Morgan Stanley is one of the world's largest diversified financial services companies, with a reputation for excellence in advice and execution on a global scale.

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Morgan Stanley reduces Q2 profit

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Morgan Stanley reduced second-quarter earnings per share by 2 cents after reaching agreements to end mortgage-related lawsuits. The firm said it may face additional claims from authorities in California.

People News: Goldman, Morgan Stanley, RBS.

For Hire

Barrick Gold has appointed former Goldman Sachs Vice Chairman J. Michael Evans as a director, joining his former colleague John Thornton on the board of the world’s largest miner of the precious metal.

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London's Biggest Trading Floors

Hot on the heels of the announcement that JPMorgan has spurned Canary Wharf and has chosen the 'Square Mile' for its new European HQ (St Alphage House in London Wall), most of the interest centres around the fact that, of the 1 million square feet that makes up the new building, there will be four giant trading floors of some 72,000 square feet each.

Drunken Analyst Said Fired After Trashing Colleague's Desk (HR Takes Picture)

Dealbreaker reports that, a couple of weeks back, a New York-based second year Credit Suisse technology analyst is said to have returned to the office (apparently over the weekend) rather the worse for wear, and trashed a colleague's work space (see pic to the right, which was seemingly taken by a member of the firm's HR Department for the employee's file).

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Morgan Stanley concerned about recruiting costs

Morgan Stanley posted wealth management results for the second quarter just a hair's breadth short of a key profitability target it set for the end of 2015, but bank executives remained concerned about the high costs of recruiting brokers.