Musk’s Twitter deal deemed the ‘worst in Wall Street since financial crisis’

Musk’s Twitter deal deemed the ‘worst in Wall Street since financial crisis’

Seven lenders including Barclays and Morgan Stanley provided $US13 billion ($19.3 billion) in financing for the billionaire’s Twitter takeover. They’re still sitting on the debt two years later.

  • byJames Titcomb

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Raiz-ing the savings bar with a virtual coin jar
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Raiz-ing the savings bar with a virtual coin jar

By converting the coin jar savings method into online investing,Raiz Invest is helping thousands of people prepare for a more sturdy financial future.

  • byJames Pearson
Enter Dojo:Tesla’s AI supercomputer could be a $777b game changer

Enter Dojo:Tesla’s AI supercomputer could be a $777b game changer

Tesla shares have soared after a bullish report from Morgan Stanley about the company’s planned Dojo supercomputer.

  • byAbhishek Vishnoi andSubrat Patnaik
The $3.5 trillion Australian prize that has Wall Street salivating

The $3.5 trillion Australian prize that has Wall Street salivating

Morgan Stanley chief James Gorman has been tapping his Australian roots to access one of the world’s fastest-growing corners of global capital.

  • byRichard Henderson andAmy Bainbridge
Australian banks’ ‘consistently high’ NZ profits face new inquiry

Australian banks’ ‘consistently high’ NZ profits face new inquiry

The profitability of the big four banks’ New Zealand businesses will go under the microscope as part of a new inquiry launched by the NZ government.

  • byClancy Yeates
The Aussie who turned Morgan Stanley into a ‘killer machine’

The Aussie who turned Morgan Stanley into a ‘killer machine’

James Gorman will exit as Morgan Stanley CEO within a year after more than a decade in charge. After having a front-row seat during the GFC,the dealmaker has transformed the financial giant.

  • byLananh Nguyen
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Big Oil cashes in on ‘golden age of free cash flow’

Big Oil cashes in on ‘golden age of free cash flow’

Combined,the biggest Western oil companies are forecast to have made adjusted net income of $US36.5 billion ($54.6 billion) in the first quarter of 2023,according to data compiled by Bloomberg.

  • byWilliam Mathis andKevin Crowley
Morgan Stanley chief says banks need tougher oversight

Morgan Stanley chief says banks need tougher oversight

Australian James Gorman,global boss of Morgan Stanley,has backed rigorous oversight to limit banking crises and bankers’ poor decisions.

  • byClancy Yeates
US banking giant involved in cricket’s privatisation pitch

US banking giant involved in cricket’s privatisation pitch

American investment banking giant Morgan Stanley is part of Australian cricket’s bid to explore a privatisation model that would fundamentally reshape the game’s finances.

  • byDaniel Brettig
Which crisis? Wall Street’s big banks score $US1 trillion of profit in a decade

Which crisis? Wall Street’s big banks score $US1 trillion of profit in a decade

In a time marked by public anger at banks,tougher rules,geopolitical havoc,the pandemic and some treacherous market swings,the six giants of US banking have not only survived,but pulled in their biggest profits ever.

  • byMax Abelson andHannah Levitt
Elon Musk says he has $63 billion in financing ready now to buy Twitter

Elon Musk says he has $63 billion in financing ready now to buy Twitter

The Tesla billionaire says he has lined up $US46.5 billion ($63 billion) in financing to buy Twitter,putting pressure on the company’s board to negotiate a deal.

  • byTom Krisher andMatt O'Brien