FINRA’s National Fraud and Financial Crimes Detection Programs has sent 50 cases to the SEC involving potential fraud by public companies related to COVID-19. So reports Think Advisor.
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Since the turmoil that seized the banking sector with the mid-March failure of Silicon Valley Bank, at least 21 advisors have left First Republic Bank, with 13 heading to Morgan Stanley. So reports AdvisorHub.
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Private equity group Reverence Capital Partners is courting suitors for a minority stake in wealth…
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The NFL Players Association has approved UBS to work with current and former players through…
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Morgan Stanley inked a deal to take over office space currently serving as a headquarters for BlackRock employees, according to sources. So reports Bloomberg.
Morgan Stanley will lease the approximately 400,000 square foot space at Park Avenue Plaza, at 55 E. 52nd St., for 15 years, according to a source. BlackRock is relocating to Hudson Yards in 2023.
The lease is one of the largest in the city since the start of the COVID-19 outbreak. Morgan Stanley bosses have repeatedly emphasized the importance in-office interaction among its employees.
Read the full article from Bloomberg.
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