Morgan Stanley and JPMorgan Review Ties with Odey Asset Management Amid Sexual Assault Allegations
Portfolio Pulse from Vandana Singh
Morgan Stanley and JPMorgan are reviewing their ties with Odey Asset Management amid sexual assault allegations against Crispin Odey. Morgan Stanley has begun terminating its prime broking relationship with Odey, while JPMorgan is also reviewing its relationship.
June 08, 2023 | 4:08 pm
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NEGATIVE IMPACT
JPMorgan is reviewing its prime broking relationship with Odey Asset Management in light of the sexual assault allegations against Crispin Odey.
JPMorgan's review of its relationship with Odey Asset Management may lead to a termination of the partnership, which could negatively impact its reputation and potentially result in a loss of business. This could lead to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Morgan Stanley is terminating its prime broking relationship with Odey Asset Management due to sexual assault allegations against Crispin Odey.
Morgan Stanley's decision to terminate its relationship with Odey Asset Management may negatively impact its reputation and potentially lead to a loss of business. This could result in a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80