Skip to: Content
Skip to: Site Navigation
Skip to: Search
WEDNESDAY, NOVEMBER 25, 2009
| Subscribe to Newser's RSS feeds RSS | Follow Newser on Twitter Twitter

NEWS ABOUT: Morgan Stanley

Morgan Stanley stories: 87 news summaries

61 - 80 of 87 Stories | << Prev 1 2 3 4 5 Next >>

Switch to grid view »

Morgan Stanley Cuts Off Home Equity Lines

Thousands whose homes' value has fallen see credit frozen

Aug 6, 08 2:07 PM CDT
(Newser) - Morgan Stanley has told thousands of its home-equity credit clients they can no longer draw on the lines, Bloomberg reports. Most had property values that had fallen, and were frozen to cut back on risk, a source said. A Morgan Stanley spokesman confirmed that “a segment of clients” had... More »

MORE ABOUT:
Morgan Stanley • credit market • home equity • home equity loans

MARKETS

 Oil, Earnings Woes Key Retreat 

Familiar factors push markets down

Jun 18, 08 3:34 PM CDT
(Newser) - The markets retreated today, battered by the familiar convergence of high oil prices and poor business performance, MarketWatch reports. Amid signs of broader malaise, financials dropped, and crude again topped $135 per barrel. The Dow fell 131.24 to close at 12,029.06. The Nasdaq lost 28.02 to... More »

MORE ABOUT:
Dow Jones • energy prices • Morgan Stanley • Lehman Brothers • Nasdaq • FedEx • S&P 500 • Fifth Third

Earnings

 Morgan Stanley Profits Fall 57%  

Business bad all around, with declines in sales, trading, and investment banking

Jun 18, 08 8:00 AM CDT
(Newser) - Morgan Stanley profits were sliced in half this quarter, the company announced today, as stock slingers failed to offset real estate writedowns. The 57% drop, which brought earnings to $1.03 billion or $0.95 per share, was in line with analyst expectations. CEO John Mack said that thanks to... More »

MORE ABOUT:
Morgan Stanley • earnings reports • bank • corporate earnings • investment banks

ANALYSIS

 Cramer:
 Never Seen
 Wall Street
 This Bad 

Analyst sees no end in sight for layoffs and write-downs

Jun 16, 08 12:02 PM CDT
(Newser) - While he steers clear of the Great Depression, everything else is fair game as reference in James J. Cramer’s apocalyptic appraisal of Wall Street for New York. In Cramer's 25 years, he's seen lots of implosions, but this one is different: With thousands of layoffs at major shops,... More »

MORE ABOUT:
Wall Street • Morgan Stanley • Bear Stearns • finance • Lehman Brothers • subprime crisis • JPMorgan Chase • opinion • financial crisis

Clear Channel, Buyers Sue Banks Over Soured Deal

Equity firms claim lenders backtracked on financing takeover of broadcast giant

Mar 26, 08 6:02 PM CDT
(Newser) - The two private-equity firms set to buy Clear Channel sued the group of banks they had engaged to fund the deal, the Wall Street Journal reports. Joined by Clear Channel, Bain Capital and Thomas H. Lee Partners accused the consortium—including Citigroup, Deutsche Bank, and Wachovia—of breaching contract by... More »

MORE ABOUT:
private equity • Citigroup • Credit Suisse • Royal Bank of Scotland • mergers and acquisitions • Clear Channel • Bain Capital • Thomas H. Lee Partners • leveraged buyouts • Morgan Stanley • Deutsche Bank

Earnings Report

Morgan Stanley Beats Estimates With 42% Q1 Drop

No. 2 investment bank beats analysts, but earnings fall again

Mar 19, 08 7:53 AM CDT
(Newser) - A day after posting its biggest gain on Wall Street in more than a decade—shares rose 18% to $42.86—securities firm Morgan Stanley today reported a second straight quarterly loss, as first quarter earnings fell 42% to $1.55 billion, from $2.67 billion a year ago, reports... More »

MORE ABOUT:
Goldman Sachs • Morgan Stanley • John Mack • Lehman Brothers • corporate earnings

