Feeds
Some semiconductor stocks finished lower Tuesday after a Morgan Stanley analyst downgraded the sector and individual stocks including Intel Corp. on a prediction that a boom in their share prices is in its "final innings."
The earnings reports from Wells Fargo & Co., Morgan Stanley and a handful of regional banks show there's a formula for prospering in a weak economy: a strong retail or investment banking operation and plenty of money on hand.
Morgan Stanley returned to profitability for the first time in a year as income from its investment banking operations offset losses in commercial real estate.
Fitch Ratings on Tuesday affirmed its debt ratings on Invesco Ltd. after the investment manager announced Monday that it would buy Morgan Stanley's retail asset management unit.
Morgan Stanley said Tuesday it will sell its retail asset management business, including the Van Kampen division, to money manager Invesco Ltd. for $1.5 billion in a move to focus on institutional clients.
Shares of Sina Corp. hit a 52-week high Monday after a Morgan Stanley analyst upgraded the Chinese Internet portal operator and said its advertising sales will grow 35 percent in 2010.
Investment bank Morgan Stanley announced a succession plan Thursday for its CEO, John Mack, that will occur at the end of the year. Here are short sketches of Mack, his successor James Gorman, and Walid Chammah, who will become the chairman of the bank's overseas operations, based in London.
Morgan Stanley's incoming CEO will be facing a drastically different landscape on Wall Street from when John Mack took over in 2005.
Morgan Stanley said Wednesday its president of Middle East and North Africa operations, Georges Makhoul, is leaving the bank.
Morgan Stanley is adding hundreds of jobs in trading and sales in hopes of ramping up profit in its emerging markets, foreign exchange, equity derivatives and prime brokerage businesses.
Chinese developer SOHO China Ltd. has agreed to buy a multistory office and retail complex in Shanghai, The Exchange, from Morgan Stanley's real estate fund for about $358.5 million.
Morgan Stanley said Thursday it paid $950 million to buy back warrants from the government that could have eventually been converted to common shares in the bank.
Shares of Savvis Inc. headed higher Tuesday after a Morgan Stanley analyst upgraded the computer network services provider saying it is ripe for a turnaround.
Mayor Michael Bloomberg is tapping a Morgan Stanley executive to be his new finance commissioner.
Morgan Stanley said Wednesday it lost more than $1.2 billion in the second quarter as it took charges to cover continuing losses in its real estate investments and its repayment of government bailout money.
Morgan Stanley on Monday agreed to pay a $500,000 penalty to settle federal regulators' charges that it misled customers in its Nashville office about the money management firms it recommended and from which it received commissions.
Mitsubishi UFJ, Japan's largest bank, and Morgan Stanley said Wednesday they will form a joint venture to pursue corporate financing business in the U.S., Canada and Latin America.
Morgan Stanley said Monday it has named Carlyle Group executive James Hance Jr. to its board, effective July 1.
Morgan Stanley said Wednesday it repaid the $10 billion it received last fall as part of the government's $700 billion bank investment program.
Morgan Stanley is expected to repay its government bailout money on Wednesday, according to a person familiar with the talks between the bank and the government.
The Treasury has given 10 banks permission pay back a total of $68 billion in government bailout money. The banks include the eight recipients of bailout money that passed regulators' stress test last month, plus the investment bank Morgan Stanley and Chicago-based custody bank Northern Trust Corp.
Morgan Stanley said Tuesday it will raise $2.2 billion through a stock offering as part of a plan to satisfy preconditions for repaying a government loan it received last fall amid the deepening credit crisis.
The race to repay federal bailout money could end up reducing the amount that taxpayers eventually get back.
Japan's biggest bank, Mitsubishi UFJ Financial Group Inc., said Monday it will swap $600 million of its preferred shares in Morgan Stanley for common stock to keep its voting rights stake of the U.S. bank above 20 percent.
Wall Street's Near-Death Experience (book excerpt]A hair-raising account of the searing events of fall 2008, and the frantic efforts to save Morgan Stanley, Goldman Sachs, et al. The book is titled Too Big to Fail, due out from Viking later this month, and the author is Andrew Ross Sorkin.
Bailout Oligarch Buys a Manhattan Townhouse with a 12-Car GarageMorgan Stanley's CEO John Mack has decided it's a good time to buy a Manhattan townhouse. This isn't your average townhouse, though. The entire first floor is a 12-car garage.
Morgan Stanley's Mack Plans to Hand CEO Job to Gorman John Mack, Morgan Stanley's chairman and chief executive officer for more than four years, will hand off his CEO duties at the end of the year to Co- President James Gorman.
