Greg Basso News Today

Barbara Wimberley Allen passed away. This is the full obituary where you can share condolences and memories. Published in the The Meridian Star on 2024-05-27.

Morgan Stanley used an unrealistic and inappropriate near $1.0 billion margin call to force trades held by retail tycoon Mike Ashleys Frasers group off its books partly out of snobbery, Londons High...

LONDON (Reuters) -Morgan Stanley used an "unrealistic" and "inappropriate" near $1.0 billion margin call to force trades held by retail tycoon Mike Ashley's Frasers group off its books partly out of snobbery, London's High Court was told on Wednesday. Ashley, whose fortune is estimated by Forbes to be worth $5.2 billion, told the first day of a two-week trial that the demand for collateral by the Wall Street bank, that had spurned him as a client three years ago, h...

The “rogue trader” Nick Leeson has claimed that Mike Ashley’s legal battle against Morgan Stanley exposes what could be the worst “risk management breakdown” since he triggered the collapse of Barings Bank.