Deutsche Bank has replaced Morgan Stanley as prime broker for the €80m ($97m) Olympus Euro fund, the hedge fund which is managed from London by Olympus Capital Management.

Deutsche Bank will lend the fund the stocks it needs to execute short selling and provide financing, reporting and settlement services.

Deutsche Bank replaces Morgan Stanley as Olympus prime broker

William Hutchings

Deutsche Bank

Morgan Stanley

Goldman Sachs

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The pact imposes a baseline tariff of 15% on the U.S.’s biggest trading partner.

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The leaders of America’s chip giants cheered the president’s artificial intelligence orders, which could help boost the domestic semiconductor industry.

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