Morgan Stanley Boss Faces Shareholder Pressure

Mack lambasted for taking excessive risk, accumulating debt

Mar 11, 08 9:25 AM CDT
(Newser) - With $11 billion in writedowns already on the books and a history of making risky trades and building debt, Morgan Stanley CEO and chairman John Mack is facing scrutiny from some shareholders, the New York Times reports. He has substantial support, but at least one activist group is pushing for... More »

MORE ABOUT:
Citigroup • Bank of America • Wachovia • Morgan Stanley • Merrill Lynch • John Mack • Washington Mutual • CtW Investment Group

Goldman Analysts Warn of Next Crisis

Commercial real estate outlook even worse than subprime situation

Mar 3, 08 4:10 PM CST
(Newser) - Commercial real estate could be the next victim of the current economic downturn, and if it is, expect it to cause another full-fledged crisis, the Wall Street Journal reports. Commercial real estate values could fall as much as 26% over the next 2 years, Goldman Sachs analysts predict, leading to... More »

MORE ABOUT:
real estate • Citigroup • Goldman Sachs • Morgan Stanley • Bear Stearns • Merrill Lynch • Lehman Brothers • mortgage backed securities • real estate values • commercial real estate • JPMorgan Chase

Oil Insanity Pinned to Speculators

Observers call current market 'hysteria' — and 'bubble'

Feb 28, 08 5:54 PM CST
(Newser) - Crude-oil prices have doubled in recent months, a development not linked to fundamental supply and demand—but rather, observers tell Der Spiegel, to rampant speculation among investors looking for a stable buck. The prospect of recession would typically drive prices down, but analysts say a decade-old oil investment rush by... More »

MORE ABOUT:
oil • Persian Gulf • OPEC • ExxonMobil • Morgan Stanley • Deutsche Bank • recession • crude oil • New York Mercantile Exchange • speculation • pension funds • Mercuria • Cushing, Okla. • Oppenheimer & Co.

For Hurting US Companies, World Supplies Band-Aid

In economic sea change, 'we need the money,' one US Rep. says

Jan 16, 08 12:02 PM CST
(Newser) - The subprime collapse has US financial institutions in uncharted waters—asking for help from foreign investors and governments, the Wall Street Journal reports. Citigroup, Merrill Lynch, and Morgan Stanley all have recently sought bailouts, a dramatic switch from a tradition that saw US banks coming to the “rescue of... More »

MORE ABOUT:
China • Saudi Arabia • Japan • Citigroup • subprime mortgages • Morgan Stanley • Merrill Lynch • Singapore • Abu Dhabi • Kuwait • sovereign wealth funds

In Need of Cash, Banks Looking to Sell

It's a buyers market as banks unload 'everything from branches to entire units'

Dec 28, 07 7:48 AM CST
(Newser) - Still in need of cash, as subprime writedowns continue to maul bottom lines, US and European banks are selling off or shuttering non-critical assets. They've already sold stakes to foreign investors and borrowed from central banks; now it's time for the yard sale, as the Wall Street Journal puts it.... More »

MORE ABOUT:
Citigroup • subprime mortgages • Morgan Stanley • UBS • Merrill Lynch • HSBC

Goldman Sachs Awards CEO $68M Bonus

Blankfein nets huge payday after bank avoids subprime tank

Dec 21, 07 8:07 PM CST
(Newser) - Goldman Sachs gave CEO Lloyd Blankfein a $67.9 million bonus for 2007, believed to be one of the largest such payouts in history, MarketWatch reports. The bonus includes $26.8 million in cash and $41.1 million in stocks. Goldman succeeded this year while rivals foundered in the subprime... More »

MORE ABOUT:
Wall Street • Goldman Sachs • CEO • Morgan Stanley • bonuses • Lloyd Blankfein • investment banks

Merrill Lynch Seeking $5B Cash From Singapore

Anticipating more writedowns, Merrill becomes the latest Western financial institution to look East for help

Dec 21, 07 7:49 AM CST
(Newser) - Facing a fourth-quarter writedown of an estimated $8 billion in subprime paper, Merrill Lynch is negotiating with Singapore’s state-owned investment fund Temasek Holdings for a $5-billion cash infusion, the Wall Street Journal reports. If the deal goes through, Merrill would join several other Western financial institutions bailed out by... More »

