Tag: Morgan Stanley

The three banks all experienced decreases in equity revenues, however, Bank of America stood out amongst the three with increases in total revenue and net income.

New appointment joins after spending 13 years at Morgan Stanley in a variety of equity-related roles.

Despite reductions in revenues overall, the bank also reported positive earnings in fixed income, with revenues up 15% to $1.4 billion in Q4 compared with 2021.

Outlooks from players including Fidelity and JP Morgan are predicting an upturn for equities in 2023, despite an expected global recession, as the market prices in the risk and the Fed nears a rate-hike peak. 

Counting down from 10 to seven of the most read news stories on The TRADE over the past year, featuring LSEG’s Turquoise, Morgan Stanley, Millennium, BNP Paribas, Deutsche Bank and Citadel Securities.

BNP Paribas, Coremont, Morgan Stanley and TORA all saw new additions and departures this week.

New vice president in EM rates and FX trading has previously served across BNP Paribas, UniCredit and Expat Capital.

Both banks have seen senior traders depart for digital asset start-ups in recent weeks, as the crypto exodus continues.  

Incoming chief brings considerable experience to the firm, having previously served at Morgan Stanley and Goldman Sachs over the last decade.

The move follows the growing trend to combine on- and off-exchange business.