DIRS.INFO The most relevant business & tech news

☆ Credit Suisse announces management changes at Swiss bank
▼ + stars: | 2023-07-17 | by ( ) www.reuters.com time to read: 1 min

ZURICH, July 17 (Reuters) - Credit Suisse Switzerland executive board member Daniel Hunziker will take over the leadership of the bank's corporate clients business, it said on Monday. Hunziker will take on the new position in addition to his existing job as head of institutional clients at Credit Suisse with immediate effect. The move is the latest management change announced since UBS's (UBSG.S) takeover of Credit Suisse. Credit Suisse also announced on Monday that Andreas Gerber, head of corporate banking and another member of the Credit Suisse Switzerland executive board, will leave the bank. The banking veteran will "take a break for the time being" after 34 years at Credit Suisse and Schweizerische Volksbank, Credit Suisse said.

Persons: Daniel Hunziker, Hunziker, Andreas Gerber, John Revill, David Holmes Organizations: Credit Suisse, Thomson Locations: ZURICH, Credit Suisse Switzerland, Schweizerische

☆ Wall St ends up, extends recent gains on cooling US inflation
▼ + stars: | 2023-07-13 | by ( Caroline Valetkevitch | ) www.reuters.com time to read: +4 min

Wednesday's CPI report showed U.S. consumer prices registered their smallest annual increase in more than two years. The reports have helped to support the view the Federal Reserve will stop hiking rates after an expected 25 basis points rate increase later this month. Technology-related shares provided the most support to the S&P 500, and an index of tech-focused shares including megacaps (.NYFANG) gained 2.7% and registered a record high close. Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 7, 2023. The S&P 500 posted 51 new 52-week highs and one new low; the Nasdaq Composite recorded 135 new highs and 39 new lows.

Persons: Mona Mahajan, Edward Jones, Brendan McDermid, JPMorgan Chase, Alan Lancz, Alan B, Bard, Caroline Valetkevitch, Johann M Cherian, Sinead Carew, Shashwat Chauhan, Saumyadeb Chakrabarty, Maju Samuel, Deepa Babington Organizations: Dow, Nasdaq, Federal Reserve, PPI, . Technology, Dow Jones, Nvidia, New York Stock Exchange, REUTERS, JPMorgan, Lancz, Associates Inc, Air Lines, PepsiCo, Google, Inc, U.S, NYSE, Thomson Locations: U.S, Philadelphia, New York City, Toledo , Ohio, Europe, Brazil, Bengaluru, New York

☆ Wall St ends up, extends recent gains after producer prices data
▼ + stars: | 2023-07-13 | by ( Caroline Valetkevitch | ) www.reuters.com time to read: +3 min

Wednesday's CPI report showed U.S. consumer prices registered their smallest annual increase in more than two years. The reports have helped to support the view the Federal Reserve will stop hiking rates after an expected 25 basis points rate increase later this month. "PPI is another confirmation this week that inflation continues to trend in the right direction even as we see better overall labor market and consumer data. According to preliminary data, the S&P 500 (.SPX) gained 37.73 points, or 0.84%, to end at 4,509.89 points, while the Nasdaq Composite (.IXIC) gained 219.35 points, or 1.58%, to 14,138.31. Delta Air Lines (DAL.N) shares gained after it lifted its full-year profit outlook following stronger-than-expected second-quarter earnings on a relentless post-pandemic travel boom.

Persons: Mona Mahajan, Edward Jones, JPMorgan Chase, Alan Lancz, Alan B, Bard, Caroline Valetkevitch, Johann M Cherian, Sinead Carew, Shashwat Chauhan, Saumyadeb Chakrabarty, Maju Samuel, Deepa Babington Organizations: Delta Air Lines, Federal Reserve, PPI, Nasdaq, Dow Jones, Nvidia, JPMorgan, Lancz, Associates Inc, Air Lines, PepsiCo, Google, Inc, Thomson Locations: Philadelphia, Toledo , Ohio, Europe, Brazil, Bengaluru, New York

☆ Gold flat on doubts over U.S. rate hike trajectory
▼ + stars: | 2023-07-10 | by ( ) www.cnbc.com time to read: +2 min

Gold and silver bars of various sizes lie in a safe on a table at the precious metals dealer Pro Aurum in Munich. Gold prices were little changed on Monday after U.S. jobs data last week cast doubts over the labor market's strength, prompting investors to be more skeptical of the Federal Reserve's rate hike trajectory. Spot gold was steady at $1,923.62 per ounce by 0347 GMT. Data on Friday showed COMEX gold speculators raised their net long position by 12,733 contracts to 99,205 in the week ended July 3. In other precious metals, spot silver was steady at $23.05 per ounce, platinum fell 0.1% to $907.34 and palladium eased 0.4% to $1,238.86.

