Tag Archives: Morgan Stanley

Just weeks after being named Vice Chairman of Wells Fargo, Thomas Nides has decided to leave his post, with the former U.S. Ambassador to Israel instead turning his attention to recent events in the Middle East.

Thomas R. Nides will join the executive team at Wells Fargo, bringing experience as U.S. Deputy Secretary of State and COO of the U.S. State Department under the Obama Administration to his new role.

As a Board member of Veptas Inc. Tony Meola will also focus on developing strategic relationships for its technologies and services.

The digital evolution continues, as not one but three major financial players make moves toward a more FinTech-driven future. In a two-day span, Morgan Stanley, Misys, and D+H all announced initiatives that could shape the trajectory of the industry. At its Tuesday's Financials Conference, Morgan Stanley, a financial services and wealth management firm, announced it will launch a digital mortgage platform in 2018. Meanwhile, Misys, a financial software provider, and D+H, a financial technology distributor, announced the two firms will merge to form Finastra. Finastra will be the third-largest FinTech company in the world.

Global financial services firm Morgan Stanley is speaking out about the Treasury’s recent announcement of another rake hike—but not in the way you’d expect. Rather than denouncing the ...

Morgan Stanley has begun to fulfill its consumer relief obligations under a settlement with federal and state regulators in connection with mortgage-backed securities practices.

It has been a tough year so far for Morgan Stanley. So the news that the investment banking firm’s net income rose substantially and beat expectations came as welcome news.

Morgan Stanley Chairman and CEO James Gorman said that the investment banking firm is “committed to addressing the Fed’s concerns about our capital planning process and fully expect to meet their requirements within the established timeframe.”

According to the release of the investment banking firm’s Q1 earnings statement on Monday, citing market volatility during the first quarter, Morgan Stanley reported a net income decline of more than 50 percent year-over-year.

Morgan Stanley is the latest firm to settle federal and state probes concerning "deceptive" handling of mortgage-backed securities. The firm will be the fourth deal to be struck among big U.S. banks’ role in the 2008 financial crisis.