Morgan Stanley lost US$2.3 billion in its fourth quarter, ended Nov. 30, ending a string of three profitable quarters, the company reported Wednesday.For the quarter, the net loss was US$2.295 billion, compared with the net loss of US$3.6 billion in the fourth quarter of 2007.The loss from continuing operations for the fourth quarter was US$2.195 […]
Morgan Stanley today announced that it has begun new initiatives to use its financial advisors to help attract deposits.The firm said that it has started a campaign involving its 8,500 advisors to raise client awareness about the banking services available through its wealth management division.The Wall Street firm is also planning to introduce new bank […]
Equity deal strengthens bank’s capital position: Fitch
Goldman Sachs ratings moved to negative outlook
Mitsubishi UFJ Financial Group, Inc. today issued a statement in an effort to reassure the market that it intends to go ahead with its US$9 billion investment in Morgan Stanley Inc.“We have been made aware of rumors to the effect that MUFG is seeking not to close on our proposed investment in, and strategic alliance […]
Reduced U.S. exports and tight credit threaten an economy that’s now on the brink
The US$9 billion investment will bolster Morgan Stanley’s capital and liquidity positions
Morgan Stanley then reaches into an agreement in which 20% of itst equity would be sold to Japan's Mitsubishi UFJ Financial Group Inc.
Core client franchise achieved solid revenue growth, profitability
Trading losses have reduced confidence in investment bank’s risk controls