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Morgan Stanley’s virtual mega-bank model pays offThe Wall Street firm is funding a whopping $33.5 bln loan for Bristol-Myers’ purchase of Celgene through its decade-old alliance with Japan’s MUFG. Acting like one bank gives Morgan Stanley bragging rights and a chance to play alongside rivals with much bigger balance sheets. AntonyMCurrie Shame on Union Bank
Source: Breakingviews - 🏆 470. / 51 Read more »
Hedge fund managers are betting big against these 12 stocks, Bank of America saysAround 85% of short interest in stocks is from hedge funds, according to Bank of America Merrill Lynch.
Source: BusinessInsider - 🏆 729. / 51 Read more »