Banks' fourth quarter trading revenue falls 66 percent

2010-03-19T11:15:34Z

<div><p>NEW YORK (Reuters) - Trading revenue at U.S. commercial banks fell 66 percent in the fourth quarter, the Office of the Comptroller of the Currency said on Friday, as uncertainty over pending derivatives legislation added to a seasonal slowdow...

Website's instant posts of Wall Street research banned

2010-03-18T19:00:19Z

<div><p>NEW YORK (Reuters) - A Manhattan federal judge on Thursday barred the financial news service Theflyonthewall.com from issuing immediate news about analyst research from several Wall Street banks, often before recommendat...

SEC sues ex-NY loan trader over alleged kickbacks

2010-03-09T14:00:31Z

<div><p>NEW YORK (Reuters) - A former stock loan trader at Morgan Stanley and Bank of America Corp in New York received well over $100,000 of cash kickbacks by steering orders to other brokerage firms, the Reuters) - Gary Shedlin, who was most recently chairman of Citigroup's <C.N> investment banking effort for financial institutions, focusing on client relationships, is departing to join Morgan Stanley <MS.N>, ...

U.S. companies amass record cash vs debt: report

2010-03-05T12:00:37Z

<div><p>NEW YORK (Reuters) - U.S. corporate borrowers amassed the most cash relative to debt on record through the fourth quarter and will likely preserve cash levels this year, supporting corporate bonds, Morgan Stanley said on Friday.</p><p>Cash amounted to just under 30 percent of debt in...

General Growth shares rise in Big Board return

2010-03-05T08:46:02Z

<div><p>NEW YORK (Reuters) - Shares of General Growth Properties <GGP.N> rose on Friday, their first day back on the New York Stock Exchange, even as the U.S. m...

Morgan Stanley strikes deal to sell China bank stake: report

2010-03-04T08:46:15Z

<div><p>US banking giant Morgan Stanley has reached a deal to sell its 34.3 percent stake in investment bank China International Capital Corp., a report said Thursday, citing CICC's chairman.</p><p>The sale of Morgan Stanley's entire stake in CICC is still pending regulatory approval in

Morgan Stanley to sell China bank stake: report

2010-03-04T08:15:52Z

<div><p>Morgan Stanley has reached a deal to sell its entire 34.3 percent stake in China International Capital Corp., subject to regulatory approval, Dow Jones Newswires has reported.</p><p>"Our board has approved the ...

Morgan Stanley strikes deal to sell China bank stake

2010-03-04T06:15:47Z

U.S. economic terrorism the new winning trade

2010-02-26T19:15:23Z

<div id="subtitle">Credit default swaps not like any other insurance products</div><div><p>When Wall Street planned and executed the U.S. housing-bubble (and all its related scams), it destroyed the lives of tens of millions of Americans. Then when it subsequently crashed global markets, it inflicted hardship on most of the world. But the Oligarchs were just getting started. </p><p>As governments responded ...

Fed optimistic on changing Wall St pay

2010-02-25T15:00:35Z

<div><p>WASHINGTON (Reuters) - The Federal Reserve expects the largest U.S. banks to make progress this year in overhauling their pay practices, while acknowledging that more dramatic changes may take longer to implement, a Fed official said on Thursday.</p><p>Reuters) - When Matt Prendergast was laid off in 2008 after Bear Stearns collapsed, he expected to find a new job right away. With more than 20 years' experience as an investment banker, he thought he was sitting pretty.</p><p>A year and a ...

Morgan Stanley's Mack concerned about politics

2010-02-24T20:45:46Z

<div><p>CHARLOTTE, North Carolina (Reuters) - Morgan Stanley <MS.N> Chairman John Mack said on Wednesday he is disappointed that decisions coming from the Obama administration are be...

Morgan Stanley nears selling stake in Chinese bank

2010-02-23T09:00:57Z

<div><p>Banking giant Morgan Stanley is close to selling its 34.3 percent stake in investment bank China International Capital Corp. to US private equity firms in a one billion dollar deal, a source said.</p><p>The two firms are

KKR, TPG nearing Morgan Stanley CICC deal: sources

2010-02-22T22:15:08Z

<div><p>NEW YORK (Reuters) - Morgan Stanley <MS.N> is in late stage talks to sell its stake in China International Capital Corp to Kohlberg Kravis Roberts & C...

KeySpan to pay $12 million over NYC electricity prices

2010-02-22T16:30:25Z

<div><p>NEW YORK (Reuters) - KeySpan Corp will pay $12 million to resolve charges it violated U.S. antitrust law through a 2006 transaction designed to drive up electricity prices in New York City.</p><p>The Reuters) - The United States filed an antitrust lawsuit on Monday accusing KeySpan Corp of trying to drive up electricity prices in the New York City market.</p><p>In a complaint filed in Morgan Stanley names Jeffrey Shames, Edmond Moriarty to join investment management leadership</div><div><p>Morgan Stanley on Monday named two industry veterans to join its investment management leadership.</p><p>Edmond N. Moriarty III, who previously served as a ...

Morgan Stanley nears selling stake in Chinese bank: source

2010-02-22T12:17:11Z

<div><p>US bank Morgan Stanley is close to selling its 34.3 percent stake in China International Capital Corp., a key investment bank, to US private equity firms in a deal worth one billion dollars, a source said Monday.</p><p>The two fir...

Discover pays $775M to settle with Morgan Stanley

2010-02-22T09:51:07Z

<div id="subtitle">Discover pays Morgan Stanley $775 million to settle lawsuit over proceeds</div><div><p>Discover Financial Services said on Friday that it paid Morgan Stanley $775 million to settle a dispute over the proceeds from an antitrust lawsuit filed before Morgan Stanley spun off...

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