Hints and tips:
...The firm has made a number of well-timed and well-priced acquisitions like those of Smith Barney and the E*Trade broker network. But it’s also been acquiring brokers team by team....
...Autonomous driving group Mobileye’s bright start as a public company on Wednesday, therefore, will have been a great relief for majority owner Intel and the bankers at Goldman Sachs and Morgan Stanley who...
...mix after the 2008 financial crisis with the purchases of wealth manager Smith Barney, online trading platform ETrade and asset manager Eaton Vance....
...Barney....
...(FT) News round-up H2O/Natixis fallout, multiple stories to catch up via DD’s Rob Smith (FT) Ex-Morgan Stanley Banker Wins $1.6 Million Bonus in Lawsuit (BBG) Metro rejects takeover offer from Czech...
...Jacob Nell, chief UK economist, head of European economics, at Morgan Stanley: No....
...But under Mr Gorman the US bank has itself become far less focused on investment banking thanks to an expanded asset and wealth management business, fuelled by the acquisition of Smith Barney, formerly part...
...Some of the original buzz stemmed from turmoil at the big companies after 2008, with Smith Barney being sold to Morgan Stanley and Merrill Lynch to Bank of America....
...The Rise and Fall of Nations: Ten Rules of Change in the Post-Crisis World, by Ruchir Sharma, Allen Lane, RRP£25/WW Norton, RRP$27.95 Ruchir Sharma is head of emerging markets at Morgan Stanley Investment...
...Four firms dominate: Morgan Stanley – which bought Smith Barney two years ago and whose chief executive, James Gorman, is a former McKinsey partner – UBS, Wells Fargo and Merrill Lynch, which is owned by...
...Morgan Stanley Smith Barney neither admitted nor denied the charges, but consented to Finra’s findings....
...More than any of the other deals, the Morgan Stanley-Smith Barney transaction was transformational....
...That was still true for Morgan Stanley....
...This would threaten to outweigh any wider benefits to the UK economy coming from cheaper imported goods Melanie Baker, Jacob Nell, Morgan Stanley A vote to leave could see the UK flirting with recession...
...Morgan Stanley’s adjusted earnings per share strip out an 8 cents loss tied to its acquisition of Smith Barney, the retail brokerage that it has been buying from Citigroup, and a 6 cents gain from an accounting...
...It is not so strange to see companies sitting on cash, says Donald Robinson, chief executive of Palladiem and a former chief investment officer at Smith Barney and BNY Mellon’s Lockwood Advisors....
...There’s a ton of killer stats in there, including examples like the Morgan Stanley Smith Barney Spectrum Technical LP fund....
...More to the point, Citi’s had a rough time closing the Smith Barney transaction with Morgan Stanley, taking a $2.9bn hit when it lost a valuation dispute....
...Morgan Stanley Smith Barney (MSSB) brokers are considering seeking damages over a new trading platform that they claim is losing them clients....
...rest of Citi’s 49 per cent stake in Smith Barney by June 2015....
...Morgan Stanley Smith Barney has launched the first significant upgrade of its new trading platform in an attempt to address some of the problems identified by frustrated financial advisers....
...So Morgan gets Smith Barney for a price closer to its liking while Citi dumps another non-core business and improves its capital ratios — and stakeholders of both banks can be relieved the dispute is behind...
...Citi disclosed in a regulatory filing on Thursday that Morgan Stanley had valued Morgan Stanley Smith Barney, the retail brokerage, at 60 per cent less than had Citi, which values its 49 per cent stake at...
...of Smith Barney....
...The fund is being offered to Morgan Stanley Smith Barney’s “sophisticated” investors....
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