Morgan Stanley, the US investment bank, has hired Eric Grossman from corporate law firm, Davis Polk & Wardwell, as its new global head of litigation.

Grossman is a former colleague of Morgan Stanley's new chief legal officer Gary Lynch.

Mark Cobley

Morgan Stanley

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The UK lender has given the leading compliance job to a 20-year veteran

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The UK lender has tapped a veteran dealmaker to head up a key area of growth

Several big law firms are discussing $500 million in pro bono legal services with the White House to avert restrictions on their business, people familiar with the matter said.

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Treasury Secretary Scott Bessent helped persuade the president to take some time and negotiate with trading partners in the face of pressure from business leaders.

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Generative AI is going to reinvent virtually every customer experience and enable entirely new ones that have only been dreamed about, Amazon.com Chief Executive Andy Jassy said.

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Carney said the 90-day pause, and Trump’s pledge to negotiate new trading arrangements with dozens of countries, “will likely result in a fundamental restructuring of the global trading system.”

Trump’s Tariff Pause ‘Welcome Reprieve’ For Global Economy, Canada PM Carney Says

The BOE said that further sharp falls in asset prices are likely.

Bank of England Warns of Tariffs Threat to Stability of Global Financial System

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Lynch tempts Grossman from Davis Polk

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