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LONDON, Aug 11 (Reuters) - U.S. hedge fund Davidson Kempner Capital Management (DK) said on Friday it had agreed to sell Prelios to fintech firm ION Group, in a long-awaited deal which two sources said valued the Italian credit manager at 1.35 billion euros ($1.5 billion). DK, which did not disclose the sale price, had been looking for a buyer for years, and held discussions for several months with ION. Dublin-based ION Group was in turn in talks with banks for months to secure funding for the deal. Founded by former Salomon Brothers trader Andrea Pignataro, ION Group provides services of trading, analytics, treasury and risk management for capital and commodity markets. In 2021 in Italy alone, ION bought banking software provider Cedacri for $1.8 billion and acquired Cerved in a deal that valued the credit data and management group at nearly 2 billion euros.

Persons: Salomon, Andrea Pignataro, UniCredit, Intesa, DK, Lazard, Prelios, Mediobanca, Goldman Sachs, Morgan Stanley, Riccardo Serrini, Valentina Za, Pablo Mayo, David Goodman, Susan Fenton Organizations: Davidson, Capital Management, ION Group, ION ., ION, Reuters, BNP, Banco, Standard Chartered Bank, Mediobanca, UBS, X3, DK, Thomson Locations: ION . Dublin, Italy

Stocks paying high dividend yields could become "increasingly important" for investors' portfolios, according to Trivariate Research founder and CEO Adam Parker. Energy company Chevron , the largest market-cap company on the list, offers a dividend yield of 3.7%. Almost 50% of analysts covering the stock have either a strong buy or buy rating on shares, according to Refinitiv. Three-quarters of analysts covering the company have either a strong buy or buy rating on shares, per Refinitiv. IBM is another high and steady yielding stock named by Trivariate, with a dividend yield of 4.7%.

Persons: Stocks, Adam Parker ., Morgan Stanley, Parker, Chevron, Philip Morris, Jacek Olczak, — CNBC's Michael Bloom Organizations: Research, Federal, Energy, Chevron, Telecommunications, Verizon, Refinitiv, IBM Locations: FactSet

☆ Former Morgan Stanley Asia Chairman on China's deflationary worries
▼ + stars: | 2023-07-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer Morgan Stanley Asia Chairman on China's deflationary worriesStephen Roach, Former Morgan Stanley Asia Chairman and a Senior Fellow at Yale Law School, discusses China's recent economic data and the outlook for U.S.-China relations.

Persons: Former Morgan Stanley, China's deflationary, Stephen Roach, Morgan Stanley Organizations: Former, Former Morgan Stanley Asia, Morgan Stanley Asia, Yale Law School Locations: China

But even though the scam targeted Morgan Stanley clients and the advisor admitted using a Morgan Stanley product to carry it out, the firm has fought efforts to hold it responsible. "So, effectively, Morgan Stanley is lending money to the victims of this scheme and that money then gets diverted into Shawn Good's pocket," Easley said. Morgan Stanley, which topped earnings expectations Tuesday thanks in large part to its wealth management business, declined an interview request. But more important than all of that, she said, was that he worked for Morgan Stanley. Morgan Stanley was among 16 firms charged, all admitting they violated federal securities laws.

Persons: Morgan Stanley, Caitlin Andrews, It's, Shawn Edward Good, Good, Shawn Good, Michael F, Easley Jr, Shawn Good's, Easley, pilfered, Marc Fitapelli, Andrews, Fitapelli, Charles Hayward of, whatever's, Hayward, CNBC Andrews, I've, Caitlin, Louis Straney, Romeo Stelvio, Straney, Morgan Stanley's Organizations: Prosecutors, CNBC, Destiny, Easley, Eastern, Raleigh, Financial Industry Regulatory Authority, IRS, North Carolina State Bureau of Investigators, Lexus, Porsche, Tesla, Securities and Exchange, SEC Locations: Carolina Beach , North Carolina, Morgan Stanley's Wilmington, North Carolina, of North Carolina, New York, Charles Hayward of Wilmington, Santa Fe , New Mexico, France, Italy, Spain, Netherlands, Wilmington, N.C

☆ Watch CNBC's full interview with fmr. Morgan Stanley Asia Chairman Stephen Roach
▼ + stars: | 2023-06-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with fmr. Morgan Stanley Asia Chairman Stephen RoachStephen Roach, Former Morgan Stanley Asia chairman, joins 'Closing Bell Overtime', to discuss what is happening in the Chinese economy, U.S.-China relations, and unemployment in the country.

