‘The Morgan Stanley Fade’: U.S. Probe Dredges Up Years of Animus
- PE firms have long suspected some banks leak their block sales
- Morgan Stanley acknowledged probe, isn’t accused of wrongdoing
Signage outside of Morgan Stanley headquarters in New York, U.S.
Photographer: Jeenah Moon/BloombergThis article is for subscribers only.
As Morgan Stanley was elbowing its way to the top spot in Wall Street’s ruthlessly competitive business of helping investors sell blocks of stock several years ago, rivals at Credit Suisse Group AG added a slide to their pitch deck. The message, according to people who saw it: Don’t trust Morgan Stanley.
Was there a problem only at Morgan Stanley?