Persons: Nicholas Frappell Organizations: Aurum, Labor, ABC Refinery, U.S, West, Trust Locations: Munich, U.S, U.S . Federal, Russia

☆ Alone in an Empty House, Female Real Estate Agents Face Danger
▼ + stars: | 2023-07-08 | by ( Debra Kamin | More About Debra Kamin | ) www.nytimes.com time to read: +1 min

Across the nation, the overwhelming majority of real estate agents are women — and they are vulnerable to abuse in an industry that offers few protections, demands that they meet clients alone in empty homes and encourages them to use their appearance to help bring in buyers. Reports of harassment and occasionally physical violence, including rape and even murder, highlight the risks they face. But the industry is also structured so that 90 percent of agents are not actually employees of the agencies they work with. They are independent contractors, which means they are not protected under Title VII — the federal law that prohibits discrimination and sexual harassment in the workplace. It also means that many real estate agencies that rely on these agents for the vast majority of their income do not feel obligated — or even inclined — to offer them any kind of institutional protection or training.

Persons: —, VII Organizations: National Association of Realtors

☆ Lazard, facing a dealmaking drought, is on a mission to boost its money management business. It won't be easy.
▼ + stars: | 2023-07-06 | by ( Rebecca Ungarino | ) www.businessinsider.com time to read: +11 min

The group extends guidance on geopolitical matters to clients as well as colleagues, like the asset management arm's sprawling salesforce. The firm is making a series of changes to ramp up its asset management business. Lazard has had an asset management business for decades, but it's a business that's finding new relevance on Wall Street. Incoming Lazard CEO Peter Orszag, pictured here in May, has made improving the asset management business a priority. "When it comes to the asset management business, the picture is probably more blurry," said Richard Bruyère, managing partner of the Paris-based asset management advisory firm Indefi.

Persons: Lazard, Evan Russo, Yevgeny Prigozhin, Peter Orszag, Barack Obama, Bill Clinton, it's, Russo, Orszag, Ray McGuire, Jennifer Ryan, Goldman Sachs, Brennan Hawken, Richard Bruyère, Bruyère, Ryan, Hartley, Morgan Stanley, Janus Henderson, Ashmore, Devin Ryan, AllianceBernstein, Larry Cohen, " Russo, Peter Organizations: Lazard, BlackRock, Citi, New York, North, Incoming Lazard, REUTERS, UBS, Investors, Firms, Virtus, Liontrust, Bank's JMP Securities Locations: Russia, New York, Washington, North America, Paris, Taft, Asia

☆ Gold listless as investors wait for Fed's June meeting minutes
▼ + stars: | 2023-07-04 | by ( ) www.cnbc.com time to read: +2 min

Bars of gold are seen at Krastsvetmet, one of the world's largest producers of precious metals, in Moscow, January 31, 2023. Spot gold was little changed at $1,921.39 per ounce by 0241 GMT, while U.S. gold futures were flat at $1,929.10. High interest rates discourage investment in non-yielding gold. Markets will also watch for minutes of the June 13 to14 FOMC meeting being released on Wednesday. While gold prices could recover to $1,940 before a potential drop lower, "the rates background remains a significant drag," Frappell added.

Persons: Nicholas Frappell, Frappell, Masato Kanda Organizations: U.S, ABC Refinery, Investors, Reserve Bank of Locations: Moscow, U.S, U.S . Federal

☆ Elon Musk and new CEO Linda Yaccarino kept Twitter staff in the dark during the days of 'rate limit' chaos
▼ + stars: | 2023-07-03 | by ( Kali Hays | ) www.businessinsider.com time to read: +5 min

Elon Musk abruptly decided to give all Twitter users a maximum amount of access to the site. Twitter workers have received little communication on the change from Musk and CEO Linda Yaccarino. The change allows users to view only a certain number of Tweets before being prevented from interacting with the site. "Neither of them have said anything about what's going on," one of the people familiar said, referring to Musk and new CEO Linda Yaccarino. Once Musk decided to implement the rate limit, many Twitter workers asked in private Slack channels if it was a permanent change.

