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FRIDAY, NOVEMBER 27, 2009
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NEWS ABOUT: Morgan Stanley

Morgan Stanley stories: 87 news summaries

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MARKETS

 Dow Drops 508 Points 

Fed's attempts to help do nothing for equities in the short term

Oct 7, 08 3:31 PM CDT
(Newser) - Stocks plummeted today, as actions by the Federal Reserve to prop up the commercial-paper market and hints of an interest-rate cut from Ben Bernanke failed to restore investors’ confidence, the Wall Street Journal reports. The Dow fell 508.39 to 9,447.11. The Nasdaq shed 108.08, closing at... More »

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Ben Bernanke • Dow Jones • Morgan Stanley • Nasdaq • S&P 500 • Mitsubishi UFJ Financial Group • financial crisis

OPINION

 New Wall Street: Less Risk, Less Innovation, Lower Pay

Era of investment banks ends

Sep 23, 08 1:49 PM CDT
(Newser) - When Goldman Sachs and Morgan Stanley ditched the investment banking model, it didn’t just mark the end of an era, it marked the end of Wall Street as we know it, the Wall Street Journal declares in an editorial today. And with investment banks gone, the US financial... More »

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Wall Street • Bank of America • Goldman Sachs • Morgan Stanley • Bear Stearns • Merrill Lynch • Lehman Brothers • investment banks

As US Firms Stumble, Japanese Banks Step Up

Failing only a few years ago, Japanese institutions rescuing US system

Sep 23, 08 11:27 AM CDT
(Newser) - Japan's big banks, themselves near collapse a few years ago, are reemerging as global powerhouses, Reuters reports, just in time to snap up stakes in foundering US banks.They've largely escaped Wall Street's credit meltdown by shying away from riskier investments since their own "near death," when they... More »

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Goldman Sachs • Morgan Stanley • Lehman Brothers • investment banks • Sumitomo Mitsui • Nomura Holdings • Mitsubishi UFJ Financial Group

Mitsubishi's $8.4B Will Buy Up to 20% of Morgan Stanley

Japanese firm reverses course, agrees to buy stake in Wall Street giant

Sep 22, 08 10:13 AM CDT
(Newser) - Japan’s Mitsubishi UFJ Financial Group has agreed to invest as much as $8.4 billion in Morgan Stanley, Bloomberg reports, in exchange for a stake of 10%-20% in the investment bank. The move by Mitsubishi—which last week said it planned to steer clear of investing in US banks—... More »

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mergers and acquisitions • Morgan Stanley • capital • investment • Mitsubishi UFJ Financial Group

(Newser) - Goldman Sachs and Morgan Stanley, the nation's last two major independent investment banks, have gotten permission to become bank holding companies, the Federal Reserve said tonight. A fundamental rearrangement of Wall Street, the move will allow them to create commercial banks, which would bolster their resources, while inviting increased regulation.... More »

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Goldman Sachs • Morgan Stanley • Bear Stearns • Merrill Lynch • Lehman Brothers • investment banks • JPMorgan Chase • financial crisis

Young Hopefuls Hit Hard by Credit Crunch

Interns give up dream
of retiring at 35 with house in Hamptons

Sep 21, 08 7:00 PM CDT
(Newser) - The sad eyes of interns watched Wall Street's precipitous drop all week. These "lackeys," who had worked all summer at investment firms, can no longer expect to  retire at 35 with houses in the Hamptons and "a closetful of Brioni suits and Hermès ties," David... More »

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Wall Street • Morgan Stanley • banking • job security • financial institutions • intern

ANALYSIS

Short Sellers Vilified But Vindicated

They may be vultures, but it's not their fault banks are in trouble

Sep 19, 08 3:36 PM CDT
(Newser) - In a memo to Morgan Stanley employees, CEO John Mack fumed that the investment bank was being attacked "by fear and rumors, and short sellers are driving our stock down." Today, following similar action in the UK, the SEC banned short selling of 799 financial companies to stem... More »

