Morgan Stanley


Fintech funding round-up: 7 June 2017

Fintech funding can be an intense blur of money, jargon and unerringly similar expansion plans. Here’s a round-up that gets to the heart of the matter. Features Plynk, IHS Markit, Barclays, Goldman Sachs, HSBC, Morgan Stanley and Wahed. Ireland’s Plynk, a money messaging app, has revealed a Series A raise of €25 million. Led by […]

Four banks team up to standardise repackaging transactions

Deutsche Bank, Morgan Stanley, Nomura International and Societe Generale have teamed up to produce documentation for use in listed and unlisted repackaging transactions. According to the banks, repackaged products provide the investor exposure to the underlying credit of an issuer and are specifically designed for the investor’s risk-return needs. In addition, cash flows can be […]

Trouble in the R3 paradise?

More than 60 of financial institutions around the world (including many top-tier banks) are involved in the R3 consortium, with considerable financial and resource commitments. The international consortium promises to build a common blockchain-based platform – called Corda – but the end-result is still a number of years away.

Thousands and thousand of times: a tale of an insider data breach

Eleonore Fournier-Tombs, RedOwl field data scientist, ponders the curious case of Galen Marsh, who stole masses of data from his former employee, Morgan Stanley, by using a very simple hack of the client data management system. In a climactic conclusion to an insider threat story that has been developing since 2015, Morgan Stanley agreed to […]

Morgan Stanley in $1bn cost-cutting exercise, Project Streamline

Morgan Stanley is going through a major cost-cutting initiative – Project Streamline – in an attempt to shed $1 billion in annual costs. James Gorman, Morgan Stanley’s chairman and CEO, outlined the Project Streamline components at a recent conference the bank hosted. Non-client travel expenses is a big part, he said, and this is already […]