Don’t cry for Aberdeen Asset Management but Argentina’s currency issues sent it falling yesterday.
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Thursday 21 May 2009
David Redmond is no doubt still rueing the day he decided to flee the pressures of work for a few hours to enjoy a boozy lunch. The former Morgan Stanley trader was banned from the City by the Financial Services Authority yesterday for his post- prandial actions: a two-hour trading frenzy that saw him run up an unauthorised £10m bet on the oil markets.
Thursday 14 May 2009
The financial Services Authority has fined the US bank Morgan Stanley £1.4m for failings that led to a $120m markdown to the books of a former senior proprietary trader.
Friday 01 May 2009
The FTSE 100 rounded off its best month since 2003 and entered bull market territory, which is defined as a 20 per cent rise from recent lows, for the first time last night since the onset of the financial storm.
Thursday 23 April 2009
Thursday 16 April 2009
The FTSE 100 was 29.4 points ahead at 3996.8 while the FTSE 250 advanced to 7199.3, up 89.2 points, at around 11.55am today.
Friday 10 April 2009
Thursday 12 February 2009
Tuesday 10 February 2009
Thursday 29 January 2009
Outlook He claims to take no pleasure in eventually being proved right, but Stephen Roach, chairman of Morgan Stanley Asia and a regular fixture of these mountain-top conferences, is living in clover.
Thursday 15 January 2009
Outlook I don't want to get back into the debate about whether HSBC needs more capital or not. Morgan Stanley yesterday added itself to the growing list of securities houses to say that it does, but there are still plenty of others who think the bank will be able to trade its way through the recession without resort to shareholders or governments. Whatever the answer, HSBC would be in a much worse position today than it is, with still relatively healthy capital ratios, had it listened to the siren calls a few years ago urging it to repatriate great wadges of capital and pay it out to shareholders. Most other banks succumbed, leaving them hopelessly undercapitalised when the downturn hit. HSBC resisted.
Saturday 10 January 2009
Citigroup is in talks to merge its Smith Barney stockbroking business with Morgan Stanley, in a money-raising move that would create the biggest brokerage in the world.
Thursday 18 December 2008
Morgan Stanley reported a worse-than-expected fourth-quarter loss of $2.2bn (£1.4bn) from continuing operations, prompting a downgrade in the investment bank's senior debt rating.
Sunday 14 December 2008
Wednesday 05 November 2008
Analysts at the US investment bank Morgan Stanley are recommending that clients start to buy shares again after more than a year of falling markets. In an investment strategy report, analysts at the bank said that all four indicators they use to gauge the equity market outlook have started to indicate a turn in the downward trend.
Monday 13 October 2008
Mitsubishi UFJ said today it bought a stake in beaten-down Morgan Stanley, as the US government reportedly offered to support the Japanese bank's investment.
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