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Morgan Stanley • John Mack • SEC • Lehman Brothers • AIG • short selling • Financial Services Authority

Markets Give Morgan Stanley Breathing Room on Merger

Wachovia still a player as rising shares gives firms more time to think

Sep 19, 08 3:10 PM CDT
(Newser) - Morgan Stanley presses on with merger negotiations, but the beginning of a recovery in financial markets today means the bank will have more time to weigh options, Reuters reports. Talks continue with Wachovia and China Investment Corp., among others, but the firm "feels that it can slow down the... More »

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Goldman Sachs • Henry Paulson • merger • Wachovia • Morgan Stanley • China Investment Corp • bailout • financial crisis

 Morgan Stanley, WaMu
Edge Closer to Deals

WaMu readies for sale while Morgan mulls merger options

Sep 19, 08 3:07 AM CDT
(Newser) - Two of the biggest financial institutions in the midst of the market turmoil are moving closer to hammering out deals. Washington Mutual's suitors are believed to include Citibank, JP Morgan and Bank of America, insiders tell Bloomberg, while Morgan Stanley and Wachovia have stepped up merger talks, reports the New ... More »

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Bank of America • Wachovia • Morgan Stanley • Citibank • credit crisis • Washington Mutual • financial institutions • JPMorgan Chase • financial crisis

(Newser) - Morgan Stanley, one of the two big investment banks left standing in the economic rubble, is exploring a merger with Wachovia or another bank, the Wall Street Journal reports. Morgan Stanley officials have had preliminary talks with the other institutions as they scramble to shore up the company's plunging stock... More »

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Wachovia • Morgan Stanley • credit market chaos • banking industry

MARKETS

 Dow Plunges 449 Points 

SEC moves to restrict short selling

Sep 17, 08 3:41 PM CDT
(Newser) - Stocks plummeted again today as insecurity about the financial system gripped the markets, the Wall Street Journal reports. The AIG bailout proved to be of little comfort to traders, who quickly began betting on the next big firm to fall. The Dow closed down 449.36 points to 10,609.... More »

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Goldman Sachs • Dow Jones • Morgan Stanley • Nasdaq • AIG • credit crisis • financial sector • S&P 500 • financial stocks • financial crisis

midday MARKETS

 Bears Send Dow Down 350 

Morgan Stanley down as much as 40%

Sep 17, 08 11:45 AM CDT
(Newser) - Bears are running wild on Wall Street today, with the Dow down as much as 350 points by midday, MarketWatch reports. The Fed’s rescue of AIG seemed to do little to reassure investors, as the financial sector continued to plummet; Morgan Stanley fell as much as 40%, despite a... More »

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NASDAQ • Morgan Stanley • markets • AIG • Dow • S&P 500 • financial crisis

Morgan Stanley Likely Shopping for a Merger

No. 2 investment bank looks to avoid Lehman's mistakes

Sep 17, 08 7:25 AM CDT
(Newser) - Morgan Stanley is rumored to be considering whether to merge with a deposit-taking bank, reports CNBC, in the wake of Lehman's collapse after repeatedly shunning buyout offers. And while the company hasn’t yet found a partner, insiders say that its sliding stock price makes survival unlikely without a well-capitalized... More »

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merger • Morgan Stanley • AIG • bailout • investment banks

EARNINGS REPORT

Morgan Stanley Profit Dips, But Easily Beats Forecasts


Sep 16, 08 5:40 PM CDT
(Newser) - Morgan Stanley reported a 3% percent drop in third-quarter earnings but easily beat Wall Street expectations, Bloomberg reports. The investment bank's profit fell to $1.43 billion, or $1.32 per share from $1.47 billion, or $1.38, a year ago. Analysts expected 78 cents a share. The relatively... More »

