Morgan Stanley's quarterly profit rose 61.7% to $1.52 billion from $939 million for the quarter ended September 30, while earnings per shares rose to 81 cents from 48 cents. Earnings per share from continuing operations was 80 cents, far above the average analyst estimate of 63 cents, according to Thomson Reuters. Adjusted revenue from sales…
Read moreMany investment banks use their London hubs to run their EU operations, relying on the passporting system that allows them to operate across the bloc while being regulated just in Britain. The Brexit vote could threaten those arrangements if banks no longer have access to the single market. Rob Rooney, CEO of Morgan Stanley International,…
Read moreCLS Group, a provider of risk management and operational services for the global foreign exchange (FX) market, has announced its intent to release a payment netting service, CLS Netting, for buy-side and sell-side institutions’ FX trades that are settled outside the CLS settlement service. David Puth, CEO of CLS, commented: Working with our settlement members…
Read moreUniper SE (ISIN: DE000UNSE018) has been listed in the Prime Standard at the Frankfurt Stock Exchange since September 12, 2016. A total of about 366 million shares were placed in the IPO. The total issue volume was approximately €3.7 billion. The initial listing price was €10.015. Listing Agents were J.P. Morgan und Morgan Stanley. Designated…
Read moreToday the UK Financial Conduct Authority put out details of the cloned firm Morgan Stanley/Morgan Stanley & Co Ltd. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. The clone firm are using or giving out the following details as…
Read moreThe World Gold Council and the London Metal Exchange (LME), together with Goldman Sachs, ICBC Standard Bank, Morgan Stanley, Natixis, OSTC and Societe Generale, today announce their intention to introduce a suite of exchange-traded and centrally-cleared precious metals products. The initiative has been driven by the need for greater market transparency, to support and aid…
Read moreMahiFX has appointed former Morgan Stanley Head of e-FX Europe Guy Hopkins to the newly created role of MFX Vector Sales. The position, as its name suggests, focuses on the broker's newest product, MFX Vector. Guy Hopkins will be responsible for securing that the product is managed and developed in accordance with client requirements. MFX…
Read moreThe trial marked an unprecedented scale of institutional collaboration between the financial and technology communities exploring how distributed ledgers can be applied to global financial markets. Just released is a major blockchain announcement from financial technology innovation company R3 CEV. In short, they connected 40 banks to five different blockchains and allowed them to facilitate…
Read moreRetail Forex and CFD broker Plus500 Ltd (LON:PLUS) has just reported of a transaction in its shares that took place on December 8, 2015. As a result of the transaction, Morgan Stanley & Co. International plc has a direct holding of 7,822,037 shares, equivalent to the same number of voting rights, in the broker. Following…
Read moreConsortium to develop new technology for global financial markets now comprises 25 banks.
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