Morgan Stanley-led banks face $500 million loss on Twitter debt to Elon Musk
By Paula Seligson Davide Scigliuzzo & Lisa Lee When banks led by Morgan Stanley agreed in April to help finance Elon Musk’s purchase of Twitter Inc., they were eager to aid an important client, the richest person in the world. Now neither Musk nor the banks have an obvious way to wriggle out of it. […]
Morgan Stanley to shift $120 billion to Germany in post-Brexit move: Source
FRANKFURT:Morgan Stanley is planning to shift around 100 billion euros ($121 billion) in assets to Frankfurt from Britain next year as a consequence of Brexit, a person with knowledge of the matter said on Thursday. Frankfurt’s banking scene has been one of the primary beneficiaries of Britain’s exit from the European Union as many big […]