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Billionaire claims bank treated Frasers Group ‘grotesquely’ in €50mn margin call dispute
Billionaire tells court bank’s actions were ‘completely unbelievable’ as Frasers sues for €50mn
Bank’s ‘head of loan trading’ told court he was instructed not to use his title as it only ‘existed on paper’
Plus, the Body Shop faces a financial cleanse and Japan inks a giant semiconductor deal
Wall Street bank praised outgoing chief’s ‘exemplary’ succession planning
Wall Street banks’ stock values begin to converge after wealth management profitability warning
Revenues at bank’s powerhouse division were flat in last three months of 2023
Slow year for investment banking in 2023 depressed earnings at Wall Street rivals
Block trade probe found serious misconduct but results in slap on the wrist
Bank settles with SEC and agrees non-prosecution deal over leak of confidential information ahead of bulk share sales
Wall Street’s newest chief executive inherits a bank confronting more challenges than a year ago
Outgoing CEO highlights safer financial system, which leaves banks’ own ‘stupidity’ as one of their biggest threats
Morgan Stanley chair and former Sky chief executive will serve on committee to pick Bob Iger’s successor
Head of bank’s wealth management division says he plans to continue working through treatment
Telecoms group owned by Franco-Israeli billionaire Patrick Drahi seeks ways to cut $60bn debt pile
But it’s probably not that big a problem for UK landlords, says Morgan Stanley
Few things are certain, but the ephemerality of chief executives is one of them
What can Morgan Stanley’s Ted Pick do after James Gorman?
The two banks are the biggest winners on Wall Street as energy industry bucks M&A downturn
Incoming CEO Ted Pick and his top two lieutenants will receive equal packages worth roughly $20mn at time of grant
Incoming chief executive will struggle to deliver the type of outsized gains seen under his predecessor
James Gorman took the bank from underdog to the top of Wall Street. The new chief must decide what comes next
Head of investment banking and trading was one of 3 internal candidates
Falling revenues in division compounded by slower growth in wealth management
Gorman points to earnings cycle turning sharply upward just in time for successor to notch early wins
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