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Morgan Stanley-backed Bitcoin firm NYDIG raises $1 billion
The firm, which counts some of the biggest Wall Street banks as its partners, was valued at more than $7 billion in the round.
UBS nominates Colm Kelleher as next chairman
The former president of Morgan Stanley will stand for election to succeed Axel Weber at the Swiss bank's annual meeting in April.
Robo-advisers brace portfolios for rising inflation
As the stock market slowed in the third quarter, investors continued to process multiple market influences underscored by supply chain disruptions and pent-up demand from reopening economies.
Morgan Stanley trio managing $315 million joins Raymond James
The team, including James Wendling, Steven VanDerSchaaf andClint Allman, have moved to the employee unit of Raymond James in Davenport, Iowa.
Morgan Stanley, Empower to expand joint plan solutions
The agreement will help Morgan Stanley at Work deliver services to small-business retirement plans.
Morgan Stanley bucks trend of more advisers leaving wirehouses
The company maintained its healthy recruiting pace over the first two quarters of the year even as losses continued to mount among its wirehouse competitors.
Morgan Stanley liable for trading Apple stock without customer’s consent
The three-person, all-public panel awarded the investor $640,747, mostly in compensatory damages, but denied punitive damages, according to a Finra arbitration award.
Banks making cheap loans to the ultra-rich
Rock-bottom interest rates have fueled the biggest borrowing binge on record, and even billionaires with enough cash to fill a swimming pool are loathe to sit it out.
Nasdaq teams with Citi, other banks on market for private stocks
Nasdaq Inc. has formed a joint venture with Citigroup Inc., Goldman Sachs Group Inc. and Morgan Stanley to establish a trading venue for shares of closely held companies.
Morgan Stanley trio managing $700 million goes indie
Los Angeles-based PBC Private Wealth will use LPL’s strategic wealth services, a unit that supports breakaways.
Morgan Stanley discloses data breach of its StockPlan Connect business
The investment bank was notified of the breach by a vendor that provides account maintenance for the stock plan business. The files did not contain passwords that could be used to access financial accounts, according to a company memo.
Wirehouses fall flat on adviser satisfaction: J.D. Power
Despite payout rates and branding that suggest higher levels of support, the top brokerage firms are not meeting adviser expectations, according to a recent survey of over 3,000 advisers.
Bank CEOs scolded by senators
Banking Committee Chairman Sherrod Brown challenged the executives 'to be as good to the American people as the nation has been to you.'
Morgan Stanley defies bank diversity trend
The leadership changes announced May 20 position a slate of potential successors to CEO James Gorman who are mostly white and male.
Morgan Stanley CEO Gorman revamps leadership
Andy Saperstein, head of wealth management, was named co-president along with Ted Pick, head of trading, as Gorman positions a small group as his most likely successors.
UBS announces surprise $861 million Archegos hit
Like Morgan Stanley, UBS kept its investors in the dark for weeks about the size of the losses it incurred in the collapse of Bill Hwang's family office.
Wall Street’s ESG club sees huge tax perks
Big banks' finance work involving environmental, social and governance projects saves them a lot on taxes.
Banks hone in on wealthy clients
Citigroup plans to 'double down on wealth,' while Merrill's account balances surged 31%.
Advisers managing $686 million affiliate with Raymond James
OSJ Boston Harbor adds two indie teams, as well as advisers from Morgan Stanley and Merrill Lynch.
Morgan Stanley exited part of Archegos holdings before most rivals
The bank's sale of $5 billion of shares owned by Archegos on March 25, the day before the deluge of block trades by other firms, helped Morgan Stanley emerge largely unscathed from the fund's flameout.
