Japanese regulators heightening scrutiny over high-risk trades after Archegos collapse
The Financial Services Agency and the Bank of Japan will scrutinize how financial institutions that incurred losses had been managing transaction risks.
Seduced by Archegos' growth, Nomura took a chance on Sung Kook Hwang comeback
Hwang's appetite for huge bets on technology, media and other company stocks in the United States and Asia proved too lucrative for Nomura to resist.
Morgan Stanley doubles down in Japan to back MUFG’s wealth push
The New York-based lender has dispatched Darren Spencer, former chief operating officer of Morgan Stanley Private Wealth Management, to Tokyo to train staff.
A ¥1 trillion Mizuho fund sparks review of ESG labels in Japan
One of the goals of the review is to prevent firms from exaggerating or misrepresenting the environmental, social or governance benefits of their funds to attract investors.
Morgan Stanley fends off JPMorgan to keep top spot in Japan
Net income at Morgan Stanley’s majority-owned securities venture with Mitsubishi UFJ Financial Group grew 5 percent, helping it beat rivals for the fourth straight year.
Morgan Stanley-run ESG fund marks biggest Japan debut in 20 years
The fund has raised an initial amount of ¥383 billion, making it Japan's second-biggest launch of all time.
Morgan Stanley charts ambitious course with $13 billion E-Trade deal
Morgan Stanley said Thursday it will buy discount brokerage E-Trade Financial Corp. in a stock deal worth about $13 billion, the biggest acquisition by a Wall Street bank since the 2008-2009 financial crisis. Part of a broader consolidation in the discount brokerage sector, the move ...
Morgan Stanley ousts forex traders amid probe over concealed losses
Morgan Stanley fired or placed on leave at least four traders over an alleged mismarking of securities that concealed losses of between $100 million and $140 million, according to people with knowledge of the matter. Morgan Stanley is investigating the suspected mismarking, which was linked ...
Cost of stopping global warming is $50 trillion, Morgan Stanley estimates
The world needs to spend $50 trillion on five areas of technology by 2050 to slash emissions and meet the Paris Agreement's goal of halting global warming, Morgan Stanley analysts wrote in a report. To reduce net emissions of carbon to zero, the world would ...
Companies that employ the most women get the best returns, Morgan Stanley report shows
Employing more women brings a stock market boost, according to Morgan Stanley research on how diversity influences share prices. Annual returns for businesses that employ the highest proportion of women were 2.8 percentage points above those for the least diverse firms over the past eight ...
Morgan Stanley's Asia chief issues bearish 12-month view on emerging-market and Japan stocks
If you're counting on another great year for emerging-market stocks, you may be disappointed. That's what Morgan Stanley's chief Asia and emerging markets equity strategist Jonathan Garner suggested in a Jan. 15 report, arguing that early performance trends aren't reliable full-year predictors for developing markets. For ...
Sumitomo Mitsui overtakes Morgan Stanley as top yen-bond manager
Sumitomo Mitsui Financial Group Inc. is on track to be the biggest manager of yen-bond sales for the first time, suggesting its 2009 acquisition of Citigroup Inc.'s operations in the business is bearing fruit. Japan's second-largest bank managed ¥963.5 billion ($7.7 billion) in local currency-denominated ...
