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Investors are bullish but expect continued market volatility, says Morgan Stanley
Investor sentiment is rising along with expectation of the Fed navigating a soft landing.
Earnings wrap: BoA earnings exceed expectations
The wealth management division's a ray of light for Morgan Stanley.
Morgan Stanley reports $78M in severance to axed wealth management employees
It's not clear what type of employees were laid off, but one industry executive says big firms are rethinking the hiring of administrative assistants.
Got less than $680,000 to invest? Morgan Stanley doesn’t want your business
The big wealth manager palms off 'low value' clients in Australia.
AI arrives on Wall Street
Morgan Stanley and JPMorgan seize the initiative, while smaller firms grapple with a lack of standardized data.
Employee, heal thyself! The financial wellness trend will only get hotter
More than 83% of human resource leaders worry employees’ financial issues could impact their productivity, while 66% of employees agree financial stress is negatively affecting their work and personal life.
Morgan Stanley gets serious about a new CEO
Wealth management boss on shortlist of three to replace outgoing Aussie.
Former Morgan Stanley advisor pleads guilty to ripping off own mother
Doug McKelvey of South Lake, Texas, misused at least $1.5 million of funds held in brokerage accounts belonging to clients that included his mother and another elderly family member.
Financial wellness rising but younger workers left behind: Study
Morgan Stanley at Work's third annual survey showed 66% of employees have reduced contributions to retirement accounts, up from 62% last year, particularly to 401(k) plans, long-term savings, and emergency and short-term savings.
Wall Street banks are using AI to rewire finance
Banks' interest is growing in the evolving technology of artificial intelligence and its likely impact on their business.
Morgan Stanley sets $12 billion profit goal for wealth unit
The bank aims to almost double its profit from wealth management through asset growth, more lending and expanding markets, co-president Andy Saperstein said at a conference.
Former Morgan Stanley advisor gets 7 years for ripping off clients
Shawn Edward Good pleaded guilty to stealing $7.2 million from retirees and used the money to pay off earlier investors and to fund a lavish lifestyle.
Top-earning CEOs at broker-dealers in 2022
Chief executives at leading brokerage and advisory firms are earning more money than ever. Here are the numbers on last year’s compensation for some of the highest-profile executives.
Here are the top 3 candidates to replace Gorman as Morgan Stanley CEO
Andy Saperstein, Ted Pick and Dan Simkowitz are thought to be executives in the running to succeed James Gorman, who says he will step down in the next 12 months.
Morgan Stanley CEO Gorman stepping down within 12 months
Gorman, who transformed Morgan Stanley after it nearly collapsed during the global financial crisis, will assume the role of executive chairman after exiting as chief executive.
Bank group led by Barclays, Morgan Stanley nearing deal on CO2 disclosure
The agreement would move efforts forward on calculating and disclosing the carbon footprints of the industry’s capital-markets operations.
Investors want AI-powered advisors, and fintechs race to meet demand
Most clients believe AI will help their advisors, a Morgan Stanley report finds.
Morgan Stanley in discussions with prosecutors, regulators to resolve block-trading probes
The firm disclosed the investigations last year, and said it faces potential civil liability from allegations that it caused stock prices to drop before completing a block trade.
Morgan Stanley planning to eliminate 3,000 employees in fresh round of job cuts
The head count reductions, which are the bank’s second round within six months, will spare wealth management teams, including advisors.
Morgan Stanley boosts wealth management revenue in first quarter
But the wealth management unit was clearly a bright spot for the firm in the first quarter, with Morgan Stanley's overall earnings falling 19% from the year-earlier period.
