Morgan Stanley has been sued by a Virgin Islands pension fund that accused the Wall Street bank of defrauding investors by marketing $1.2 billion of risky mortgage-related notes that it expected to fail.
Morgan Stanley plans to overhaul pay plans for its top executives, deferring more of their compensation over time and benchmarking pay against rival firms, the Wall Street Journal reported Monday, citing people familiar with the matter.
U.S. regulators and legislators are investigating whether Wall Street investment banks deliberately sold risky structured securities to clients, and then bet on the securities failing, The New York Times reported on Wednesday.
French-based Icade will buy Compagnie la Lucette, another real estate firm, from Morgan Stanley to create a entity with a portfolio of over 5.7 billion euros ($8.2 billion).
Morgan Stanley Chief Executive John Mack is forgoing a year-end bonus for the third straight year, he said in a memo obtained by Reuters, putting pressure on other Wall Street CEOs to follow suit.
The U.S. brokerage watchdog is probing how Wall Street firms, including JP Morgan Chase and Citigroup Inc , offer stock research, two people familiar with the probe said on Friday.
Climate Showdown; Ryanair Ends Boeing Talks; Biggest Holiday Shopping Weekend
U.S. securities regulator FINRA has launched an inquiry into how Citigroup , J.P. Morgan Chase , Morgan Stanley and others offer stock ratings and research, the Wall Street Journal reported, citing people familiar with the matter.
In the lucrative business of underwriting and selling company stock, J.P. Morgan led the world's banks this year, earning an estimated $2.2 billion in fees, or nearly double what it hauled from the deals last year.
Citigroup Inc shares fell to their lowest level in four months on Thursday, a day after the bank's $20 billion stock and bond offering drew a cool reception on Wall Street and prompted the U.S. Treasury to delay plans to start selling off its Citi holdings.
Bailed-out U.S. insurer American International Group plans to file a prospectus for a multibillion-dollar IPO of its Asian life insurance unit before Christmas, the Financial Times reported on Thursday.
Global equities edged higher on Wednesday, led by banks after a report that global banking regulators are eyeing delaying the implementation of new capital rules, while gold and crude prices were also in demand.
Morgan Stanley named a company veteran to run its U.S. prime brokerage business, which offers services ranging from clearing trades to lending money to hedge funds.
The U.S. Federal Reserve's executive compensation reforms are not significantly burdensome for Morgan Stanley and Goldman Sachs as the two Wall Street giants largely met the new standards even prior to the credit crisis, Sanford C Bernstein said.
The interbank cost of borrowing dollars and euros held near record lows on Monday as the market
prepared for a U.S. policy decision and the final chance to get cheap one-year money from the ECB.
Morgan Stanley said on Sunday it hired former Merrill Lynch President and Chief Operating Officer Gregory Fleming to run its investment management group, the latest in a string of executive level changes.
Citigroup Inc's negotiations to repay its government bailout money might not be resolved until after the holidays, CNBC said on Thursday, citing a U.S. Treasury official.
(Corrects share price fall in last paragraph to down 4 cents from down 4 percent)
Morgan Stanley's incoming CEO, James Gorman, began putting his fingerprints on the firm, making its chief financial officer and the head of investment co-heads of its crucial institutional securities unit.
James Gorman, who takes over as Morgan Stanley's chief executive on January 1, has picked finance chief Colm Kelleher and banker Paul Taubman to run the company's institutional securities unit, the New York bank announced on Tuesday.
James Gorman, who takes over as Morgan Stanley's chief executive on January 1, plans to put finance chief Colm Kelleher and banker Paul Taubman in charge of the company's institutional securities unit, the Wall Street Journal reported citing a person familiar with the situation.
Translation company Language Line Services Holdings Inc hopes to go public in an initial public offering that would raise as much as $400 million.
