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WEDNESDAY, NOVEMBER 25, 2009
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NEWS ABOUT: Morgan Stanley

Morgan Stanley stories: 87 news summaries

81 - 87 of 87 Stories | << Prev 1 2 3 4 5

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Morgan Stanley
Dumps Cruz Over Subprime

One of Wall Street's most powerful women
is latest casualty

Nov 30, 07 8:51 AM CST
(Newser) - Morgan Stanley co-president Zoe Cruz has joined the ranks of subprime casualties, after the broker suffered $3.7 billion in mortgage-related losses in the first two months of the fourth quarter. Insiders said her leadership style and her 2005 backing of unpopular CEO Philip Purcell, who eventually was ousted, also... More »

MORE ABOUT:
Wall Street • subprime mortgages • Morgan Stanley • Zoe Cruz

Goldman Leads Wall Street Bonus War

Under pressure to
keep talent, losing
firms shell out big

Nov 19, 07 11:56 AM CST
(Newser) - The Big Five Wall Street securities firms will pay $38 billion in bonuses this year—up from $36 billion last year—while shareholders tote up $74 billion in losses, their worst year since 2002, Bloomberg reports. All but Goldman Sachs lost more than 20% of their market value, says an... More »

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Wall Street • Goldman Sachs • Morgan Stanley • Bear Stearns • Merrill Lynch • Lehman Brothers • investment bankers • bonuses

Citigroup Drags Stocks Down

Banking giant reports $11B in additional losses

Nov 5, 07 3:43 PM CST
(Newser) - Stocks closed down today after Citigroup announced $11 billion more in mortgage-related writedowns, reports Bloomberg. Early heavy losses reversed later in the session as investors calmed down, reports CNNMoney, but none of the major indexes moved into positive territory. The Dow was down 51.7 to 13,543.4, the... More »

MORE ABOUT:
stock market • Citigroup • Morgan Stanley • financial crisis

Stocks Edge Up on Mixed Day

Turmoil besets financial sector

Nov 2, 07 3:34 PM CDT
(Newser) - The major indexes saw small gains today despite turmoil in the financial sector and skepticism about a positive jobs report.  The Dow climbed 27.23 points to 13,595.10, the Nasdaq added 15.55 to close at 2,810.38, and the S&P 500 gained 1.21... More »

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Dow Jones • Morgan Stanley • Merrill Lynch • Nasdaq • financial sector • S&P 500 • job

Embattled Merrill Chief Stepping Down

O'Neal will announce departure; Fink leading contender for CEO

Oct 28, 07 6:53 PM CDT
(Newser) - Merrill Lynch CEO Stan O’Neal has decided to step down, the Wall Street Journal reports, after days of speculation about his likely ouster following $8 billion in writedowns for the bank, and reports that he had discussed a merger with Wachovia without board authorization. The list of potential... More »

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Wall Street • Goldman Sachs • Wachovia • Morgan Stanley • Merrill Lynch • mortgage backed securities • Stanley O'Neal • Laurence Fink • BlackRock • Gregory Fleming

Morgan Stanley 2nd Quarter Wallops Rivals

Profits spike 40% as subprime slump smacks rest of sector

Jun 20, 07 10:23 AM CDT
(Newser) - Morgan Stanley released far better-than-expected earnings figures today, with net income up over 40% in the last quarter. Riding strong fixed-income sales and trading figures, profits rose to $2.58 billion, up from $1.84 billion last year. That's a far cry from rivals Goldman Sachs and Bear Stearns, whose... More »

MORE ABOUT:
Goldman Sachs • subprime mortgages • business • Morgan Stanley • Bear Stearns • John Mack • second quarter earnings

International Banks Face Trial in Italian Court

Morgan Stanley, others indicted in wake of Parmalat bankruptcy

Jun 13, 07 10:15 AM CDT
(Newser) - Four gold-plated investment banks have been ordered to stand trial for alleged market manipulation for their roles in advising Italian dairy giant Parmalat, which declared bankruptcy in 2003. Italian prosecutors say Morgan Stanley, Deutsche Bank, UBS, and Citigroup allowed Parmalat to manipulate its finances, helping it to defraud investors even... More »

MORE ABOUT:
fraud • Citigroup • bankruptcy • Parmalat • Morgan Stanley • Deutsche Bank • UBS • bank

81 - 87 of 87 Stories | << Prev 1 2 3 4 5


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