morgan Archives - Global Banking Monitor

Morgan Stanley CEO Attributes 2023 Bank Failures to ‘Stupidity of Their Own Management

Morgan Stanley CEO James Gorman blamed mismanagement and recklessness for the spate of bank failures earlier this year. In an attempt to forestall another financial...

Jed Finn Assumes Leadership of Morgan Stanley’s Wealth Management, Internal Memo Confirms

Morgan Stanley has named Jed Finn as the head of its wealth management unit, according to an internal memo seen by Reuters on Monday. Finn,...

Morgan Stanley Upgrades Economic Growth Forecast, Cites Biden Infrastructure “Boom”

Morgan Stanley raised its economic growth forecast up this week, citing a "boom in large-scale infrastructure" driven by President Biden’s Infrastructure bill, according to...

Morgan Stanley Raises $6.75 Billion in Debt Sale Amid Bond Rush

Morgan Stanley added to the recent wave of bank bond sales in the US investment-grade market on Wednesday, a sign that issuance is still...

Morgan Stanley Predicts Slump in US Earnings for 2023, Followed by Strong Rebound in the Following Year

Morgan Stanley warns of a 16% drop in profit for S&P 500 companies this year, followed by a sharp rebound in 2024 when analysts...

Morgan Stanley Warns of Impending Earnings Recession, Cautions Stock Market Unpreparedness

The earnings recession is still coming, and it's going to be worse than anyone thinks, Morgan Stanley said in a new note to clients...

Fed Set to Skip June Rate Hike, Entering a Lengthy Pause before Potential Cuts, Morgan Stanley Reports

The Federal Reserve looks set to kick the rate-hike can down the road in June, but is unlikely to pick it up, Morgan Stanley...

Morgan Stanley’s Chief Executive James Gorman to Retire Within a Year

Morgan Stanley chief executive James Gorman will step down as the company’s head within the next 12 months, he said Friday at the bank’s...

Morgan Stanley Contemplating Expanded Layoffs Amid Ongoing Banking Worries

Investment banking behemoth Morgan Stanley is said to be weighing up job cuts in its Asia-Pacific investment banking department as part of its mass...

Morgan Stanley Analysts Anticipate Commercial Real Estate to Suffer More than During the Great Financial Crisis

After the banking crisis, could the next domino be all those empty office buildings in your downtown? Investors and economists are sounding the alarm...

Morgan Stanley Lowers Regional Banks Outlook, Prompting Western Alliance’s Financial Update to Suffer Share Price Drop

The outlook for bank stocks remains muddy with first quarter earnings around the corner. Morgan Stanley cut its outlook for midsize banks early Wednesday...

Morgan Stanley suggests that the end of the bear market may be approaching

This year started with a strong rally in the markets, but the past month has seen the positive sentiments start to sputter. The failure...

Schwab awarded $7 million in lawsuit against Morgan Stanley, former advisers

Charles Schwab Corp. won more than $7.3 million from Morgan Stanley and two financial advisers it accused of stealing trade secrets when they moved...

Morgan Stanley is testing an OpenAI-powered chatbot for its 16,000 financial advisors

OpenAI logo seen on screen with ChatGPT website displayed on mobile seen in this illustration in Brussels, Belgium, on December 12, 2022. Morgan Stanley is...

Stripe employees get to sell $1bn of shares

Strategies for Upskilling Your Workforce in an AI-Driven Economy

Five Strategies for Enhancing Internal Communications in Banks

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