‘The Morgan Stanley fade’: US probe dredges up years of animus
Competitors, who couldn’t figure out how Morgan Stanley was bidding for block trades at such tight discounts, are now swapping 'I told you so’s.'
As Morgan Stanley was elbowing its way to the top spot in Wall Street’s ruthlessly competitive business of helping investors sell blocks of stock several years ago, rivals at Credit Suisse Group AG added a slide to their pitch deck. The message, according to people who saw it: Don’t trust Morgan
Learn more about reprints and licensing for this article.
