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Morgan Stanley

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Web site www.morganstanley.com
Ceo James P. Gorman
Revenue37. 94 billion USD (2017)
HeadquartersNew York City
New York
United States
Assets under management482 billion USD (2017)
Stock price MS
Disclaimer
Subsidiaries Discover Financial Services
Did you knowMorgan Stanley is the sixth-largest bank in the US by total assets ($865 B).
Movies/Shows The Return of Mr. Moto
Night Train to Paris
Troubled Waters
Séance on a Wet Afternoon
Hair of the Dog
Never Back Losers
Konga
Date of Reg.
Date of Upd.
ID497203
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About Morgan Stanley


Morgan Stanley is an American multinational investment bank and financial services company headquartered at 1585 Broadway in the Morgan Stanley Building, Midtown Manhattan, New York City.

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Metro Bank shares plunge on reports of urgent fund raising

Feb 16,2020 6:04 am

Metro Bank 's shares have plunged after reports it is seeking to raise millions to bolster its finances.

The Bank 's shares sank 23% in early trading, after several newspapers reported it needed to raise £600m.

Metro Bank refused to comment on the figure and The Urgency of The Talks but said it " continues to consider how best to optimise its capital resources".

The Bank started in The Wake of the financial crisis and was The First to open in the UK in More Than 100 years.

It positioned itself as a so-called " challenger" bank to the big High Street names, and now has about 2. 7 million customers.

But its shares had already suffered hefty falls last month after regulators refused to approve a request to lower the capital, or cash, requirements attached to its mortgage business.

The Bank was reported to be considering A Number of options to boost its balance sheet before some £350m worth of debt will need to be refinanced in October next year.

A share sale of some £100m is apparently on The Table , while that The Bank has asked advisers at Morgan Stanley to work on a deal with the hopes of raising about £350m in debt.

But there are concerns that The Firm might struggle to raise The Cash needed.

It returned to profit in the six months to The End of June this year, partly helped by higher interest rates.

This marked The First half-year profit The Bank had seen since an accounting scandal in 2019, when it emerged that risk attached to some of its loans had been underestimated.

Its current boss Daniel Frumkin said In July that 2023 would be a " transitional year" for The Bank .

But ratings agency Fitch placed Metro Bank on negative watch on Wednesday, citing concerns over its capital strength and funding, as well as its business model.

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Source of news: bbc.com

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