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FTSE 100 Live: Stocks hold flat as Standard Chartered rallies; energy cap revealed

FTSE 100 Live: Stocks hold flat as Standard Chartered rallies; energy cap revealed
proactiveinvestors.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.co.uk Daily Mail and Mail on Sunday newspapers.

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FTSE 100 Live: Stocks to shut higher as Standard Chartered drives gains

FTSE 100 Live: Stocks to shut higher as Standard Chartered drives gains
proactiveinvestors.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.co.uk Daily Mail and Mail on Sunday newspapers.

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Morgan Stanley forced Frasers off books with $1 bln margin call, court told

Morgan Stanley used an
unrealistic and inappropriate near $1.0 billion margin call
to force trades held by retail tycoon Mike Ashley s Frasers
group off its books partly out of snobbery, London s
High. ....

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Morgan Stanley forced Frasers off books with $1 billion margin call, court told

LONDON (Reuters) -Morgan Stanley used an "unrealistic" and "inappropriate" near $1.0 billion margin call to force trades held by retail tycoon Mike Ashley's Frasers group off its books partly out of snobbery, London's High Court was told on Wednesday. Ashley, whose fortune is estimated by Forbes to be worth $5.2 billion, told the first day of a two-week trial that the demand for collateral by the Wall Street bank, that had spurned him as a client three years ago, had left him in "total shock". Frasers is suing Morgan Stanley for about 47 million euros ($51 million) over alleged costs and lost trading profits after the bank imposed the margin call - security to cover possible losses - on the retailer's trading position in German fashion group Hugo Boss in May 25, 2021. ....

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