(Bloomberg) -- After years of political turmoil, street protests and economic stagnation, Morgan Stanley say it’s time to buy Chilean assets again, including sovereign debt. Other banks and investors are yet to be convinced. Most Read from BloombergIndians Have Five Days to Deposit $3 Billion in Soon-to-Be-Withdrawn BanknotesChinese Gold Buying Is Driving a Paradigm Shift in BullionIndia-Canada Clash Should Be a Wake-Up CallBonds Fall, Dollar Rallies as Hawkish Fed Sinks In: Markets WrapHollywoo
Morgan Stanley, a leading investment bank, has made a significant divestment from SAMHI Hotels, an Indian hotel operator based in Gurugram. The extent of the divestment is yet to be confirmed, but exchange data shows that various Morgan Stanley funds sold a combined total of 64.6 lakh shares on Friday.
Goldman (GS) and other banks are likely to face class-action lawsuits for colluding to drive up interest rates paid on a popular municipal bond.