Persons: fmr, Morgan Stanley, Stephen Roach Stephen Roach Locations: U.S, China

☆ 'China's gonna hold a tough line' when it comes to the U.S., says Yale's Stephen Roach
▼ + stars: | 2023-06-16 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'China's gonna hold a tough line' when it comes to the U.S., says Yale's Stephen RoachStephen Roach, Former Morgan Stanley Asia chairman, joins 'Closing Bell Overtime', to discuss what is happening in the Chinese economy, U.S.-China relations, and youth unemployment in the country.

Persons: Yale's Stephen Roach Stephen Roach, Morgan Stanley Locations: U.S, China

Venkatakrishnan's intervention underscores the pressure that the British bank is under to protect its U.S. investment banking franchise. Venkatakrishnan promised during the meeting to invest in the investment banking business to boost morale, the sources said. Miller left Barclays to join Jefferies last month, while Barclays only announced a new role for Astier this week, naming him global head of financial sponsors. Still, the exodus that Venkatakrishnan and other Barclays executives have been trying to stem has continued apace. But it was its consumer, cards and payments division, rather than investment banking, that led the charge.

Persons: C.S, Venkatakrishnan, dealmakers, Cathal Deasy, Morgan Stanley, Taylor Wright, Marco Valla, Deasy, John Miller, Jean, Francois Astier, Miller, Jefferies, Jim Rossman, Christopher Ludwig, Pete Contrucci, Evan Rothenberg, Daniel Kerstein, Contrucci, Rothenberg, Kerstein, Milana Vinn, Abigail Summerville, David Carnevali, Svea Herbst, Bayliss, Anirban Sen, Greg Roumeliotis, Christopher Cushing Organizations: YORK, Barclays, Citigroup Inc, UBS Group AG, Jefferies Financial Group Inc, Reuters, Credit Suisse Group AG, UBS, Lazard Ltd, Credit Suisse, Svea, Thomson Locations: Americas, Europe, Middle East, Africa, United States, New York, Rhode Island

☆ Here are the 2 very different execs in contention to be CEO of Morgan Stanley
▼ + stars: | 2023-05-19 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +6 min

James Gorman announced that he will step down as Morgan Stanley CEO in the next year. The three executives in contention are co-presidents Ted Pick and Andy Saperstein, as well as Dan Simkowitz, head of investment management at Morgan Stanley. Morgan Stanley declined to comment. But the long-time Morgan Stanley executives have distinct leadership styles and backgrounds. Do you work for Morgan Stanley?

Shopify announced Thursday that it is cutting 20% of staff and selling off its logistics business. Shopify's CEO Tobi Lütke announced early Thursday that the company is cutting 20% of its workforce and selling the majority of its logistics business to supply chain technology company Flexport. It's the right thing for Shopify but it negatively affects many team members who we admire and love working with. Analysts and insiders had also been expecting a major change to Shopify's logistics division, Insider reported Wednesday. But 6 River Systems, a warehouse automation and robotics company Shopify purchased in 2019 for $450 million, is being sold to UK grocery firm Ocado for an undisclosed sum.

Reuters could not determine Coley's status in the government investigations or whether she had cooperated. While he was its director of enforcement, the CFTC increasingly worked on investigations in parallel with federal prosecutors. McDonald's representation of Coley comes as the U.S. investigations pile pressure on Binance, which dominates the crypto sector as the world's largest digital currency exchange. The CFTC's complaint said that Binance personnel, including Zhao, have "dictated Binance.US's corporate strategy, launch, and early operations." In a subpoena addressed to Coley that same month, the SEC also requested all records of her activities and meetings.

☆ Ex-Morgan Stanley advisor charged with defrauding NBA players out of $13 million
▼ + stars: | 2023-03-23 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

Former Morgan Stanley advisor Darryl Cohen was arrested on Thursday morning for allegedly defrauding current and former NBA players including Jrue Holiday, Chandler Parsons and Courtney Lee. Three others, including former NBA players agent Charles Briscoe, were also charged. Cohen was an advisor for Morgan Stanley from 2015 to 2021, according to his Financial Industry Regulatory Authority profile. The DOJ said in its indictment document that the alleged fraud schemes took place from roughly 2017 to 2020. "We fully cooperated with the investigation and have resolved clients' claims related to Mr. Cohen," Morgan Stanley said in a statement.

