Revenues up 29%
Germany’s TUI retains 20% interest
Opens new private wealth office in Miami
Fitch, DBRS take differing views
Investment bank to spin off Discover credit card unit
Purchase of hedge fund firm latest step in strategy of growing alternative investment business
Morgan Stanley Investment Management announced that it has formed a strategic alliance with Avenue Capital Group, a New York-based investment manager with approximately US$12 billion in assets under management. Under the proposed agreement, Morgan Stanley will acquire a minority interest in Avenue, and Avenuewill remain an independent firm led by its current management team. Avenue […]
Commodities trading department expands its existing carbon and emissions platform
Firm to pay more than US$1 million for failing to supervise broker who defrauded 15 clients
Scope of violations indicate extensive reporting problems, regulator says