Southpaw: Europe still the poor relation for Morgan Stanley despite the Gorman factor

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Southpaw: Europe still the poor relation for Morgan Stanley despite the Gorman factor

It’s not every quarter that you beat Goldman Sachs’s earnings. But that’s precisely what Morgan Stanley chief executive James Gorman has just done. However, despite re-energising the firm since taking over from John Mack last September, his European business remains underpowered.

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