FILE PHOTO: James P. Gorman, chairman & CEO of Morgan Stanley, testifies earlier than a Home Monetary Companies Committee listening to on “Holding Megabanks Accountable: A Overview of International Systemically Essential Banks 10 Years After the Monetary Disaster” on Capitol Hill in Washington, U.S., April 10, 2019. REUTERS/Aaron P. Bernstein

MONTREAL (Reuters) – Morgan Stanley needs to acquire majority possession of a three way partnership in China, however regulators there haven’t signed off on the thought, Chief Govt Officer James Gorman stated on Wednesday.

Morgan Stanley, the sixth-largest U.S. financial institution by belongings, has a mutual funds three way partnership in China known as Morgan…

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