HALISTER: Gorman: Morgan Stanley to Perform Better as Markets Rebound

Gorman: Morgan Stanley to Perform Better as Markets Rebound

(Bloomberg) -- James Gorman, the chief executive officer of Morgan Stanley, says: “As these markets start to rebound to a more normal environment, which is what we’re seeing now relative to early February, Morgan Stanley will obviously do better.” Talking on Bloomberg TV in Beijing, Gorman also says:
  • While China will face “some bumps” as the economy shifts to domestic demand, and bad loans will keep rising, the nation is still growing much faster than others and the four big banks are “tremendous earnings engines”
  • Negative rates in other countries won’t hold the Fed back from increasing interest rates
  • He guesses that Brexit won’t happen -- “the British have uncommon common sense”
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
MS US (Morgan Stanley)

People
James Gorman (Morgan Stanley)

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UUID: 7947283

HALISTER: Deutsche Bank Latin America CEO Said Planning to Leave Firm (1)

Deutsche Bank Latin America CEO Said Planning to Leave Firm (1)

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
DBK GR (Deutsche Bank AG)
BBDC4 BZ (Banco Bradesco SA)

People
Bernardo Parnes (Deutsche Bank AG)
John Cryan (Deutsche Bank AG)
Joseph Safra (Grupo Safra SA)

Topics
Financial Firm Departures
Management Changes

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UUID: 7947283

HALISTER: Viacom Said to Move Ahead With Studio Sale Despite Board Strife

Viacom Said to Move Ahead With Studio Sale Despite Board Strife

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
VIAB US (Viacom Inc)
CBS US (CBS Corp)
2341170Z US (National Amusements Inc)

People
Philippe Dauman (Viacom Inc)
George Abrams (Winer & Abrams)
Shari Redstone (Cinebridge Ventures Inc)
Sumner Redstone (National Amusements Inc)

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UUID: 7947283