Tag: Morgan Stanley

The so-called ‘Alliance 2.0’ builds on the banks’ initial partnership announced back in 2010; Memorandum of Understanding expects implementation in H1 2024.

The bank reported net revenues of $13.5 billion for the second quarter off the back of a boost in its investment and wealth management businesses.

The parties in question have now been invited to make representations to the Competition and Markets Authority (CMA) before a final ruling is made.

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.