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Wall Street • Morgan Stanley • earnings reports • financial markets • third quarter earnings • meltdown

ANALYSIS

 Denial Exacerbated Meltdown 

Banks, like homeowners, refused to believe how bad things really are

Sep 16, 08 1:04 PM CDT
(Newser) - The collapse of Lehman Brothers and the fire sale of Merrill Lynch are stunning developments, Joe Nocera writes in the New York Times, as is the fact Goldman Sachs and Morgan Stanley are the only big investment banks standing. But the turmoil isn’t simply the result of complex trading... More »

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Goldman Sachs • Morgan Stanley • Merrill Lynch • Lehman Brothers • mortgage debt • banking • subprime crisis • investment banks

ANALYSIS

Still Standing, Morgan Stanley, Goldman Face Bleak Times

Survivors will need to belatedly downsize

Sep 15, 08 6:27 AM CDT
(Newser) - With Bank of America buying Merrill Lynch, and Lehman brothers heading into Chapter 11, Goldman Sachs and Morgan Stanley are the last major independent investment banks standing on Wall Street. But having survived as the fittest doesn't guarantee an easy ride, reports the Wall Street Journal, as both will have... More »

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Bank of America • Goldman Sachs • Morgan Stanley • Merrill Lynch • Lehman Brothers

 10 Banks Form 
 $70B Fund to 
 Stave Off Crash 

Paulson brokers twin public-private liquidity measures

Sep 15, 08 5:27 AM CDT
(Newser) - Ten of the world's largest banks have formed a massive liquidity fund to mitigate the effects of the Lehman Brothers meltdown, reports the Financial Times. All the investment banks will be able to borrow up to a third of the $70 billion fund in order to reduce volatility and stay... More »

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Wall Street • Citigroup • Bank of America • Barclays • Goldman Sachs • Federal Reserve • Credit Suisse • Henry Paulson • Morgan Stanley • Deutsche Bank • UBS • Merrill Lynch • funds • Lehman Brothers • liquidity • investment banks • JPMorgan Chase

Banks Bracing as Their Own Debts Come Due

Billions in shorter-term, floating rate notes likely to prolong credit woes

Aug 27, 08 9:24 AM CDT
(Newser) - Billions of dollars worth of floating rate notes—vehicles used by banks to borrow money—taken out in 2006 are coming due in the next few months, and the industry is bracing for a wave of bank failures and asset sales as institutions struggle to pay off obligations, the Wall ... More »

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Goldman Sachs • Morgan Stanley • Merrill Lynch • debt • central bank • interest rate • credit crisis • floating rate notes

 3 More Wall Street Firms Agree to Buy Back Securities

Settlement reached after auction-rate securities market collapse

Aug 22, 08 2:23 AM CDT
(Newser) - Merrill Lynch, Goldman Sachs and Deutsche Bank have agreed to a settlement with New York's attorney general and other state regulators to buy back $14.5 billion of now worthless auction-rate securities. The brokerages will also pay $162 million in fines to settle charges that they misled investors into thinking... More »

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Citigroup • Goldman Sachs • Wachovia • Morgan Stanley • Deutsche Bank • UBS • Merrill Lynch • SEC • Andrew Cuomo • John Thain • auction-rate securities • JPMorgan Chase

Morgan Stanley, JPMorgan on Auction-Rate Probe Hot Seat

List of banks buying back bonds gets longer

Aug 12, 08 9:46 AM CDT
(Newser) - As New York AG Andrew Cuomo's office continues applying heat, banks are scrambling to react to the auction-rate securities crisis, the Wall Street Journal reports. Morgan Stanley said yesterday it will buy back about $4.5 billion of the illiquid securities—but a Cuomo spokesman called the move “too... More »

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Wachovia • Morgan Stanley • Andrew Cuomo • auction-rate securities • investment banks • JPMorgan Chase

41 - 60 of 87 Stories | << Prev 1 2 3 4 5 Next >>


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