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....
...’s Smith Barney....
...They formerly led Emea fixed income on Citibank’s syndicate desk and ESG-themed debt capital markets at Morgan Stanley, respectively....
...Smith & Nephew goes up to “overweight” at Morgan Stanley. A V-shaped recovery in kneecaps isn’t in the price, they say....
...Here’s Morgan Stanley: Most investors are now in our camp that the March lows will likely hold....
...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...
...She also has wide-ranging experience at financial institutions including Salomon Brothers, Citigroup, the New York Stock Exchange, Morgan Stanley and BIDS Trading....
...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 Post Brexit, we expect the UK to tighten immigration controls to meet the government’s “tens of 1000s” target....
...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....
...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....
...Boss James Gorman has shrunk reliance on the volatile fixed income business, the main source of pain during the crisis, and built up a wealth management arm by buying the Smith Barney brokerage from Citigroup...
...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...
...There’s a ton of killer stats in there, including examples like the Morgan Stanley Smith Barney Spectrum Technical LP fund....
...Morgan Stanley’s retail brokerage, a joint venture with Citigroup, rolled out the platform to all of 17,000 of its brokers in July, concluding a year-long project to replace old Smith Barney and Morgan Stanley...
...One said the underlying issues were Citi’s failure to pass stress tests earlier this year, a defeat on a “say on pay” vote and the handling of the sale of the bank’s stake in Smith Barney to Morgan Stanley...
...rest of Citi’s 49 per cent stake in Smith Barney by June 2015....
...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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