Persons: Elon Musk, Linda Yaccarino, Musk, Chris Riedy, Yoel Roth, Twitter's, Sheldon Chang, Chang, Riedy, Lou Paskalis, Kali Hays Organizations: Twitter, AJL, Reuters Locations: khays

☆ Chief Justice Roberts hasn't become less conservative. He's just more concerned with the Supreme Court's legacy than partisanship.
▼ + stars: | 2023-07-02 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +5 min

Chief Justice John Roberts voted with the liberals on the Supreme Court in key cases this term. Hardline conservatives have soured on the chief justice for his opinions siding with the Court's liberal justices in recent years. "Roberts' is the one whose name will be attached to this — it is the Roberts Court. The Times found in this term, the chief justice voted less often with the conservative majority and voted with liberal Justice Elena Kagan 14% more than the last term. "And I think Roberts perhaps has more of a concern with that kind of perspective because he's in the Court's center chair, because his name is attached to it, because it's his legacy."

Persons: John Roberts, SCOTUS, Roberts, —, Roberts —, George W, Bush, William Rehnquist —, Justin Crowe, Crowe, I'm, Clarence Thomas, Samuel Alito, hasn't, Elena Kagan Organizations: Service, GOP, Williams University, Washington Post, The New York Times, Times

☆ Opinion: The myth of a colorblind France
▼ + stars: | 2023-06-30 | by ( Opinion Keith Magee | ) edition.cnn.com time to read: +9 min

Accusations of institutional or systemic racism fall on deaf ears. In reality, the myth of the colorblind French Republic amounts to the state-level gaslighting of ethnic minorities, and the nation’s victims of systemic racism know it. In reality, the myth of the colorblind French Republic amounts to the state-level gaslighting of ethnic minorities, and the nation’s victims of systemic racism know it. To see those values undermined by a failure to investigate and address systemic racism, leaving so many of its citizens feeling unprotected, alienated, and unseen by the state is not only sad, it’s inexcusable. We may never know for certain whether Nahel’s race was a factor in his killing.

Persons: Keith Magee, Keith Magee Arron, Emmanuel Macron, inexcusable, Nahel, Verts, Geen Party –, “ White, Rokhaya Diallo, BFMTV, George Floyd, Sabrina Sebaihi Organizations: Newcastle University, University College London Institute for Innovation, CNN, Sud Radio, Geen Party, French National Consultative, Human Rights, Reuters, Twitter Locations: Black Britain, Paris, France, Europe, Africa, Caribbean, Asia, United States, United Kingdom, French Republic, Nanterre, Republic –, Sebaihi

☆ Nanterre shooting: More than 600 arrested as France sees third night of violence after 17-year-old shot dead by police
▼ + stars: | 2023-06-30 | by ( Joshua Berlinger | ) edition.cnn.com time to read: +6 min

The boy, Nahel, was shot dead during a traffic stop Tuesday morning in the Paris suburb of Nanterre. The officer said he fired his gun out of fear that the boy would run someone over with the car, according to Nanterre prosecutor Pascal Prache. He is currently facing a formal investigation for voluntary homicide and has been placed in preliminary detention, CNN affiliate BFMTV reported Thursday. This screengrab from video posted on Twitter shows the moment when police interacted with a 17-year-old teen during a traffic stop in a Paris suburb. Fires were set in the Paris suburb of Montreuil early Friday morning.

Persons: France CNN —, Pascal Prache, ”, Mounia, Prache, BFMTV, Stephane Rouppert, Nael, Emmanuel Macron, Nahel, Laurent, Franck Lienard, “, ” Lienard Organizations: France CNN, France, CNN, Twitter, Interior Ministry, BFMTV, French, country’s Foreign, RTL Locations: Nanterre, France, Paris, Bordeaux, Lyon, Roubaix, Marseille, Lille, Montreuil, Aubervilliers, ”

☆ With more than $1 billion in deals in the works, Wall Street is poised to get back into the home buying game
▼ + stars: | 2023-06-21 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +4 min

Wall Street landlords raised $110 billion to buy homes but have had a quiet year. One large transaction, and one large listing, could signal that investors are ready to start buying. The single-family rental market, a popular playground of Wall Street landlords in 2020 and 2021, has been in a deep-freeze for the last year. Rising borrowing costs and a shakier housing market halted most transactions, leaving idle much of the $110 billion raised to buy homes. The company, which was valued at nearly $2 billion last year, says it has facilitated more than $5 billion in deals.

