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Morgan Stanley overhauls leadership at FX options unit: Bloomberg
(Reuters) – Morgan Stanley <MS.N> has promoted Alex Silverman and Roland Jeurissen to co-head its FX options unit, which is the target of an internal probe, Bloomberg reported on Friday, citing people familiar with the matter. The business was being headed by Thiago Melzer, a senior Morgan Stanley trader, who has been linked to an […]
Nan fleeced hubby out of £46k to give to ‘US boyfriend’ who was actually fake
A husband woke up to find more than £46,000 missing from his bank accounts as his wife of 40 years fleeced him in order to gift money to her boyfriend. Patricia Passman, known as Tricia, sent a mixture of online bank transfers and Amazon vouchers to her online boyfriend in the United States. Tricia soon […]
Explainer: The transatlantic divide on how banks handle coronavirus loans
By Huw Jones LONDON (Reuters) – The United States has given banks a two-year break from provisions for loans soured by the coronavirus pandemic, seeking to keep credit flowing while borrowers struggle to stay afloat as economic activity grinds to a halt. Europe, meanwhile, is taking a less accommodating stance as the authorities on opposite […]