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“#Morgan Stanley pledges $2M for struggling NYC street food vendors” James Gorman is playing Santa Claus to New York City’s struggling street food scene, which has been devastated by the pandemic. The CEO of Morgan Stanley said the bank has committed $2 million to keep the city’s street vendors afloat on top of a $375,000…
“#Goldman Sachs CEO to give bankers a half-day off to vote” Goldman Sachs chief David Solomon said Monday he will give staff a paid half-day off on Nov. 3 to vote in an election season marred by the coronavirus. “We recognize that the pandemic raises unique challenges for those who want to exercise this civic…
“#Is James Gorman of Morgan Stanley the next king of Wall Street?” Jamie Dimon has long been considered the King of Wall Street for running the nation’s largest bank, JPMorgan Chase, for 15 years — profitably and for the most part scandal-free. But there’s competition afoot for the crown, and it’s coming from an unlikely…
“# Former Morgan Stanley exec joins Gemini crypto exchange ” Major American cryptocurrency exchange Gemini is expanding the company’s business in the Asia-Pacific region with a new high-profile hire. Andy Meehan, a former executive at major American investment bank Morgan Stanley, has joined Gemini as chief compliance officer of the APAC region. Announcing the news…
“#Morgan Stanley officially closes all-stock E*Trade takeover deal” Morgan Stanley has closed its acquisition of discount brokerage E*Trade, the investment bank announced Friday. The all-stock deal — valued at $13 billion when it was announced in February — gives New York-based Morgan Stanley a new consumer-focused arm amid a boom in retail trading during the…
“#Goldman Sachs cutting jobs despite vow to freeze layoffs in 2020” Pandemic or no pandemic, there will be blood at Goldman Sachs. The Wall Street giant headed by David Solomon is moving forward with a plan to slash about 400 jobs — despite pledging earlier this year that the firm would freeze layoffs in the…