On Sept. 23, 2016, the Federal Reserve issued proposed rules that could put pressure on investment banks, such as Morgan Stanley and Goldman Sachs, to divest certain energy assets and energy trading activities.
Morgan Stanley
Federal Reserve Proposes Rules Aimed At Banks Owning, Trading And Moving Commodities
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We will never sell or share your information without your consent. See our privacy policy.Energy News Roundup: Chesapeake Cuts Jobs, Is Now The Time For Oil Investment & Ohio’s Renewable Freeze
By Conor O'Sullivan
Chesapeake Energy announced it has cut about 15 percent of its workforce, or 740 jobs, as depressed oil and gas prices force deeper cost cutting. [CNBC] With Morgan Stanley and Goldman Sachs has just gone soft on energy following a recent $20 per barrel of oil prediction, some analysts are predicting prospective investments while prices… Keep reading →
Customer grid defection through self-generation and storage not good from societal point of view Utilities in the US and elsewhere facing rapid rise of solar PVs are more or less unanimous on two remedies to address the revenue erosion challenge facing them: First, reducing the incentives to self-generation and Second, increasing the fixed charges customers… Keep reading →
This Forbes piece profiles Noble Energy’s diverse portfolio of assets that may appear haphazard, but according to CEO Charles D. Davidson, “This isn’t an accident. This is a strategy.” [Forbes] A top oil and gas banker moves from Morgan Stanley to Credit Suisse. “Before making the move, Mr. McCabe was at Morgan Stanley, and has… Keep reading →
More efficient technology combined with low costs and good wind resources are making wind cost-competitive with some of the cheapest forms of fossil energy in the Midwest. “In the Midwest, we’re now seeing power agreements being signed with wind farms at as low as $25 per megawatt hour,” said Stephen Byrd, Morgan Stanley’s Head of… Keep reading →
Energy News Roundup: Four Traders Claim to Have Proof that BP, Statoil, Shell & Morgan Stanley Manipulated Oil Prices
By Conway Irwin
Four oil traders are claiming in a lawsuit that they can prove that BP, Statoil and Shell conspired with Morgan Stanley and trading firms such as Vitol to manipulate Brent crude prices. The traders say that the three oil companies placed orders to move markets, rather than buy crude. “Platts’ methodology ‘can be easily gamed… Keep reading →
Funding at least 30 cleantech deals and deploying more than $500 million in summer 2013 In case you were unplugged for a while this summer, here are the companies that took in cash from the greentech VC community in the last few months. If we missed any VC funding event since June, let us know… Keep reading →
The decade long reformation of energy trading now looks to be only the opening act of a transformation that Dodd Frank regulation and a newly aggressive – and costly – approach by federal regulators is set to propel into its next stage. Deregulation of energy markets, only partially finished by federal regulators before the collapse… Keep reading →
One of the most frightening scenes from the financial crisis unfolded in the staid environs of the Commodity Futures Trading Commission’s Washington offices, where the regulators charged with monitoring derivatives trade gathered together the heads of commodity trading from recently shamed Wall Street giants like Goldman Sachs and Morgan Stanley. The CFTC was a comparatively… Keep reading →
Poor performance for cleantech stocks this year may continue in 2013 despite some silver linings during 2012, a leading analyst and a panel of VCs recently warned.
Kevin Genieser, Managing Director and Global Head of Clean Technology Banking at Morgan Stanley, said that cleantech equities had underperformed this year despite a bright start to 2012 with three IPOs in the sector. Keep reading →