MORE ABOUT:
subprime mortgages • Morgan Stanley • UBS • Merrill Lynch

Morgan Stanley CEO Feels Heat

After 'embarassing' quarter, Mack could lose his swagger—
and his job

Dec 20, 07 11:37 AM CST
(Newser) - When John Mack became Morgan Stanley’s CEO in 2005, he told the company to take more risks. “You’ve lost your swagger,” he told his traders. Now, after several questionable moves and yesterday's staggering $9.4 billion writedown, swagger isn’t looking so hot—and Mack could... More »

MORE ABOUT:
subprime mortgages • CEO • Morgan Stanley • John Mack • Zoe Cruz • Saxxon Capital • Goldfish

Morgan Stanley Stuns With $9.4B in Writedowns

CEO gives up bonus in face of terrible performance

Dec 19, 07 8:10 AM CST
(Newser) - Morgan Stanley, the nation's second-largest investment bank, lost $3.59 billion this quarter, its first loss ever, after taking a whopping $9.4 billion in writedowns on mortgage-backed securities. CEO John Mack, who promised to give up his 2007 bonus as penance for the losses, also announced a $5-billion cash... More »

MORE ABOUT:
subprime mortgages • Morgan Stanley • earnings reports • John Mack • mortgage backed securities • writedowns

MARKETS

Markets Rally After Early Swoon

Good numbers from consumers make for bullish afternoon 

Dec 13, 07 3:43 PM CST
(Newser) - Thanks to two pieces of unexpectedly good news today, the markets erased early losses, the Dow climbing 44.06 to 13,517.96 after dipping to almost 13,350 this morning. Retail sales in November increased 1.2%, twice what watchers had estimated. And wholesale prices had their biggest one-month... More »

MORE ABOUT:
Dow Jones • Morgan Stanley • Merrill Lynch • Lehman Brothers • Nasdaq • retail sales • S&P 500

Morgan Stanley Warns of Recession

Housing slump, cost of borrowing could lead to 'perfect storm' in US economy

Dec 12, 07 6:11 PM CST
(Newser) - Morgan Stanley is warning that the US is headed to a recession, the Telegraph writes, indicating today that factors such as the continued housing slump and high cost of borrowing will lead to decreased demand and a “perfect storm” for consumers. A partial freeze on subprime mortgages and expected... More »

MORE ABOUT:
housing market • Morgan Stanley • recession • US economy

Struggling
Citi Names
Pandit CEO

Megabank looks to former Morgan Stanley prez to lead recovery

Dec 11, 07 2:19 PM CST
(Newser) - Citigroup today named Vikram Pandit its new CEO. The current head of private-equity and hedge-fund investments will be charged with leading the bank's recovery from staggering losses in the subprime collapse and a 38% drop in its share price this year. The ex-Morgan Stanley president joined Citigroup in April; he... More »

MORE ABOUT:
Citigroup • Morgan Stanley • Charles Prince • Robert Rubin • Vikram Pandit • Philip Purcell • Win Bischoff

MARKETS

Stocks Fall on Credit Worries

JPMorgan says earnings will drop at big brokerages

Dec 4, 07 3:39 PM CST
(Newser) - Stocks fell again today after JPMorgan Chase predicted that profits would drop at big brokerages. Meanwhile, lower oil prices lowered earning prospects for energy companies, reports Bloomberg. "Until credit loosens up, you can't get a solid footing in the market," says a manager. The Dow was down 65.... More »

MORE ABOUT:
stock market • Exxon • Chevron • Goldman Sachs • Federal Reserve • Morgan Stanley • Merrill Lynch • Lehman Brothers • JPMorgan Chase

MARKETS

Financials Drag Dow Down

Good vibes on mortgage deals steady markets

Dec 3, 07 3:38 PM CST
(Newser) - Bad news in the financial sector today meant the first bearish day for the market in five sessions, as Deutsche Bank’s negative prediction for fourth-quarter earnings pushed Morgan Stanley, Merrill Lynch, and Lehman Brothers downward. The Dow fell 57.15 to 13,314.57, the Nasdaq slid 23.83... More »

MORE ABOUT:
Dow Jones • Henry Paulson • Morgan Stanley • Deutsche Bank • Merrill Lynch • Lehman Brothers • Nasdaq • home builders • S&P 500

61 - 80 of 87 Stories | << Prev 1 2 3 4 5 Next >>


from our news partners