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Ted Pick takes over a bank in great shape, adding capital markets credentials to Gorman's wealth play

Editor

David Wighton is a columnist for Financial News

James Gorman, the chief executive of Morgan Stanley, is one of the smoothest operators on Wall Street. So it comes as no surprise that the 

Can Morgan Stanley’s new boss live up to Gorman’s promise?

Ted Pick takes over a bank in great shape, adding capital markets credentials to James Gorman's wealth play

David Wighton

Morgan Stanley

Goldman Sachs

Banking

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The UK lender has given the leading compliance job to a 20-year veteran

Barclays hires Centerview dealmaker Woeber to lead global M&A

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The UK lender has tapped a veteran dealmaker to head up a key area of growth

Once an heir apparent for Larry Fink, Wiedman now tops the list of potential successors to PNC chief Bill Demchak.

PNC Names Former BlackRock Star Mark Wiedman as President

The European Union has a plan to counteract the swathe of tariffs U.S. President Trump is planning to impose on foreign goods, European Commission President Ursula von der Leyen said.

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The Japanese investment firm is entwining its fortunes with a company that expects to lose billions of dollars for years to come, in the hope that it will emerge as the leader in AI.

How Is SoftBank Funding Its Mega Investment in OpenAI? A Lot of Debt

The BlackRock CEO says he wants individuals to have better access to the menu of private and illiquid investments that have long been core holdings of pensions, endowments and other institutions.

Larry Fink Says Regular Americans Need Private Assets Too

The prospect of a radical escalation in the global trade war in the coming days has nearly doubled the probability of a recession in the U.S. economy in the next 12 months to around 35%, according to Goldman Sachs.

Goldman Sachs Lifts U.S. Recession Probability to 35%

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