Persons: dealmaking, Goldman Sachs, Don Mullen, DR, Barry Sternlicht's, redemptions, Gary Beasley, Roofstock, Allison Arest, Topping, Beasley, Morgan Stanley's, Ellen Zentner, Jay Powell, LeMaistre, everybody's Organizations: Bloomberg, Barry Sternlicht's Starwood Group, Fed Locations: Beach

☆ 21 stocks small-cap funds are buying the most to bet on explosive earnings growth, according to a fintech company
▼ + stars: | 2023-06-16 | by ( Laila Maidan | ) www.businessinsider.com time to read: +3 min

Below is a list of small-cap stocks most held by funds and compiled by Fintel. One is the US small-cap growth stocks held by funds with mandates to invest in smaller companies that are generally worth between $250 million and $2 billion. But it also saw a 41% increase in the number of shares held by funds, which points to more bullish sentiment. However, it also saw a 14% drop in shares held by the same group, with three funds shedding their holdings. Below is a Fintel list of stocks held by funds with mandates to invest in small-cap companies.

Persons: Wilton Risenhoover, Goldman Sachs, Risenhoover Organizations: SEC, Nasdaq, New York Stock Exchange, Securities and Exchange Commission, Shoals Technologies Group Inc, Halozyme Therapeutics Inc

☆ Berlusconi’s Legacy Lives On Beyond Italy’s Borders
▼ + stars: | 2023-06-14 | by ( Amanda Taub | ) www.nytimes.com time to read: +2 min

In Venezuela, a series of corruption scandals opened a power vacuum that Hugo Chávez easily filled with populist appeals, leading to to an authoritarian government that, by the time of his death, oversaw a country racked by crises. When the U.N.-backed group that had investigated Molina began looking into Morales as well, he expelled it from the country. The United States has not had a massive corruption scandal that sent politicians to courtrooms and jail cells and decimated faith in its political parties. That kind of institutional weakness creates an opening for outsider politicians who might once have been kept out of politics by robust political parties. In Italy, Berlusconi presided over and helped maintain decades of weak coalition governments and political turmoil, not to mention the multiple corruption scandals he landed in.

Persons: Bolsonaro, Hugo Chávez, Otto Pérez Molina, Jimmy Morales, ”, Molina, Morales, Trump, Berlusconi Organizations: United, Republican Party Locations: Venezuela, Guatemala, United States, Italy

☆ Gold rises as dollar weakens ahead of Fed decision
▼ + stars: | 2023-06-14 | by ( ) www.cnbc.com time to read: +2 min

Gold prices edged higher on Wednesday, helped by a softer dollar as slowing U.S. inflation cemented bets that the Federal Reserve would keep interest rates unchanged later in the day. Spot gold rose 0.3% to $1,948.49 per ounce by 05:00 GMT. Markets are pricing in a roughly 90% chance of the Fed keeping rates unchanged, according to CME's Fedwatch tool. While gold is seen as a hedge against inflation, higher rates to tame price pressures generally weigh on the non-yielding asset's appeal. Spot silver climbed 0.7% to $23.8439 per ounce, platinum rose 0.3% to $979.37, while palladium was flat at $1,361.01.

Persons: Clifford Bennett, " Bennett, Nicholas Frappell Organizations: Federal Reserve, U.S, ACY Securities, Fed, ABC Refinery Locations: Siberian, Krasnoyarsk, Russia, U.S

Kraken vs. Coinbase: The Biggest DifferencesCompare Kraken and Coinbase KrakenCoinbase Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. These levels determine which account features you can access, as well as represent the amount of documentation you provide when setting up your Kraken account. Kraken Account FeaturesIf you're an institution or an advanced trader, there's no shortage of services at Kraken. The standard Coinbase account includes crypto trading, Coinbase Earn, Coinbase Card (a Coinbase debit card), wallet services, and more. Coinbase and Kraken are both great cryptocurrency exchanges with large cryptocurrency selections, account features, NFT beta marketplaces, and more.

Persons: Coinbase, Min, webinars —, Kraken, Roth IRAs, Coinbase Waller, you'll Organizations: US Securities and Exchange Commission, SEC, Chevron, Coinbase, Trade, Pro, OTC, Better, Bureau, Inc, New York State Department of Financial Services, New, DFS, iOS Locations: New York, Washington

Pita, the 42-year-old leader of the progressive Move Forward party whose election victory stunned Thailand's military-backed establishment, has faced multiple complaints from rivals, three of which the poll body has dismissed for late submission, while four others against the party have been thrown out. Pita has downplayed the issue, arguing the shares in the firm, ITV, have since been transferred and the company was not an active media organisation. "There is sufficient information to suspect that the candidate is unfit or prohibited from seeking public office, according to electoral regulations, to further investigate Pita," election commission chairman Ittiporn Boonprakong told Reuters in a text message. "The election commission may take action against Pita in the future," he told a press conference. Reporting by Panarat Thepgumpanat; Writing by Chayut Setboonsarng; Editing by Martin PettyOur Standards: The Thomson Reuters Trust Principles.