☆ Putin’s Secret Weapon on Energy: an Ex-Morgan Stanley Banker
▼ + stars: | 2023-03-02 | by ( Benoit Faucon | ) www.wsj.com time to read: 1 min

Russia urgently needs to develop new markets for its oil and gas companies, with Western sanctions cutting into the backbone of its economy. It’s relying on a 37-year-old former Morgan Stanley banker to keep profits flowing. Pavel Sorokin , Russia’s deputy energy minister, is part of a cadre of young technocrats with deep knowledge of the West, fast-tracked by Vladmir Putin to the upper echelons of power. Mr. Sorokin, who studied finance in London, has negotiated deals in Africa and the Middle East. He played an early role in the development of OPEC+, the partnership between Russia’s oil industry and the Saudi-led Organization of the Petroleum Exporting Countries.

HONG KONG, Feb 17 (Reuters Breakingviews) - The disappearance of Bao Fan is a chilling dampener on the reopening of the world's second largest economy. China Renaissance was valued at $2.3 billion in its own IPO in 2018 when it was ranked second on China tech deals per Dealogic. Entities including China International Capital Corp (3908.HK) and Citic Securities (600030.SS), also have to grapple with President Xi Jinping’s common-prosperity campaign, making it unclear whether these firms’ erstwhile generosity will resume when advisory activity picks up. It also noted that in September Chinese authorities took Cong Lin, the bank’s president and chairman of its Hong Kong securities unit, into custody. Column by Yawen Chen in Hong Kong and Una Galani in Mumbai.

☆ There is no trust between the U.S. and China, says Former Morgan Stanley Asia Chairman Stephen Roach
▼ + stars: | 2023-02-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere is no trust between the U.S. and China, says Former Morgan Stanley Asia Chairman Stephen RoachFormer Morgan Stanley Asia Chairman Stephen Roach gives his thoughts on renewed tensions between the U.S. and China.

[1/2] AI chip startup Rebellions co-founder and chief executive Park Sunghyun works at the company headquarters in Seongnam, South Korea February 2023. SEOUL Feb 13 (Reuters) - South Korean startup Rebellions Inc launches an artificial intelligence (AI) chip on Monday, racing to win government contracts as Seoul seeks a place for local companies in the exploding AI industry. "But it's not set in stone because AI chips can carry out different functions and there aren't set boundaries or metrics." A100 is the most popular chip for AI workloads, powerful enough to create - in industry lingo, "train" - the AI models. Rebellions declined to give a forecast for its AI chip venture.

☆ UBS has no desire to buy Credit Suisse, chairman tells newspaper
▼ + stars: | 2023-01-14 | by ( ) www.reuters.com time to read: +1 min

ZURICH, Jan 14 (Reuters) - UBS (UBSG.S) has no interest in buying fellow Swiss lender Credit Suisse (CSGN.S), the bank's Chairman Colm Kelleher said in a interview published on Saturday. "We have no desire to buy Credit Suisse," Kelleher told the Neue Zuercher Zeitung. "There are always scenarios, but none that are convincing," he said when asked if there were any situations where a UBS takeover of Credit Suisse made sense. The former chairmen of Credit Suisse and UBS supported a merger between the two banks, and held talks in the first half of 2020, Swiss media reported two years ago. The discussions eventually lapsed, the media reports said, and both Urs Rohner and Axel Weber have since left their roles at Credit Suisse and UBS respectively.

☆ The fintech reckoning is upon us. Here’s what to expect next year
▼ + stars: | 2022-12-28 | by ( Hugh Son | ) www.cnbc.com time to read: +9 min

Many fintech companies — particularly those dealing directly with retail borrowers — will be forced to shut down or sell themselves next year as startups run out of funding, according to investors, founders and investment bankers. Other private companies with a reasonable path to profitability will typically get funding from existing investors. The frenzy peaked in 2021, when fintech companies raised more than $130 billion and minted more than 100 new unicorns, or companies with at least $1 billion in valuation. "20% of all VC dollars went into fintech in 2021," said Stuart Sopp, founder and CEO of digital bank Current. "The competitive landscape shifts the most during periods of fear, uncertainty and doubt," said Kelly Rodriques, CEO of Forge, a trading venue for private company stock.

☆ Europe's BNP Paribas appoints senior executives to Global Markets Americas division
▼ + stars: | 2022-12-07 | by ( ) www.reuters.com time to read: +1 min

Dec 7 (Reuters) - BNP Paribas SA (BNPP.PA) has appointed several senior executives to its Global Markets Americas division, the European bank said on Wednesday, in a move to further consolidate its presence in the United States. The French bank appointed former Morgan Stanley executive Kunal Maini as the co-head of Global Macro - Americas and he will be responsible for globalizing the US Rates franchise. In addition, BNP also hired a string of executives to strengthen its credit portfolio at a time when global fixed income markets have come under immense pressure from soaring inflation and outsized interest rate hikes. John Hanisch was appointed the co-head of Secondary Credit Americas and Global Head of Securitized Products Trading; Charlie Shah the Head of IG & CDS Trading Americas and Bo Bazylevsky the Head of LatAm Flow Credit Trading. BNP's move to hire across divisions sharply contrasts global banks including HSBC Holdings PLC (HSBA.L) and Goldman Sachs (GS.N), which axed jobs to rein in costs.

