Executive James Gorman, Fed, Dividend, Federal Reserve, Morgan Stanley

Executive James Gorman, Fed

Morgan Stanley plans to raise dividend when Fed allows: letter

Morgan Stanley plans to raise dividend when Fed allows: letter

2/4/2021 12:58:00 AM

Morgan Stanley plans to raise dividend when Fed allows: letter

Morgan Stanley plans to increase the dividend it pays shareholders when restrictions are lifted by the Fed eral Reserve, according to a letter ...

BusinessMorgan Stanley plans to increase the dividend it pays shareholders when restrictions are lifted by the Federal Reserve, according to a letter Chief Executive James Gorman sent to shareholders on Thursday.FILE PHOTO: People take photos by the Morgan Stanley building in Times Square in New York City, New York U.S., February 20, 2020. REUTERS/Brendan McDermid/File Photo

Tighter COVID-19 measures important as Singapore is on a 'knife’s edge': Lawrence Wong 13 new community COVID-19 cases, including 7 linked to Changi Airport cluster Police arrest man who allegedly used racial slurs, kicked woman in Choa Chu Kang

02 Apr 2021 05:30AMShare this contentBookmarkNEW YORK: Morgan Stanley plans to increase the dividend it pays shareholders when restrictions are lifted by the Federal Reserve, according to a letter Chief Executive James Gorman sent to shareholders on Thursday.

The bank also set a long-term goal of achieving a return on tangible common equity (ROTCE) above 17per cent, according to the letter.Advertisement(Reporting By Elizabeth Dilts Marshall; Editing by Chris Reese) Read more: CNA »

Triad Trails: Former secret society members lead tour on Chinatown’s seedy past

SINGAPORE — Pointing to a row of shophouses along Pagoda Street leading up to Chinatown MRT Station, a heavily-tattooed man tells the group behind him that the shops used to be opium dens in the 19th century.