FinTech Futures: Top five stories of the week – 5 May 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Morgan Stanley
Morgan Stanley reportedly set to cut 3,000 jobs by end of Q2
A dearth of deal making is to blame, Bloomberg reports, with a 32% decline in the bank’s merger advisory arm.
SEC fines 16 Wall Street firms $1.1bn for recordkeeping failures
For more than three years employees routinely used messaging apps on their devices to discuss business matters.
Video: Morgan Stanley at Finovate Europe 2022 – driving financial inclusion
FinTech Futures chats with Morgan Stanley’s Sanghamitra Karra about the importance of financial inclusion.
Morgan Stanley poaches UBS managing director Gerson
Gerson joins after two and a half years at the Swiss investment bank.
Blockchain start-up Securitize lands $48m Series B round co-led by Morgan Stanley
US banking giant says “we believe in the growth and adoption of digital asset securities”.
Morgan Stanley signs cloud partnership deal with Microsoft
Deal forms part of the US bank’s multi-cloud strategy.
Morgan Stanley fined $60m for improper disposal of personal data
The OCC found examples in 2016 and 2019 of failure to oversee third party companies.
Morgan Stanley blocks remote network access for China interns
Its decision to deny remote access to its China-based interns makes it an outlier among its US peers.
Morgan Stanley publishes greenhouse gas emissions on loans & investments
The bank is joining the Partnership for Carbon Accounting Financials.
“Operational efficiency” report ranks US commercial banks
Charles Schwab Premier Bank and Bank of America California scored highly.
Major banks assess COVID-19 working from home policies
A list of how some major banks are responding to COVID-19 remote working policies.
2020 Review: Top 10 M&A deals this quarter
A look back at some of the biggest deals this past quarter.
Banks test disaster recovery sites and send staff home amid coronavirus
Senior bank execs are concerned about broadband capacity at their employees’ homes.
A culture of innovation
Morgan Stanley is making waves with three wins at the Banking Tech Awards 2019.
Morgan Stanley plans 1,500 job cuts
US bank wants to protect itself from economic headwinds.
Former Morgan Stanley developers unveil new cryptocurrency exchange
Phemex calls itself “the most trustworthy cryptocurrency derivatives trading platform”.
Morgan Stanley and Box launch document sharing portal
The platform promotes communication between financial advisors and clients.
Top fintech stories this week – 15 February 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Morgan Stanley stocks up with $900m Solium acquisition
Wealthtech move marks its biggest deal since the financial crisis.
Morgan Stanley says yes to Yext for finance advice
Bank has digital brain wave for its financial advisors.
Goldman Sachs and Morgan Stanley go live with CLSNet
Automated FX services on the blockchain.
Morgan Stanley’s $15m funding FX ups Integral
Foreign exchange tech provider looking for more banking and broker action.
Where top US banks are betting on fintech – CB Insights
Research company CB Insights has mapped out where the top ten US banks are investing in fintech.
Top fintech stories this week – 18 August 2017
Catch up on Banking Technology’s top five fintech stories of the week – all in one place!
Top fintech stories this week – 23 June 2017
Catch up on Banking Technology’s top five fintech stories of the week – all in one place!
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 […]
Top fintech stories this week – 25 November 2016
Catch up on Banking Technology’s top five fintech stories of the week – all in one place!
Morgan Stanley and National Australia Bank to leave R3?
Morgan Stanley and National Australia Bank (NAB) are understood not to be renewing their membership with the R3 blockchain consortium.
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 […]
Top fintech stories this week – 29 April 2016
Catch up on Banking Technology’s top five fintech stories of the week – all in one place! Bank of Ireland ponders major IT overhaul Irish eyes are smiling… or at least weighing up their options. MSB and FDH Bank to merge on Temenos’ T24 core system The die has been cast. Neptune’s Rubikon crossed out. […]
Morgan Stanley cools blockchain buzz
Morgan Stanley has brought blockchain back to earth, calling it a “double-edged sword” because while it helps banks reduce clutter, profits could fall or shift to new players. In its 31-page report, “Global Insight: Blockchain in Banking: Disruptive Threat or Tool?”, the company predicts blockchain’s “widespread potential to disrupt financial intermediaries” but says there are […]
Hassan named chief digital officer at Morgan Stanley Wealth Management
Morgan Stanley has appointed Naureen Hassan as chief digital officer for Wealth Management, a new position in which she will lead the strategy and marketing of digital tools and platforms serving the firm’s 16,000 financial advisors and 3.5 million clients. Naureen Hassan served most recently as executive vice president, Investment Services Segments and Platforms at […]
Goldmans, JPM and Morgan Stanley plan reference data utility
Goldman Sachs, JP Morgan and Morgan Stanley are building a reference data utility with SmartStream, which they say will provide data normalisation and validation for all asset classes. The project aims to reduce costs for consumers of data in capital markets by economies of scale.
Markit masses support for open messaging service
Financial information services company Markit is aiming to create the largest financial markets messaging community and remove barriers to cross-market communication through its open messaging initiative and supporting technology, Markit Collaboration Services.