☆ ION discussing earn-out price clause with DK in Prelios deal-sources
▼ + stars: | 2022-11-23 | by ( Valentina Za | ) www.reuters.com time to read: +2 min

The two sources close to the matter said ION and DK were discussing a so-called earn out clause, which would see ION pay part of the price at closing and the rest once the business hits certain financial targets. ION and DK declined to comment. Sources had told Reuters earlier this month ION was in discussions with DK over a potential acquisition of Prelios, on which the New York-based fund has put a 1.4 billion euro ($1.44 billion) price tag. Shortly before that, ION had snatched for 1.5 billion euros Italian banking software firm Cedacri. U.S. fund DK first invested in Prelios in 2017, buying other investors to take it private.

☆ Moelis hires former Morgan Stanley bankers for healthcare dealmaking
▼ + stars: | 2022-10-18 | by ( David Carnevali | ) www.reuters.com time to read: +1 min

NEW YORK, Oct 18 (Reuters) - Moelis & Co. has hired two former Morgan Stanley bankers, Arek Kurkciyan and Dennis Crandall, as managing directors to help drive dealmaking in the life sciences and outsourced pharmaceutical services sectors for the investment bank. Both Kurkciyan and Crandall were managing directors in the healthcare investment banking unit at Morgan Stanley. Register now for FREE unlimited access to Reuters.com RegisterIn their previous roles at Morgan Stanley, both bankers worked on significant deals involving large healthcare corporations and financial sponsors. In recent months, Moelis has been attempting to shore up its healthcare M&A unit. It recently hired another senior banker Igor Sokolovsky to help with dealmaking across sectors, with a special focus on healthcare.

☆ Former Morgan Stanley CEO John Mack breaks down the 10 minutes that defined his career
▼ + stars: | 2022-10-13 | by ( Andrew Ross Sorkin | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer Morgan Stanley CEO John Mack breaks down the 10 minutes that defined his careerFormer Morgan Stanley CEO John Mack sits down with CNBC's Andrew Ross Sorkin to discuss his new book, 'Up Close and All In: Life Lessons from a Wall Street Warrior.'

☆ Former Morgan Stanley CEO John Mack on lessons from the 2008 financial crisis, crypto
▼ + stars: | 2022-10-13 | by ( Andrew Ross Sorkin | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer Morgan Stanley CEO John Mack on lessons from the 2008 financial crisis, cryptoFormer Morgan Stanley CEO John Mack sits down with CNBC's Andrew Ross Sorkin to discuss his new book, 'Up Close and All In: Life Lessons from a Wall Street Warrior.'

☆ Former Morgan Stanley CEO John Mack on dementia diagnosis: 'If you have a problem, you go at it'
▼ + stars: | 2022-10-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer Morgan Stanley CEO John Mack on dementia diagnosis: 'If you have a problem, you go at it'Former Morgan Stanley CEO John Mack sits down with CNBC's Andrew Ross Sorkin to discuss his new book, 'Up Close and All In: Life Lessons from a Wall Street Warrior.'

☆ Former Morgan Stanley CEO John Mack shares blueprint to saving firm during Great Recession
▼ + stars: | 2022-10-12 | by ( Joshua Natoli | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer Morgan Stanley CEO John Mack shares blueprint to saving firm during Great RecessionFormer Morgan Stanley Chairman and CEO John Mack sits down with CNBC's Andrew Ross Sorkin to share his experience saving the bank from being taken over during the 2008 financial crisis. Mack sheds light on the life lessons he has learned on Wall Street in his new book "Up Close and All In," including what he calls 'the best 10 minutes' of his career.

☆ An ex-Morgan Stanley employee has been repping staffers with bias claims against the bank. In a new suit, a top exec is accused of 'racist rants.'
▼ + stars: | 2022-09-27 | by ( Danielle Walker | ) www.businessinsider.com time to read: +8 min

Blackburn Law, PLLC. "Essentially, Morgan Stanley gave me the seed money to start my practice," Blackburn said of his resolved legal dispute with the bank. A Morgan Stanley spokesman declined to comment on Blackburn's employment at the firm. Hornbach allegedly tasked von der Schmidt with producing the research publication in December 2019, months into his employment at Morgan Stanley. He said it was experiences at Morgan Stanley that put him on the path to being a litigator.

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