00:00A top Morgan Stanley banker in Hong Kong recently hit stand on what might be the worst email misfire of
00:06the year.
00:06Instead of a broad overview of markets, the email contained the bank's internal list of more than 100 deals,
00:13including planned IPOs spanning China, South Korea, and India.
00:18The document quickly becomes the top of the town in Hong Kong, where finance is king.
00:22So why is it such a big deal?
00:24Well, Morgan Stanley is Asia's biggest equity dealmaker.
00:28And the email also named names, including high-powered private equity funds involved in various deals with the bank.
00:36Not only were clients unhappy, the list was widely circulated among rival bankers,
00:41who swooped on the names to potentially poach clients and target deals.
00:46Others have said it wasn't such a big deal because most of the names were already known.
00:51Morgan Stanley itself went into damage control, setting up meetings with affected clients to apologize.
00:56The bank said it promptly addressed this inadvertent sharing of information.
01:02But to make matters worse, regulators in China and India have started assessing the incident,
01:08though it is unclear if that would lead to any action.
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