Core client franchise achieved solid revenue growth, profitability
Trading losses have reduced confidence in investment bank’s risk controls
Morgan Stanley reports that it has been retained by the U.S. Department of the Treasury to provide advice regarding Treasury’s handling of Fannie Mae and Freddie Mac.As part of that assignment, Morgan Stanley will support the Treasury’s work to promote market stability and the availability of mortgage credit, it said. The firm is not being […]
Morgan Stanley economists see increasing downside risks to the U.S. economy, and say the U.S. Federal Reserve Board will likely be unable to raise rates to combat inflation as a result.“Despite a rescue package from the Treasury and the Fed, ongoing losses in mortgages and uncertainty about the ability of the housing Government-Sponsored Enterprises (GSEs) […]
Morgan Stanley announced that it plans to sell half of its stake in MSCI Inc.
Fixed income sales and trading revenues plunge
New global high-tech operations centre
Bank of Canada expected to cut rates agressively
Recession “fully evident”
1,000 jobs to be cut in U.S., UK