More than 2,000 brokers switched firms or went to independent brokerage houses in January, the highest number of movement in six months. Several big banks saw brokers head for the exit, including Morgan Stanley (NYSE: MS), Bank of America (NYSE: BAC), Wells Fargo (NYSE: WFC) and UBS.
A total of 360 financial advisers left the big [...]
All Posts Tagged With: "Morgan Stanley (MS)"
Brokers At Bank Of America (NYSE: BAC), Wells Fargo (NYSE: WFC) And Morgan Stanley (NYSE: MS) Head For Exits In January
Will Sharpened Clawback Provisions at J.P. Morgan Chase (NYSE: JPM), Bank of America Corp. (NYSE: BAC), and Morgan Stanley (NYSE: MS) Quiet Populist Rage?
The big banks continue to respond to the growing outrage focused on their compensation practices. The Wall Street Journal reports that many banks including J.P. Morgan Chase (JPM), Bank of America Corp. (BAC), and Morgan Stanley (MS) have announced enhanced provisions that will allow them to seize bonus compensation for employees whose bets or other [...]
January 28th, 2010 | Christopher | Comments | Continued
Morgan Stanley (NYSE:MS) To Change Bonus Plans In Response to New UK Tax
The battle over bank bonuses continues as Morgan Stanley (NYSE:MS) made plans to change their current bonus payment plans in response to government actions in the United Kingdom. The Wall Street Journal reported that Morgan Stanley plans to reduce its bonus payments to employees worldwide in response to a hotly contested new tax on bonuses [...]
January 21st, 2010 | John | Comments | Continued
Morgan Stanley (NYSE: MS) and Goldman Sachs (NYSE: GS) Compete Over Release of 4th Quarter Earnings
Fueled by public perceptions of their 2009 earnings, Morgan Stanley (MS) and Goldman Sachs Group Inc. (GS) are carefully timing their respective releases.
Goldman, anticipating intense public scorn and scrutiny over its projected bonus pool, would like to report as close to Morgan Stanley as possible to try to deflect some attention from the bonuses and [...]
J.P. Morgan Chase (NYSE: JPM), Morgan Stanley (NYSE: MS), Bank of America (NYSE: BAC) and Citigroup (NYSE: C) Expected to Report Declines in 4th Quarter Earnings
Analysts are cautioning that fourth-quarter investment banking earnings suffered a significant “early Christmas” slowdown on the back of falling fixed-income revenues. The warnings come just days before the start of the financial sector’s reporting season.
Analysts at J.P. Morgan (JPM) and Morgan Stanley (MS) issued reports Tuesday on the banking industry in which they estimated that [...]
Financial Crisis Committee Hearing In Full Swing, Goldman Sachs (NYSE: GS) CEO Blankfein Faces Questions, Bank of America (NYSE: BAC) CEO Moynihan Still On Deck
The Financial Crisis Inquiry Commission began its public hearing Wednesday with executives from the nation’s top banks. The Bipartisan panel has already began questioning Goldman Sachs (NYSE: GS) CEO Lloyd Blankfein and is set to speak with Bank of America (NYSE: BAC) CEO Brian Moynihan, JP Morgan (NYSE: JPM) Chief Jamie Dimon as well as [...]
January 13th, 2010 | mitch | Comments | Continued
NY Attorney General Cuomo Seeks Bonus Info From Bank Of America (NYSE: BAC), Citigroup (NYSE: C), JP Morgan Chase (NYSE: JPM), And Others
Amidst public displeasure and regulatory scrutiny over bonus payments, several large U.S. banks received a letter from New York Attorney General Andrew Cuomo requesting information on bonus allocations. The letter went to eight of the nation’s largest banks that received taxpayer money.
Bank of America (NYSE: BAC), Bank of New York Mellon (NSYE: ), Citigroup (NYSE: [...]
Morgan Stanley (NYSE: MS) Wins Antitrust Legal Battle Against Discover (NYSE: DFS), Awarded Nearly $800 Million
Morgan Stanley (NYSE: MS) received a ruling from a New York state Supreme Court Justice on Wednesday awarding the bank nearly $800 million; ordering Discover Financial Services (NYSE: DFS) to pay what was deemed as Morgan’s portion of an antitrust settlement with Visa (NYSE: V) and MasterCard (NYSE: MA).
Discover Financial, formerly owned my Morgan Stanley [...]
Morgan Stanley (NYSE: MS) tops Goldman Sachs (NYSE: GS) in M&A Activity
Morgan Stanley (MS) has beaten its arch-rival Goldman Sachs (GS) to the top of the mergers and acquisitions league tables
Although 2009 will hardly go down as a good year for mergers and acquisitions, Morgan Stanley advised on $585 billion of deals compared with Goldman’s $548 billion, according to data compiled by Mergermarket.
Overall, the value and [...]
Morgan Stanley (NYSE: MS) Awarded $800 Million Settlement from Discover Financial Services
Morgan Stanley (MS) won a key legal ruling in its battle with former credit-card subsidiary Discover Financial Services Inc. (DFS) over almost $800 million Morgan Stanley says it is owed.
In a ruling on Monday, New York State Supreme Court Justice Barbara Kapnick ruled that Discover was obligated to pay the amount as a special dividend [...]
Citigroup, Inc. (NYSE: C) and Wells Fargo & Co. (NYSE: WFC) Complete TARP Repayments
Wells Fargo & Co. (WFC) and Citigroup, Inc. (C) both repaid the government aid they received under the Trouble Asset Resolution Program (TARP).
Although expected, it wasn’t a foregone conclusion that Wells Fargo and Citigroup would repay their TARP funds by Christmas. Bank of America Corp. surprised investors by announcing plans to repay $45 billion in [...]
I am a Realtor trying to consumate a short sale for a senior citizen on social security with Citi holding ...
When you are down there, try the number 3 with sour cream... The green enchiladas are wonderful!!!!!! 
It would seem that they see the light at the end of the tunnel...I just hope that what they see ...