- Bloomberg
Wall Street Banks Amp Up Rate Risk on Preferred Share Sales
(Bloomberg) -- Morgan Stanley and Citigroup Inc. are turning rate-cut fever to their advantage by selling investors preferred shares with the heaviest dose of rate risk in years.Most Read from BloombergTrump Risks Losing Voters He Needs With Loaded Attacks on HarrisParis Sticks to Olympics Opening Event Plans After Rail SabotageFed’s Favored Price Gauge Rises at Mild Pace, Spending Holds UpHarris Just Showed Why Trump Is So Afraid of HerThe Private Equity Staffer With a Shot at Olympic GloryThe
- Bloomberg
KKR Lines Up $2 Billion Debt Package for Instructure Acquisition
(Bloomberg) -- A group led by Morgan Stanley is providing a roughly $2 billion debt package to help finance KKR & Co.’s acquisition of educational software provider Instructure Holdings Inc., according to people with knowledge of the matter.Most Read from BloombergTrump Risks Losing Voters He Needs With Loaded Attacks on HarrisHarris Just Showed Why Trump Is So Afraid of HerStocks Caught in Tug of War Between Tech and Rest: Markets WrapTrump Won’t Commit to Debate Until Harris Formally Nominated
- Barrons.com
Morgan Stanley Raises Rates on Cash. It’s a Sign of Pressure Across Industry.
Morgan’s policy change comes as analysts question whether more wealth managers will be forced to pay higher interest on clients’ uninvested cash.
