Gossip at Morgan Stanley is that Philip Purcell, chairman and chief executive, would love to merge with American Express and eventually hand over the reins to Mr Chenault.

• 摩根士丹利有传闻称，其董事长兼首席执行官裴熙亮(PhilipPurcell)乐意与美国运通合并，并最终把控制权交到陈纳德先生手中。