Tag: Morgan Stanley (NYSE:MS)

June 06, 2016 BY LeapRate Staff

Morgan Stanley sells down Plus500 Ltd stake to below 3%

LeapRate has learned via filings made to the London Stock Exchange that global investment bank Morgan Stanley (NYSE:MS) has sold down its stake in FCA regulated retail forex and CFD broker Plus500 Ltd (LON:PLUS) to below 3%. Morgan Stanley had been the second or third largest outside shareholder in Plus500 at just under 7%, after UK investment manager…

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December 01, 2015 BY Maria Nikolova

Morgan Stanley to fire a quarter of its FX traders

Poor financial performance is taking its toll on Wall Street investment bank Morgan Stanley (NYSE:MS). As per LeapRate's earlier report, the bank posted a set of disappointing financial metrics for the third quarter of 2015, including a 42% decrease in fixed-income trading revenues. The poor trading results will cost hundreds of jobs at Morgan Stanley, with…

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October 19, 2015 BY LeapRate Staff

Morgan Stanley weakness in FX trading leads to poor Q3 results

Wall Street investment bank Morgan Stanley (NYSE:MS) reported Q3 results which disappointed investors, sending its shares diving about 6% in pre-market trading Monday. The culprit at Morgan Stanley which most street analysts are pointing to is the company's 17% drop in Trading Revenue during the quarter, with its clients staying away from the bond, currency and commodity markets.…

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