New dissident move in Morgan Stanley board row

The group of eight former Morgan Stanley executives trying to unseat the bank's chairman and chief executive Philip Purcell, are to meet a shareholders' organisation which controls more than 36% of the investment bank's stock.

The New York Post reports that the meeting with the Council of Institutional Investors, a US pension fund activist organisation whose members represent more than 140 pension funds and control $3 trillion (€2.5 trillion) of assets, is set for June 7.

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Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is ReachedExternal link

Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is Reached