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White House says Dems trying to overturn 2016 vote

Bloomberg Donald Trump’s legal team says Democrats mounted a “brazen” bid to overturn the 2016 election, echoing the president’s aggressive posture in the first formal White House response to impeachment proceedings in the US Senate. Two people close to the team previewed how Trump’s lawyers plan to mount his defense over the coming weeks, largely tracking public statements the president ...

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BOE may cut rates even if key economic number improves

Bloomberg The most up-to-date measure of the UK economy looks set to improve this week — yet it might not be sufficient to deter the Bank of England (BOE) from cutting interest rates. With policy makers signalling they’re considering a rate cut to preempt possible weakness in the months ahead, and recent data backing their case, IHS Markit’s monthly survey ...

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Morgan Stanley’s drive to rein in costs starts with chief Gorman

Bloomberg Morgan Stanley just had its most profitable year on record. It wasn’t enough for its chief to land a raise. James Gorman’s compensation fell as the firm announced he will receive $27 million for 2019, according to a regulatory filing. That’s a 6.9% decline from the prior year and on par with the package the chief executive officer received ...

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