The job cuts will impact financial advisers and personnel supporting them within the wealth management division at Morgan Stanley, the report added
Net income slid 20% from a year earlier to $2.84 billion amid a slowdown in the trading and banking businesses. The firm's investment bank was able to stave off a steeper drop
"We believe there could be some negative revenue impact for banks," Morgan Stanley analysts wrote in a research note
After years of scandal and losses, Credit Suisse came to the brink of collapse before UBS rode to the rescue with a merger engineered and bankrolled by the Swiss authorities
Morgan Stanley had filed a settlement application with the markets regulator in February 2022
Credit Suisse's equity strategists Neelkanth Mishra and Ashish Gupta recently quit and joined the Axis Bank group. These positions are likely to be filled by USB analysts
The rescue is being orchestrated by the U.S. government, Bloomberg News reported on Thursday, citing people with knowledge of the matter
Discontinuation of the Rs 99 minimum recharge plan expected to raise mobile biz revenue by 1.5%
"We expect CPI inflation to average 5.5 per cent (6.7 per cent in F23 estimates) and the current account deficit to track at 2.5 per cent of GDP in F24 (2.9 per cent in F23 estimates)"
Earlier, the Budget for FY24 had projected nominal GDP growth at 10.5 per cent, as the centre increased the capital investment outlay steeply for the third year in a row by 33 per cent to Rs 10 trn
Earlier in November 2022, Morgan Stanley had reiterated its stance on the Indian markets and said that the bull-run remained intact. Back then, they expected the Sensex to hit 80,000 levels by Dec '23
The package includes $1.5 million in salary and a $7.5 million cash bonus, the firm said in a filing Friday
ICICI Bank Q3: Consensus estimate by Bloomberg pegs ICICI Bank's net profit growth at 33 per cent year-on-year (YoY)/9 per cent quarter-on-quarter (QoQ) at Rs 8,242 crore
UBS in a note said Morgan Stanley's fourth-quarter core trends were encouraging
The Union Cabinet on Wednesday approved the incentive scheme of Rs 26 billion for promotion of RuPay Debit Cards and low-value BHIM-UPI transactions (P2M) for FY23
The current situation is on par with that in late 2008/early 2009, in our view, with many investors insufficiently exposed to what is likely a key cross-asset portfolio alpha driver for 2023
Financing one of largest for senior care sector in country, will help firm to expand services
While much of the world's attention was focused on the riches minted by Silicon Valley, banks were gaining momentum
Average daily turnover for China's ChiNext Index and overall mainland-traded A-shares increased 25% and 19% respectively
Global investment advisory firm Morgan Stanley has cut about 2 per cent of its global workforce, or about 1,600 employees, amid the global economic meltdown, the media reported