Latest Morgan Stanley News
A June pause in rate hikes would be a close call for Fed officials, minutes of last meeting show
WASHINGTON (AP) — Federal Reserve officials were divided earlier this month on whether to pause their interest rate hikes at their upcoming meeting in June, according to the minutes of their May 2-3 meeting released Wednesday. “Several (policymakers) noted if the economy evolved...
Morgan Stanley's James Gorman, who arrived at the bank shortly before financial crisis, to retire
NEW YORK (AP) — Morgan Stanley's long-time CEO James Gorman will retire in the next 12 months, he said Friday at the bank's annual shareholder meeting. Gorman said the bank is looking at three senior internal candidates to be the investment bank's new top executive. Gorman said he...
Morgan Stanley: Q1 Earnings Snapshot
NEW YORK (AP) — NEW YORK (AP) — Morgan Stanley (MS) on Wednesday reported first-quarter earnings of $2.98 billion. The company, based in New York, said it had earnings of $1.70 per share. The results exceeded Wall Street expectations. The average estimate of seven...
Big banks create $30B rescue package for First Republic
NEW YORK (AP) — Eleven of the biggest U.S. banks Thursday announced a $30 billion rescue package for First Republic Bank in an effort to prevent it from becoming the third to fail in less than a week and head off a broader banking crisis. San Francisco-based First Republic serves...
