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230 Results from "Morgan Stanley"

/regulation

Morgan Stanley hit with £5.4 million fine after energy traders used WhatsApp

UK energy regulator Ofgem has fined Morgan Stanley £5.41 million over the use by traders of WhatsApp messages on private phones to discuss market transactions.

/cloud

FS giants team on open standards project for common cloud controls

The Fintech Open Source Foundation (Finos) is forming an open standard project to describe consistent controls for compliant public cloud deployments in the financial services sector.

/markets

More Wall Street giants back Versana syndicated loan platform

Deutsche Bank, Morgan Stanley, US Bank and Wells Fargo are the latest financial services players to back Versana, joining a $40 million capital raise for the syndicated loan platform.

/wealth

Morgan Stanley and Stripe tap into OpenAI's GPT-4

Morgan Stanley Wealth Management is tapping OpenAI's GPT-4 to deliver content and insights into the hands of financial advisors. Payments giant Stripe is also integrating GPT-4 into its products and services.

/regulation

Morgan Stanley fines bankers over messaging breaches

Morgan Stanley has doled out million of dollars in fines to its own bankers for conducting business over WhatsApp, in breach of a regulatory crackdown on the use of the popular messaging app.

/startups

Leading banks contribute to fintech onboarding with Enterprise Ready Questions

TechPassport has launched its Enterprise Ready Questions (ERQs) with contributions from fifteen tier 1 banks, including HSBC, Morgan Stanley, and Zopa Bank.

/payments

Alibaba sells $126 million stake in Paytm

Chinese e-commerce giant, Alibaba Group, sold a 3.1% stake in the Indian digital payments firm, Paytm, via a block trade on Thursday.

/regulation

Morgan Stanley, Goldman Sachs, among banks fined $1.1 billion by SEC

16 of Wall Street’s largest financial institutions been charged to pay a combined $1.1 billion to US regulators for not monitoring unauthorised employee messaging, announced the Securities and Exchange Commission (SEC) on Tuesday.

/security

Morgan Stanley hit with $35m penalty for device disposal failings

Morgan Stanley Smith Barney (MSSB) has been slapped with a $35 million penalty for failing to protect the personal identifying information (PII) of about 15 million customers.

/regulation

Banks to pay $1bn over traders' use of WhatsApp

A handful of Wall Street banks are preparing to pay up to $200m each to settle a case with the Securities and Exchanges Commission (SEC) and the Commodity Futures Trading Commission (CFTC) over the use of WhatsApp messages.

/inclusion

Morgan Stanley and Mastercard back credit-building startup TomoCredit

TomoCredit, the US startup behind a credit card designed to help first-time borrowers build credit history, has raised $22 million in a Series B funding round joined by Morgan Stanley's Next Level Fund and Mastercard.

/markets

Wall Street firms back DLT-based system for alternative assets

Wall Street players including BlackRock, Morgan Stanley and State Street are backing a new consortium led by iCapital that will build a distributed ledger-based system for alternative assets.