The number of managers running offices for ultra-rich families can't keep up with the region's expansion of wealth, said Rebecca Gooch, London-based Campden's head of research
Arch-rival Goldman Sachs Group Inc reported a 40 per cent drop in bond trading revenue
CHETAN AHYA, global co-head of economics and chief Asia economist at Morgan Stanley, the global financial services entity, says global recovery will be on a sure footing, good news for Indian and regional export. Edited excerpts of a talk with Anup Roy:What is your expectation from the Reserve Bank of India's policy review? We are not expecting RBI to change the policy rate or stance. They might reduce their concerns on the inflation outlook, which probably could be interpreted as a bit more dovish by the market. We are expecting RBI to get back on the rate hike path in the second half of 2018. Until then, they might hold rates steady. We are expecting inflation to go up to the 4.5-5 per cent range by end-December. That doesn't really warrant a rate cut now. As you see the normalisation of the inflation trend in the background, you will see pick-up in growth and demand. We expect GDP (gross domestic product) growth to accelerate back to about eight per cent (yearly) soon. For March ...
Eight public sector banks have taken board approvals to raise fresh capital, says a report
Morgan Stanley's shares were up about 2% at $42.00 in premarket trading
The bank also reported stronger revenue in equities trading
Morgan Stanley, which ranked fourth for investment banking fees last year, cut more than 20 managing directors from its investment banking division globally
The brokerage has increased India weightage by 50 basis points to 250 bps in its 27-nation portfolio for the region
He has helped oversee the integration of Morgan Stanley with Smith Barney
Morgan Stanley said it will have to move parts of its operations from London if Britain were shut out of the single market
Dahlia Commodities Services Pvt Ltd has bought the same number of shares during the day
Pessimistic about the outcome of the US economy: Morgan Stanley's chief global currency strategist
According to the global financial services major, disinflationary pressures would keep RBI on an easing path
In its latest report, has upped June 17 BSE Sensex base case to 30,000
The Wall Street bank's net income was $1.43 billion in the quarter ended June 30
Recently, Goldman Sachs too had echoed a similar view, revising its global growth forecasts downward to 3% - 3.5% for H2CY16
Anil Agarwal, MD & Head of Asian Financial Research, Morgan Stanley, has had a negative view on public sector banks for the past five years
Morgan Stanley's stock fell about 21% in the quarter - the sharpest decline of any big US bank
The case against Morgan Stanley is the latest jab in Harris's fight for compensation after the 2008 mortgage crisis crippled the global economy