief executive to replace longtime CEO James Gorman, ushering in a new era for…
Wall Street’s Green Shoots Risk Wilting
[ad_1] Bankers tend to turn into gardeners when talking about the continuing dearth of mergers and other investment-banking deals. They mention “green shoots,” in the form of an acquisition here,…
Morgan Stanley’s Earnings Fall 9% on Lower Investment-Banking Revenue
[ad_1] Morgan Stanley said third-quarter profit fell 9% from a year ago, hit by a sharp decline in deal making. Investment-banking revenue dropped 27% to $938 million. Fees from advising…
Trader’s Case Tests DOJ’s Policing of Global Currency Market
[ad_1] A London hedge fund’s big bet on the outcome of a South African party’s leadership vote earned it more than $20 million. Six years later, the trader who placed…
Are High Rates Taking a Toll on Consumers? Bank Earnings Will Provide a Clue
[ad_1] JPMorgan, Wells Fargo and Citigroup will report third-quarter results on Friday, followed by others next week. [ad_2] Source link