Why a rate cut on 18 June will aggravate India's problems
Monetary policy will be less effective in dealing with the effects of a stagflation-type environment, says Morgan Stanley's Chetan Ahya.
StanChart to buy Morgan Stanley India wealth management arm
REUTERS - Standard Chartered(STAN.L) has agreed to buy the Indian wealth management unit of Morgan Stanley(MS.N), helping the British bank expand its private banking business in Asia's third-largest economy.The sale underscores growing consolidation of Asia's wealth management industry, which is struggling with rising regulatory costs and wafer-thin advisory fees.Morgan Stanley launched the sale ...
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