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Morgan Stanley ‘shocked and saddened’ as Europe chair missing in Mike Lynch yacht disaster

Wealth Management Correspondent

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Morgan Stanley has said it is “shocked and saddened” to learn that international chair Jonathan Bloomer is missing at sea after tech entrepreneur Mike Lynch’s yacht sank off Sicily.

Specialist divers resumed searching for the six people missing on 20 August after the superyacht capsized and sank on 19 August. 

Morgan Stanley ‘shocked and saddened’ as Europe chair among missing in Mike Lynch yacht disaster

Jonathan Bloomer has chaired Morgan Stanley’s European arm since 2018

Kristen McGachey

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The Fed’s signal that it will cut rates less than expected complicates efforts by other central banks to manage their economies.

Bank of England Keeps Rates Steady After Fed Move

Palliser Capital doubled down on its call for a review of Rio Tinto’s dual listing in London and Sydney, adding that it now has the backing of more than 100 shareholders.

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In a 12-hour social-media barrage, the world’s richest man led a rebellion against a bill aimed at keeping the government funded.

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Aides kept meetings short and controlled access, top advisers acted as go-betweens and public interactions became more scripted. The administration denied Biden has declined.

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Indexes were lower in Europe’s morning trade, as markets digested hawkish comments from the Fed’s Powell which left investors blindsided, Richard Hunter, Head of Markets at Interactive Investor, said.

European Indexes Fall on Slower U.S. Rate Cut Projections

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