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Morgan Stanley - 2 Angus Mordant - 2 Bloomberg News Morgan Stanley ’ - 1 Ted Pick - 1 Morgan Stanley’s - 1 James Gorman - 1 Bloomberg News Morgan Stanley - 1 Morgan Stanley ’ - 1
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Search resuls for: "Morgan Stanley ’"


4 mentions found


☆ Fed Probes Morgan Stanley’s International Wealth-Management Practices
  + stars: | 2023-11-09 | by ( Annamaria Andriotis | ) www.wsj.com   time to read: 1 min
Wealth management is a critical source of revenue for Morgan Stanley that helps offset droughts in deal making and trading. Photo: Angus Mordant/Bloomberg NewsMorgan Stanley ’s wealth-management arm is being scrutinized by the Federal Reserve, which is looking into whether the bank has sufficient controls in place to prevent rich foreign customers from laundering money. The Fed has been probing how Morgan Stanley vets foreigners and the origins of their money before taking them on as customers, according to people familiar with the matter. What started out as a routine review a few years ago escalated after regulators found the bank’s due diligence on clients and anti-money-laundering efforts lacking.
Persons: Morgan Stanley, Angus Mordant, Bloomberg News Morgan Stanley ’ Organizations: Bloomberg News, Federal Reserve
☆ Morgan Stanley Names Ted Pick as Next Chief Executive
  + stars: | 2023-10-25 | by ( Annamaria Andriotis | Cara Lombardo | David Benoit | ) www.wsj.com   time to read: 1 min
Ted Pick, who leads Morgan Stanley’s investment-banking and trading operations, will succeed James Gorman as chief executive. Photo Illustration: Morgan Stanley, Angus Mordant/Bloomberg NewsMorgan Stanley said Wednesday that it named Ted Pick as its next chief executive to succeed longtime CEO James Gorman , ushering in a new era for the Wall Street powerhouse. Pick, who leads Morgan Stanley ’s investment-banking and trading operations, was one of three finalists selected as possible successors for Gorman, who said in May that he would step down from the CEO role he has held since 2010.
Persons: Ted Pick, Morgan Stanley’s, James Gorman, Morgan Stanley, Angus Mordant, Bloomberg News Morgan Stanley, Morgan Stanley ’, Gorman Organizations: Bloomberg News, Wall Street
☆ Managing Rich People’s Money Isn’t Always Easy
  + stars: | 2023-04-19 | by ( Telis Demos | ) www.wsj.com   time to read: 1 min
Morgan Stanley procures its deposits via a network of affluent clients. But it isn’t just free money. Morgan Stanley ’s huge wealth management business generates significant net interest income, about 15% of its net revenue in the first quarter. So it was able to benefit from the same rising-rate forces still helping a lot of its large retail banking peers. That provided a ballast to its Wall Street unit, which like most peers, including Goldman Sachs , suffered from drop-offs in activity compared with a year earlier.
☆ Disney’s Robert Iger Hints at Raising Streaming Prices
  + stars: | 2023-03-09 | by ( Robbie Whelan | ) www.wsj.com   time to read: 1 min
Walt Disney Co. Chief Executive Robert Iger revealed some details of his plan to achieve profitability in the company’s streaming business, hinting that Disney could raise prices further and begin licensing its streaming content to competitors. Speaking at Morgan Stanley ’s Media and Telecom Conference in San Francisco on Thursday, Mr. Iger said he was “extremely bullish” on Disney+, the company’s flagship streaming platform, but predicted that subscriber growth would slow as the industry pivots to a focus on profits.
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