Citigroup, RBC Capital Markets, BMO Capital Markets and Canaccord Genuity acted as joint book-running managers for the public offering. National Bank of Canada Financial Markets, Scotiabank and Morgan ...

While Wells Fargo and Merrill Lynch paid $60 million for a "cash sweep" violation earlier this year, Morgan Stanley was ...

A decision by the Securities and Exchange Commission to close an investigation into the cash sweep program at Morgan Stanley ...

Wall Street giant avoids penalties as regulator ends yearlong review of interest treatment on idle client cash.

NSE’s latest application for a ‘no objection certificate’ (NOC) approval from the markets regulator was not cleared in March; ...

All amounts are in U.S. dollars unless otherwise stated ...

Morgan Stanley is among a long list of wealth managers facing questions about whether their handling of uninvested cash is ...

The company’s practice of moving brokerage clients’ uninvested cash into low-paying sweep accounts was under scrutiny.

In what may be viewed as a pre-emptive move, Morgan Stanley raised its advisory sweep interest rate from 0.01% to roughly 2% as of August 1, 2024—joining other firms aiming to ease regulatory tensions ...

The agency concluded its probe into the bank’s interest rate-related program. The bank still faces an investigation from a ...