Halister News

(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”