PYMNTS-MonitorEdge-May-2024

Morgan Stanley

Morgan Stanley is an American multinational investment bank and financial services company headquartered at 1585 Broadway in the Morgan Stanley Building, Midtown Manhattan, New York City.

Source: morganstanley.com

Banks Trim Pandemic-Fueled Headcount
Banks Trim Pandemic-Fueled Headcount
January 22, 2023  |  Personnel

Banks are set to undertake the largest wave of job cuts in 15 years amid declining revenues. Industry watchers told the Financial Times (FT) the...

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Morgan Stanley, DC Mayor Join Growing Back-to-Office Movement
Morgan Stanley, DC Mayor Join Growing Back-to-Office Movement
January 22, 2023  |  Personnel

Add the mayor of Washington, D.C., to the list of people calling for an end to remote work. As Politico reported Friday (Jan. 20), Muriel...

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South Korea Leads World in Per Capita Spending on Luxury
South Korea Leads World in Per Capita Spending on Luxury
January 13, 2023  |  Retail

South Korea reportedly leads the world in per capita spending on personal luxury items. The country’s citizens spend $325 per capita each year on these...

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Young Luxury Shoppers Often Still Living With Mom and Dad
Young Luxury Shoppers Often Still Living With Mom and Dad
December 13, 2022  |  Retail

Half of young adults are buying luxury goods because they still live rent-free with parents. The shock findings come in a new research note from...

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Banks Expected to Boost Loan-Loss Reserves for Third Consecutive Quarter
Banks Expected to Boost Loan-Loss Reserves for Third Consecutive Quarter
October 11, 2022  |  Banking

Bank loan-loss reserves are expected to increase for the third month in a row to as much as $4.5 billion as the nation’s six largest...

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Goldman Sachs and 15 Financial Firms Pay $1.1B to Settle SEC WhatsApp Probe
Goldman Sachs and 15 Financial Firms Pay $1.1B to Settle SEC WhatsApp Probe
September 27, 2022  |  Regulation

Goldman Sachs, Citigroup and other financial giants have agreed to pay regulators $1.1 billion in penalties for not monitoring employees using unauthorized messaging apps, according...

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El Salvador Weekly: Morgan Stanley Says Buy El Salvador Bonds (at 28 Cents on the Dollar)
El Salvador Weekly: Morgan Stanley Says Buy El Salvador Bonds (at 28 Cents on the...
July 23, 2022  |  Cryptocurrency

For months now, everybody’s been screaming that El Salvador’s bitcoin-as-currency experiment will bring the country’s economy down in ruins. Now Morgan Stanley has called time...

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Big Tech, Bank Workers Jumping Ship to FinTechs Up 75% Since Pandemic’s Start
Big Tech, Bank Workers Jumping Ship to FinTechs Up 75% Since Pandemic’s Start
June 06, 2022  |  Personnel

Big banks and tech giants are losing staff to FinTech startups, according to a new analysis from workplace intelligence firm Revelio Labs. As Bloomberg News...

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Apple Shares Drop After Morgan Stanley App Store Warning
Apple Shares Drop After Morgan Stanley App Store Warning
June 03, 2022  |  Apple

Apple shares fell Friday (June 3) after Morgan Stanley analysts warned that revenues from the company’s App Store had begun to slow. According to The...

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