Morgan Stanley

209 results about this entity

Period: 22 Sep 2004 - 24 May 2024

Morgan Stanley explores sale of Indian back office unit - report

US bank Morgan Stanley has moved to sell off its Indian back office operations, with Infosys and Wipro potential buyers, according to the Economic Times.

Dealers to accelerate central clearing of OTC trades

Under pressure from regulators, 15 of Wall Street's biggest banks have committed to significantly increase the use of central counterparties to clear over-the-counter (OTC) derivatives.

Morgan Stanley hires former Citi e-trading head Evans - WSJ

Morgan Stanley has hired former Citi electronic trading head Richard Evans to take charge of its automated execution business in the European equity markets, the Wall Street Journal reports.

Data compression firm files patent infringement suits against banks and exchanges

A US firm specialising in data compression has filed lawsuits against a host of investment banks, stock exchanges and financial news and data outfits, accusing them of patent infringement.

Three more banks join CLS/Icap FX joint venture

Bank of America, Credit Suisse and Morgan Stanley have joined four other founder banks in supporting the CLS/Icap joint venture to provide trade aggregation services in the over-the-counter FX market.

Microsoft Silverlight to take on Flash in the dealing room

Microsoft is wooing the business community as it looks to take on Adobe's popular Flash suite with the latest release of its Silverlight Rich Internet Application (RIA) toolkit.

Morgan Stanley ops manager cops a plea in $2.5 million fraud case

A former operations manager responsible for payments processing at Morgan Stanley's institutional securities business is to plead guilty to stealing $2.5 million from the US investment bank over a seven-year period.

IT woes hit Morgan Stanley, Citi joint venture - FT

Morgan Stanley and Citigroup will have to wait up to two years to gain the full benefit of their $14bn-a-year brokerage joint venture as the complexity of merging information technology systems delays integration, the FT reports.

Ballista gets funding

Ballista Holdings, operator of an ATS for block options and delta neutral orders, has received funding from a group of investors including the International Securities Exchange, Knight Capital Group, Morgan Stanley and Susquehanna Growth Equity.

Morgan Stanley taps Adobe Flex framework for new trading platform

Morgan Stanley has launched Morgan Stanley Matrix, a new trading Web application for institutional clients that allows rich, real-time collaboration through chat, video, sharing of trade ideas and charts, and execution and trade allocation.

LCH.Clearnet looks to deal with bidding consortium

LCH.Clearnet has responded to last week's EUR830 million offer from a consortium of banks and Icap by indicating its willingness to interweave elements of the bid with its own restructuring plans. Meanwhile, the clearing house is also set to restructure its technology platform in a bid to save millions of euros a year.

Icap consortium makes EUR830m LCH.Clearnet bid - FT

A consortium of 11 banks and interdealer broker Icap has launched an EUR830 million bid for LCH.Clearnet just weeks after the Depository Trust and Clearing Corporation called off its pursuit of the London clearing house, according to the Financial Times.

Goldman Sachs, Morgan Stanley and UBS in European dark pool pact

Goldman Sachs, Morgan Stanley and UBS have agreed a deal that will allow their clients to access each bank's European dark pools.

Revolution Money raises $42m

Revolution Money, an online interchange-free payments platform, has raised $42 million in funding from a group including a Goldman Sachs affiliate and existing investors Citi and Morgan Stanley.

Former Morgan Stanley operations VP charged with embezzlement

Richard Garaventa Jr., a former vice president at Morgan Stanley, has been arraigned at Manhattan's state Supreme Court on grand larceny and other counts. He maintains his innocence, but prosecutor Jeremy Glickman claims the 36-year-old defendant stole more than $2.5 million between September 2001 and December 2008.

Icap-led consortium preps counter-bid for LCH.Clearnet

UK interdealer broker Icap is part of a consortium of firms mulling a bid for LCH.Clearnet, in a move that could destabilise an agreed takeover of the London clearing house by the US-based Depository Trust and Clearing Corporation.

Morgan Stanley mulls back office and IT staff cuts - WSJ

Morgan Stanley and Goldman Sachs are considering a further round of job cuts, according to a Wall Street Journal report which cites people familiar with the deliberations.

Discover alleges Morgan Stanley had secret talks with Visa and MasterCard

In a lawsuit filed against Morgan Stanley, card scheme Discover claims that its former parent engaged in secret talks with its rivals, jeopardising its antitrust case against Visa and Mastercard and forcing it to agree to a lower $2.75 billion settlement than it might otherwise have been able to claim.

Discover and Morgan Stanley in dispute over settlement agreement

After reaching a $2.75 billion settlement with Visa and MasterCard, Discover Financial Services says it is in "dispute" with Morgan Stanley over the proportion of the money it should hand over to its former owner.

Banks collaborate on corporate loan marketplace

Bank of America, Credit Suisse and Morgan Stanley have come together to develop a new online hub for buy and sell-side institutions participating in the corporate bank loan market