Morgan Stanley CEO James Gorman Sees ‘Nothing Good About Brexit’

  • Firm will have to move workers, strand more capital abroad
  • CEO calls quarterly financial-reporting requirement ‘asinine’

Morgan Stanley's Gorman: Nothing Good About Brexit

Morgan Stanley will be forced to move some employees and their families out of London as a result of the U.K. vote to leave the European Union, and resulting disruptions will be a headache for the firm, Chief Executive Officer James Gorman said.

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