Archive for Morgan Stanley

Lossmaking Morgan Stanley sets aside 3.88bn for staff compensation

Morgan Stanley set aside 72pc of revenues for staff compensation despite delivering a 1.26bn £765m loss in the second quarter.

Morgan Stanley’s teenage star: ‘I understood banking within a week’

Matthew Robson the schoolboy who became an overnight sensation during a work experience stint at Morgan Stanley said it took him only a week to “understand banking”.

Rogue trader could have cost PVM Oil £400m

The “rogue trader” suspected of moving the oil price by up to 2 on Tuesday could have cost his employer 650m if the trade had not been discovered.

‘Rogue trader’ runs up £6m crude oil loss at London office of PVM Oil Associates

A rogue trader is suspected of causing 10m £6m of losses at the London office of PVM Oil Associates the world’s biggest broker of overthecounter oil derivatives.