Persons: Pita Limjareonrat, Pita, Thailand's, Ittiporn Boonprakong, Tulathon, Panarat Thepgumpanat, Chayut Setboonsarng, Martin Petty Organizations: ITV, Reuters, Thomson Locations: BANGKOK, Southeast Asia's, Bangkok

Odey Asset Management "does not recognise the picture of the firm that has been painted" by the allegations, it told investors in a letter seen by Reuters. Within hours of the report being published, Wall Street firms including Goldman Sachs (GS.N), JPMorgan (JPM.N) and Morgan Stanley (MS.N) began reviewing their prime broking ties with Odey Asset Management, sources familiar with the matter told Reuters. "We are confident our service providers will continue to work with us," an Odey Asset Management letter said later. Industry experts consulted by Reuters said that did not necessarily indicate a major change in culture in the City, however. A London employment tribunal last month awarded a former Algebris employee over 32,000 pounds in a sex harassment claim against the asset management company.

Persons: Crispin Odey, Odey, Goldman Sachs, Morgan Stanley, MS.N, Schroders, Evan Nierman, Megan Tobias Neely, Neely, retrained, Daniel Beunza, Davide Serra, Serra, Algebris, Yasmine Chinwala, Nell Mackenzie, Sinead Cruise, Naomi Rovnick, Dhara Ranasinghe, Rosalba O'Brien Organizations: Odey Asset Management, Financial Times, Tortoise Media, Reuters, Odey, Wall, JPMorgan, FT, Financial, Bayes Business, Labour Party, New, Thomson Locations: City, London, Britain, New York

The fund, focused on projects in Organisation for Economic Co-operation and Development countries, could invest across wind and solar as well as other clean technologies such as batteries and grid infrastructure. "You have folks now that are really trying to focus their portfolio construction around the different sub-sectors in infrastructure," Giordano said, citing increasing demand from pension schemes attracted to assets that match long-term liabilities. As a result, the company said it is targeting between $5 billion and $7 billion for its fourth fund, after $4.8 billion was raised for its predecessor, which closed in April 2021. Among the investments made by the third fund was one in high-power charging network IONITY, which raised 700 million euros in November. Depending on the amount raised, the fund could make around 18-22 investments across a mixture of early stage and developed projects, Giordano said, and could also consider co-investments.

Persons: BlackRock's Giordano, Climate Infrastructure David Giordano, Giordano, Simon Jessop, Susanna Twidale, Elaine Hardcastle Organizations: BlackRock's, LONDON, BlackRock, Renewable Power Fund, Economic Co, Climate Infrastructure, Reuters, European Union, International Energy Agency, Waratah Super Battery, Thomson Locations: United States, Australia, Europe, Americas, Asia

☆ Premarket stocks: Main Street traders are taking big risks. They might not pay off
▼ + stars: | 2023-06-06 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +6 min

But Main Street isn’t listening. New data from TD Ameritrade shows that retail investors shrugged off US debt ceiling uncertainty and recessionary fears last month as they increased their exposure to markets. That index aggregates Main Street investor positions and activity to measure how they’re positioned in the market. Retail investors also piled out of AI and tech stocks as the sectors surged in May, opting instead to put their money into riskier bets. But these trades are risky and while an institutional investor might lose their job for making a big mistake, a Main Street trader could lose their shirt.

Persons: New York CNN — “, recessionary, Dow, they’ve, Alex Coffey, Ameritrade, “, ”, Coffey, Binance, Changpeng Zhao, Zhao, Gary Gensler, Hanna Ziady, Willie Walsh, ” Walsh, Walsh Organizations: CNN Business, Bell, New York CNN, Federal Reserve, First Republic Bank, Nasdaq, Research, CNN, PayPal, Disney, Coffey Retail, US Securities and Exchange Commission, SEC, Global, International Air Transport Association, Airlines Locations: New York, USA, bro

It was one the president deployed once again behind closed doors at the White House. With Memorial Day on the horizon, senior White House officials said protecting veterans’ benefits was a top priority. They also knew it was a sensitive issue for Republicans’ politically, especially as House Republicans parried White House allegations about cuts to veterans’ services. White House officials would engage in conversations where their Republican counterparts would outline a potential resolution on issues. For months, White House officials hoped – and to some degree based on past battles, expected – Senate Republican Leader Mitch McConnell would engage in finding a resolution.

