Tag: Morgan Stanley

May 22, 2023 BY Steffy Bogdanova

Morgan Stanley CEO, James Gorman, to step down within a year

The company’s board of directors has already found three candidates to take Gorman’s place but hasn’t disclosed their names. According to Reuters, co-presidents Ted Pick and Andy Saperstein, and head of investment management Dan Simkowitz are the most likely candidates for the role of Morgan Stanley's CEO. However, the three most mentioned contenders for Gorman’s…

Read more
January 27, 2023 BY Steffy Bogdanova

Morgan Stanley imposes $1million penalties on bankers for using WhatsApp for official business

Reuters further reported that the penalty amounts were determined by the number of messages sent, seniority and whether the employees had already received warnings, as well as other factors. In 2020, Morgan Stanley fired two senior employees at its commodity division for using personal messaging apps. US regulators require broker-dealers to keep records of all…

Read more
June 10, 2021 BY Steffy Bogdanova

Morgan Stanley appoints several E*Trade executives to senior roles

It was also announced that Mike Murphy, head of brokerage services at E*Trade, will lead digital direct client service and Chris Larkin, E*trade’s head of trading, will oversee trading across the division. Additionally, Shane Mulron, who previously led institutional product and risk management for E*Trade, will lead business control and support. Last year, Morgan Stanley…

Read more
Forex Weekly Look Back
May 28, 2021 BY Steffy Bogdanova

Forex Weekly Look Back: HSBC winds down US retail banking business, Playtech to sell Finalto for $210 million

The governor of the Bank of Korea suggested that cryptocurrency trades from South Korean citizens are a potential threat to the country’s financial system. Increased trading of virtual assets – known for their volatile pricing – is threatening to leave the nation’s financial system at risk of instability, according to the Governor of the Bank…

Read more
February 21, 2020 BY Valentina Kirilova

Morgan Stanley buying E*Trade in $13bn deal

Wall Street giant Morgan Stanley (NYSE: MS) announced on Thursday that it will acquire E*TRADE Financial Corporation (NASDAQ: ETFC), a financial services company and pioneer in the online brokerage industry, in an all-stock transaction valued at approximately $13 billion. E*TRADE stockholders will receive 1.0432 Morgan Stanley shares for each E*TRADE share, which represents per share…

Read more