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Morgan Stanley

Record Keeping Failures Result in $549 Million Fine for Wells Fargo and Other Wall Street Banks

by Craig Fedirighi
Record Keeping Failures Result in 9 Million Fine for Wells Fargo and Other Wall Street Banks

U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler, testifies before the Senate Banking, Housing and Urban Affairs Committee during an oversight hearing on Capitol Hill in Washington, September 15, …

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Categories Business

Goldman Sachs CEO, David Solomon, Places Bet on Asset Management

by Craig Fedirighi
Goldman Sachs CEO, David Solomon, Places Bet on Asset Management

David Solomon, Chairman and CEO of Goldman Sachs, recently participated in a panel discussion at the annual Milken Institute Global Conference in Beverly Hills, California. Goldman Sachs, known for its …

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Categories Business

Apple struggles while Amazon soars

by Adrian Jhonsan
Apple struggles while Amazon soars

Freight semi trailers are docked at the Amazon warehouse in Palmdale, California, on July 25, 2023. Robyn Beck | Afp | Getty Images This report is from today’s CNBC Daily …

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Categories World

India Takes Center Stage as Morgan Stanley Ranks it Highest Among Asian Emerging Markets

by Craig Fedirighi
India Takes Center Stage as Morgan Stanley Ranks it Highest Among Asian Emerging Markets

Global financial powerhouse Morgan Stanley has upgraded India to the ‘overweight’ category, giving it the top rating among Asian emerging markets, while cutting Australia to ‘underweight’. It also put ‘equal-weight’ …

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Categories Business

Why Morgan Stanley Shifted Asia’s Pecking Order due to India’s Promising Future Resembling China’s Remarkable Past

by Craig Fedirighi
Why Morgan Stanley Shifted Asia’s Pecking Order due to India’s Promising Future Resembling China’s Remarkable Past

Global investment banking firm Morgan Stanley has downgraded China while upgrading India in its list of emerging markets in Asia. According to the firm, India’s future resembles China’s past to …

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Categories Business

Morgan Stanley Boosts India’s Rating to ‘Overweight’ and Reduces China’s Rating

by Craig Fedirighi
Morgan Stanley Boosts India’s Rating to ‘Overweight’ and Reduces China’s Rating

NEW DELHI: Morgan Stanley has revised its stance on Indian markets, upgrading them from “equal weight” to “overweight.” In contrast, the US-based investment bank has cut its rating on Chinese …

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Categories Business

Sources say Kotak, the wealthiest Asian banker, under pressure to select external candidate for successor

by Craig Fedirighi
Sources say Kotak, the wealthiest Asian banker, under pressure to select external candidate for successor

India’s banking regulator is nudging Kotak Mahindra Bank to select someone outside the lender’s ranks to succeed billionaire founder Uday Kotak as the next Chief Executive Officer, according to people …

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Categories Business

Top Wall Street analysts express optimism regarding these dividend stocks

by Adrian Jhonsan
Top Wall Street analysts express optimism regarding these dividend stocks

While many growth stocks have rebounded in 2023, investors are still on the lookout for dividend stocks that can provide stable income and potential long-term capital appreciation. Here are five …

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Categories World

Snap stock plummets 19% due to disappointing forecast

by Adrian Jhonsan
Snap stock plummets 19% due to disappointing forecast

Snapchat founder and CEO Evan Spiegel holds up a Pixy drone at a session during the Viva Technology show in Paris on June 17, 2022. Eric Piermont | AFP | …

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Categories World

Morgan Stanley attributes stronger GDP growth to Bidenomics

by James Odonell
Morgan Stanley attributes stronger GDP growth to Bidenomics

U.S. President Joe Biden gives a thumbs up as he walks with first lady Jill Biden to Marine One on the South Lawn of the White House July 14, 2023 …

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Categories Politics
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