The generative artificial intelligence revolution has begun with a whimper, not a bang, at Morgan Stanley. The investment bank rolled out a new AI tool on Monday that allows its army of financial advisers to quickly access an estimated 100,000 research papers and documents. However, the bot — called AI […]
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Patrick Drahi, Franco-Israeli businessman and founder of cable and mobile telecoms company Altice Group attends the inauguration of the Altice Campus in Paris, France, October 9, 2018. REUTERS/Philippe Wojazer/File Photo Acquire Licensing Rights PARIS, Sept 6 (Reuters) – Cable and telecoms group Altice is nearing a deal to sell its […]
LIVE BUSINESS LIVE: Ofgem fines Morgan Stanley for trading comms failures By Live Commentary Updated: 10:00 BST, 23 August 2023 The FTSE 100 is up 0.4 per cent in early trading. Among the companies with reports and trading updates today are Home REIT, Costain and Mulberry. Read the Wednesday 23 […]
British stocks are the cheapest in the world and could rally if inflation subsides, according to Morgan Stanley. The US investment bank told clients: ‘Investor pessimism towards the UK is currently high. However, sentiment could shift if inflation starts to subside.’ Inflation remains stubbornly high at 8.7 per cent – […]
LONDON, June 8 (Reuters) – Goldman Sachs (GS.N), JPMorgan (JPM.N) and Morgan Stanley (MS.N) are reviewing their prime broking relationships with Odey Asset Management after allegations of sexual misconduct were reported by the Financial Times and Tortoise Media on Thursday, sources familiar with the matter said. The FT reported that […]
NEW YORK, May 19 (Reuters) – Morgan Stanley (MS.N) CEO James Gorman told shareholders Friday that the company will likely appoint its next CEO in the next 12 months. Gorman, 64, said the bank’s board has identified three strong candidates to succeed him and that he will become executive chairman […]
Investment banking slump rattles Wall Street: Profits plunge at Goldman Sachs and Morgan Stanley By Calum Muirhead For The Daily Mail Published: 22:18 GMT, 17 January 2023 | Updated: 22:18 GMT, 17 January 2023 Profits plunged at Wall Street rivals Goldman Sachs and Morgan Stanley as investment banking fees dried […]
Jan 17 (Reuters) – Morgan Stanley (MS.N) reported a smaller-than-expected 41% drop in fourth-quarter profit on Tuesday as the bank’s trading business got a boost from market volatility, offsetting the hit from sluggish dealmaking. Dealmaking was at a virtual halt for most of last year as risk appetite waned sharply […]