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....
...Barney....
...(NYT) News round-up DD Scoop: Australia’s Carsales.com joins groups circling Scout24’s auto unit (FT) DD Scoop: Facebook co-founder eyes direct listing for Asana (FT) Morgan Stanley to cut 1,500 jobs...
...Among the groups to have firmed up their plans, Baring Asset Management, the $300bn US group, is to open a Dublin office, while Morgan Stanley Investment Management has said it will expand its business in...
...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....
...Melanie Baker and Jacob Nell, UK economists, Morgan Stanley We expect inflation to rise through the BoE’s inflation target of 2% in March and to be close to 3% by end-17....
...Melanie Baker and Jacob Nell, UK economists, Morgan Stanley We expect the MPC to cut rates to 0.10% in May — a final cut to the new lower bound....
...Melanie Baker and Jacob Nell, UK economists, Morgan Stanley We expect growth to halve from 2 per cent in 2016 to 1 per cent in 2017 in a “slowburn slowdown”....
...Melanie Baker and Jacob Nell, UK economists, Morgan Stanley We think borrowing will increase....
...Melanie Baker and Jacob Nell, UK economists, Morgan Stanley Feel about the same as 12 months ago We have broadly the same view about the long-term impact of leaving the EU....
...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....
...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....
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