Persons: Joe Biden, Biden, “, ” Biden, Kevin McCarthy, simmered, Steve Ricchetti, Louisa Terrell, Shalanda Young, reticence, Biden didn’t, McCarthy, ’ carveouts, Republicans ’, Republicans parried, ” Terrell, ”, ” Young, Jeff Zients, –, would’ve, that’s, ” Zients, ” Ricchetti, Patrick McHenry, Young, Michael Linden, Ricchetti, McCarthy’s, Mitch McConnell, Terrell, McHenry, Garret Graves, Graves, Dan Meyer, they’ve, “ There’s, you’re, cleaver Organizations: CNN, Resolute, Legislative, White, Republican, FBI, Republicans, Internal Revenue Service, SNAP, Congressional, Office, Progressive, Young, White House, GOP, Biden, Republican Rep, Congress, dropoff, Air Force Academy Locations: Washington, Garret Graves of Louisiana, McHenry, Louisiana, Ukraine, Colorado

☆ Bitcoin is on track for its first monthly drop of the year, stalling 2023's huge rally as macro uncertainty builds
▼ + stars: | 2023-05-31 | by ( Morgan Chittum | ) www.businessinsider.com time to read: +4 min

The European Central Bank is tightening as well to combat surging prices, with rates at levels not seen since the Great Financial Crisis in 2008. In addition, central bank tightening can also lead to a decline in bitcoin prices." "There's no doubt that bitcoin's price as well as wider crypto market movements are directly impacted by the US Federal Reserve and central bank policies. "We can therefore expect a continued disenfranchisement with the US dollar and uptake of bitcoin and other crypto assets. This will be reflected in price and we can surely expect upward price movements in bitcoin, even in 2023," Caselin told Insider.

Persons: Bitcoin, —, Tacking, Christine Lagarde, Birgham Santos, Santos, Ben Caselin, bitcoin, Caselin Organizations: Service, Traders, Federal, European Central Bank, Lama, US Federal Reserve Locations: solana, bitcoin

☆ A New York university fired two employees after they included their pronouns in work emails, report says
▼ + stars: | 2023-05-20 | by ( John L. Dorman | ) www.businessinsider.com time to read: +5 min

Houghton University has dismissed 2 employees over the usage of pronouns in emails, per The New York Times. Raegan Zelaya and Shua Wilmot pointed to their gender-neutral names in explaining their use of pronouns. A university spokesperson told The Times said the institution has never "solely" terminated anyone over pronoun usage. Zelaya and Wilmot told The Times they had a reason for choosing to utilize pronouns in their emails, pointing to their gender-neutral names that sometimes cause people to misgender. The firings at Houghton University are the latest flashpoint amid an onslaught of anti-LGBTQ legislation and movements across the country.

☆ Factbox: Morgan Stanley's three potential CEO candidates
▼ + stars: | 2023-05-19 | by ( ) www.reuters.com time to read: +2 min

May 19 (Reuters) - Morgan Stanley (MS.N) will likely appoint its next CEO in the next 12 months, its current Chief Executive James Gorman said on Friday. EDWARD (TED) PICK, 54Ted Pick is co-president and head of the institutional securities group at Morgan Stanley. In May, Morgan Stanley said it is looking to resolve an investigation by U.S. regulators. Pick joined Morgan Stanley in 1990 and was promoted to managing director in 2002. He began his career at Morgan Stanley in 1990 and has worked in New York, Tokyo and Hong Kong.

☆ Our conviction in Morgan Stanley remains solid, despite the CEO's planned departure
▼ + stars: | 2023-05-19 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +5 min

Jim on Friday matched Gorman's confidence in the future of Morgan Stanley, saying its stock looked very attractive at current levels. The day before Gorman took over as CEO, on Jan. 1, 2010, Morgan Stanley stock closed at $29.60 per share. Investors like steadiness, so they're willing to pay more for every dollar of wealth-and-asset-management revenue compared with investment banking and trading. Over time, this dynamic should allow Morgan Stanley to command a higher price-to-earnings ratio. James Gorman, chairman and chief executive officer of Morgan Stanley, speaks during a Bloomberg Television interview in Beijing, China, on Thursday, May 30, 2019.

Search resuls for: "of Institutional"

25 mentions found