No Economic Recovery in Sight: More Financial Chaos AheadNo Economic Recovery in Sight: More Financial Chaos Ahead By Bob Chapman, The International Forecaster (reposted on DProgram.net)
Bail-Out Bonuses at Banks that Got the Most $ from U.s. - $1 Million a Head...Hundreds and Hundreds of HeadsThousands of top traders and bankers on Wall Street were awarded huge bonuses and pay packages last year, even as their employers were battered by the financial crisis. More Articles
Morgan's Stanley teenage star: 'I understood banking within a week' Matthew Robson, the schoolboy who became an overnight sensation during a work experience stint at Morgan Stanley, said it took him only a week to "understand banking".
'Teenagers don't use Twitter': Morgan Stanley intern, 15, stuns businessmen with media reportA paper written by a 15-year-old schoolboy has sparked debate among leading internet businessmen. Matthew Robson, on work experience from his London school at US bank Morgan Stanley, was asked to describe his friends' media habits.
Economist declares 'train wreck' If you thought last week's job numbers were bad, take a look at the latest from Morgan Stanley's chief economist, Richard Berner.
The Big Bank Bailout Payback Bamboozle Last week was a milestone for US treasury secretary Tim Geithner. He finally got to play the hero.
Is Larry Summers Taking Kickbacks From the Banks He's Bailing Out?Is Larry Summers taking kickbacks from the banks he's bailing out?
Alice in FinancelandSo Citigroup is profitable because investors think it's failing, while Morgan Stanley is losing money because investors think it will survive. I am not making this up.
Banks Planning To Game Geithner's Investment Fund By Swapping Toxic Assets" Today, Financial Times highlighted another way in which financial institutions may be hijacking Geithner's plan.
Standard & Poors, Moody's, and Credit Rating Agencies contribution to the financial fiascoThis book is the story of my journey through the gluttony and dysfunctionality of 1990s Wall Street. But it also is a story about the roots of the 2008 market crisis.
RBS avoided £500m of tax in global deals | Business | The GuardianState-supported bank admits billions were put into schemes to cut tax bill.
Clint Eastwood is saddling up for the last time and that he has warrants for every crook, slime ball and miscreant on Wall Street and throughout the nation who contributed to the current financial disaster.
"...the equivalent of three levels of dog @!$%# "...The End of Wall Street's BoomA superb piece by someone who saw it coming 2 decades ago. Michael Lewis was somone who was at the nexus of the game a long time ago, and has managed to find another group of people for whom this crisis was vindication of what the corruption of free enterprise can lead to.
Morgan Stanley Offers Brokers Up to $3 Billion to StayMorgan Stanley wants to make sure it keeps the best-performing brokers after it forms a joint-venture brokerage firm with Citigroup's Smith Barney unit, so it plans to pay them a total of $2 billion to $3 billion to encourage them to stay with firm for up to nine years.
Stick Those TARP Funds Where The Sun Don't ShineFinally someone who understands that the morons on Capital Hill were doing nothing other then trying to get votes by angering the public when it was the representatives themselves that had the biggest hand in creating this mess. Who are they to FLOG ANYBODY???
Obama's Sallary Cap Has Caused Wall Street Banks To Appreciate The Cost of Doing Business With Uncle SamEven before the government announced its latest efforts to fix the troubled banking industry on Tuesday, executives at Goldman Sachs and Morgan Stanley said they wanted to repay the money quickly. Both banks received $10 billion under the first rescue plan last fall.
Morgan Stanley Hires Supertanker To Store 2,000,000 Barrels of Crude Oil In The Gulf of MexicoMorgan Stanley hired a supertanker to store crude oil in the Gulf of Mexico, joining Citigroup Inc. and Royal Dutch Shell Plc in trying to profit from higher prices later in the year, two shipbrokers said.
The 10 Worst Bailout "Boondoggles"What's the $144 billion Wall-Street bailout going to? Oh, crap... We've been screwed.
Digby: Carolyn Maloney for N.Y.'s Senate seatWhile Digby notes, humbly, that she's not a New Yorker and has no standing in this contest (of course, only Gov. David Paterson does), she makes a strong case for Maloney as the best candidate for the job.
Morgan Stanley Posts $2.36 Billion Loss - NYTimes.comMorgan Stanley reported a fourth-quarter loss of $2.36 billion — or $2.34 a share — on Wednesday, as the bank remained battered by old investments.
Have You Heard the One About the Banker? Bankers, it appears, can show contrition — under the right amount of duress. Facing a storm of criticism over his reported desire for a $5 million to $10 million bonus, John Thain, the chief executive of Merrill Lynch, requested on Monday not to receive a bonus at all.
Morgan Stanley Widens Goldman Sachs Loss View Morgan Stanley widened its fourth-quarter loss estimate on Goldman Sachs Group Inc , citing a fall in equity, credit and real-estate asset values in November, and rising negative marks on the firm's illiquid asset and principal investment portfolios.
Log In | Register
