• Morgan Stanley's CEO let it slip just how many billions the bank is spending on tech

    2 monthes ago - By Business Insider

    Morgan Stanley is spending billions both to bolster its existing technology infrastructure and to invest in new technologies.
    Specifically, the bank's tech spend is about $4 billion per year, CEO James Gorman said.
    As a percentage of its overall expenses, Morgan Stanley could be devoting twice the amount to tech spend as Citi.
    Morgan Stanley is spending around $4 billion annually to invest in technology, CEO James Gorman said on Tuesday.
    That's around 40% of the firm's $10.3 billion expense budget excluding compensation costs in 2017. Still, it's not clear if the figure Gorman mentioned...
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  • Morgan Stanley's CEO let it slip just how many billions the bank is spending on tech

    Morgan Stanley's CEO let it slip just how many billions the bank is spending on tech

    2 monthes ago - By Business Insider

    Morgan Stanley is spending billions both to bolster its existing technology infrastructure and to invest in new technologies.
    Specifically, the bank's tech spend is about $4 billion per year, CEO James Gorman said.
    As a percentage of its overall expenses, Morgan Stanley could be devoting twice the amount to tech spend as Citi.
    Morgan Stanley is spending around $4 billion annually to invest in technology, CEO James Gorman said on Tuesday.
    That's around 40% of the firm's $10.3 billion expense budget excluding compensation costs in 2017. Still, it's not clear if the figure Gorman mentioned...
    Read more ...

     

  • A trading unit Morgan Stanley left for dead could be 'the most exciting business' if 2 things happen

    A trading unit Morgan Stanley left for dead could be 'the most exciting business' if 2 things happen

    2 monthes ago - By Business Insider

    Morgan Stanley's chief executive officer James Gorman thinks fixed income could be an exciting business for the bank if two things happen.
    It's a business that crushed it in the first three months of the year. But it's also one the bank left for dead in 2015.
    A trading unit at Morgan Stanley has made a big turnaround, and chief executive James Gorman now thinks there's a chance it could again become red hot.
    Gorman, speaking at the Morgan Stanley US Financials Conference in New York on Tuesday, said fixed-income trading could be the "most exciting business" if two things play out.
    Fixed...
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  • Morgan Stanley's 'most attractive business' is fixed income: CEO

    Morgan Stanley's 'most attractive business' is fixed income: CEO

    2 monthes ago - By Reuters

    NEW YORK - Morgan Stanley Chief Executive Officer James Gorman called the bank's fixed-income group its "most attractive business" on Tuesday at a conference the Wall Street firm held in New York.
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