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....
...Barclays has named Morgan Stanley veteran Scott McDavid as global head of equities and Goldman Sachs alum Ronnie Wexler, who most recently worked at crypto group NYDIG, as global head of equities distribution...
...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...
...Morgan Stanley beat the rush to declare in November that 2022 would be “the year of the stockpicker”....
...“I’m not going to be judged based on ETrade or Smith Barney or Solium or Mesa West or restructuring fixed income or selling physical commodities or shutting down our prop businesses,” says Mr Gorman....
...Barney....
...Here’s Morgan Stanley: The details of the allegations are worrying and appear to reflect poorly on the culture at the company, its internal processes and its lack of senior diversity....
...It’s clear the pressure is on Bristol and its advisers (including Morgan Stanley, Evercore and Dyal Co) to see this transaction through....
...Jacob Nell, chief UK economist, head of European economics, at Morgan Stanley: No....
...So far that strategy has focused on paring back the fixed income and commodities trading unit while digesting the 2013 acquisition of Smith Barney....
...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...
...Anthony Armstrong, head of technology mergers at Morgan Stanley who has helped sell a number of companies to the young private equity groups, believes they are blazing a new trail....
...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....
...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....
...Morgan Stanley Smith Barney (MSSB) brokers are considering seeking damages over a new trading platform that they claim is losing them clients....
...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....
...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....
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