Tag: Morgan Stanley

January 16, 2024 BY Elizabeth Anderson

China’s economy slow off the mark in 2024

Chow Tai’s managing director, Kent Wong, noted that consumers and investors alike are turning away from precious jewels and instead opting for gold consumption, a move that suggests little confidence in national and global financial stability. Although gold purchases are increasing as diamond and gemstone sales decrease, Wong’s statement suggested that consumer confidence would return…

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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…

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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…

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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…

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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…

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