The Carlyle Group reacquired a majority stake in Manna Pro Products from investment funds managed by Morgan Stanley Capital Partners, after selling its holdings in the pet care company to the investment bank in 2017.
Morgan Stanley regained privileges for buying and selling French government bonds, after taking remedial measures and completing a three-month suspension related to alleged price manipulation in 2015, a French financial regulator said on Tuesday.
The ability of the largest U.S. banks to remain solvent during an extended recession hinges on continued government support because they are in “a significantly shakier position” than they appear, highlighting the need for an immediate halt in dividend payments, according to an advocacy group.
Several of the world's largest banks including Goldman Sachs, Bank of America and JPMorgan will have to face a lawsuits claiming they colluded for nearly a decade to manipulate pricing of certain municipal debt issuances.
Morgan Stanley said Wednesday that it launched a $1 billion social bond to support affordable housing initiatives in the U.S., marking the latest initiative by a financial firm to further environmental, social and governance commitments.
Two senior executives at Morgan Stanley’s commodities business are leaving the New York-based investment bank after violating its rules on the use of electronic communication tools such as the WhatsApp messaging app, Bloomberg reported Tuesday.
T. Rowe Price said Monday it appointed a former Morgan Stanley manager to serve as its new global head of diversity and inclusion, highlighting a growing push to foster more diversity at investment firms.
Morgan Stanley hopes to resume share buybacks early next year that could exceed 100% of the investment bank’s quarterly earnings, CEO James Gorman said Thursday, as executives sit on a growing pile of excess capital but continue to have their hands tied by U.S. regulators.
With the U.S. Federal Reserve pledging to keep interest rates near zero through 2023, the nation’s largest banks are in a tight spot, trying to eke out revenue through trading and mortgage refinancing while cutting costs through layoffs.
The U.S. Office of the Comptroller of the Currency said Monday that it has assessed a $60 million civil penalty against Morgan Stanley in connection with two potential data security incidents that took place in 2016 and 2019.
U.S. cryptocurrency exchange Gemini, founded by twins Tyler and Cameron Winklevoss, hired a former executive for Morgan Stanley to serve as chief compliance officer for its recently launched Asia-Pacific operations.
Morgan Stanley said Thursday that its just agreed-upon $7 billion acquisition of fund manager Eaton Vance, which comes less than a week after completing its purchase of E*TRADE Financial, will make the bank the largest wealth and investment management platform provider in the world, with combined net revenues of $26 billion.
Goldman Sachs has tapped industry veteran Matthew Chung to fill the role of chief information security officer and head of technology risk, according to an internal memo, hiring him away from rival investment bank Morgan Stanley.
The U.S. Federal Reserve Board approved Morgan Stanley’s $13 billion acquisition of discount stock brokerage E*TRADE Financial by a 4-1 vote, clearing the way for the transaction to be completed Oct. 2.
Morgan Stanley agreed on Wednesday to pay a $5 million penalty to the U.S. Securities and Exchange Commission and reorganize certain trading units within its swaps business after it was discovered that the investment bank failed to abide by regulatory requirements for short sales.
Goldman Sachs, Morgan Stanley and Citigroup are among 34 S&P 100 companies that will publicly disclose the makeup of their workforce by race, ethnicity and gender, New York City Comptroller Scott M. Stringer said Monday.
Bank of America issued a bond that will fund projects related to racial equality, economic opportunity, and transitioning to a low-carbon economy, the first-ever offering of its kind in the financial services industry.
Morgan Stanley, whose July promise to disclose the climate impact of its lending portfolio proved a bellwether for some larger peers, on Monday also became the first major U.S. bank to commit to erasing that impact by 2050.
Sustainable equity funds and U.S. taxable bonds performed better than conventional holdings in the first half of the year, Morgan Stanley found, making the growing investment category appear even more attractive.
The world’s largest banks are better equipped to handle the current crisis than the rest of the sector as a result of regulation and restructuring imposed after the 2008 financial crisis, Moody’s said Thursday.