Exclusive: Morgan Stanley commodities staff spooked by CEO comment

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By Lauren Tara LaCapra NEW YORK (Reuters) – During Morgan Stanley’s public earnings call earlier this month, Chief Executive James Gorman made a remark that hit his commodities staff like a bombshell: the bank plans to further “optimise” its business of owning and trading stuff like oil, natural gas, electricity and metals. So this past Monday, when co-head of the commodities business Simon …

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Exclusive: Morgan Stanley commodities staff spooked by CEO comment - Reuters India


Reuters India

Exclusive: Morgan Stanley commodities staff spooked by CEO comment
Reuters India
N) public earnings call earlier this month, Chief Executive James Gorman made a remark that hit his commodities staff like a bombshell: the bank plans to further "optimise" its business of owning and trading stuff like oil, natural gas, electricity and ...

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