The chief techology officer of Morgan Stanley reportedly used his IT budget to help win investment banking deals, and allegedly solicited sports tickets for himself in a potential violation of the US investment bank's in-house ethics code.

The New York Post reports that Guy Chiarello received tickets and services from IT vendors, and used the bank's IT budget to help win deals for the investment banking division, according to internal documents and emails obtained by the newspaper.

Morgan Stanley IT chief in potential ethics breach

Nick Clark

Morgan Stanley

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The Japanese company is taking a bigger bet on the potential of artificial intelligence as the technology improves and gains momentum.

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Aston Martin Raises Cash From Investors, Issues Profit Warning

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Just Eat Takeaway to Delist From London Stock Exchange

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Kevin Hassett has been named to lead the National Economic Council, while Jamieson Greer has been selected as the U.S. trade representative.

Internal company documents describe the bank’s weak anti-money-laundering controls and failure to complete due-diligence reviews as staff expressed alarm: “We need to kill this.”

How Morgan Stanley Courted Dodgy Customers to Build a Wealth-Management Empire

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How Morgan Stanley Courted Dodgy Customers to Build a Wealth-Management Empire