Morgan Stanley's underwriting of Zijin Gold International's Hong Kong IPO placed it and its U.S. investors at risk of regulatory, financial and reputational harm, a U.S. House of Representatives committee told the bank on Thursday.
BDCs have had a rough year so far. Yet, Q3 earnings data points indicate that the tide could be turning. While there are some tangible improvements in BDC business environment, many risks remain open.
Morgan Stanley launched a dedicated private company research page on Tuesday, according to an internal memo seen by Reuters, as investors' interest in high-growth startups rises.
Goldman Sachs and Morgan Stanley expect 10% to 20% correction in equity markets over the next 1-2 years. IMF, Fed Chair Powell and Bank of England Governor Bailey have warned of overvalued equities.
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