All Posts Tagged With: "Morgan Stanley (MS)"

Investment banking giant Morgan Stanley (NYSE: MS) will be a significant beneficiary in the US government plan to sell off its stake in Citigroup (NYSE: C) over the course of 2010.  A contract between Morgan Stanley and the Treasury Department allows the company to charge a management fee for assisting in the sale of Citigroup [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

Banking analyst Meredith Whitney lowered her profit estimates for investment banks Morgan Stanley (MS) and Goldman Sachs (GS). Shares of both banks fell following the announcement.  On Thursday, shares of Goldman fell $4.06, to $160.93. Shares of Morgan Stanley were down $1.22 to $29.12. Both firms have come under increased scrutiny and criticism for their executive [...]