Morgan Stanley reported on Wednesday first-quarter net revenue of $3.0 billion and a net loss of $0.57 per diluted share. The bank's shares fell 4.1 percent before market open.
Citigroup reported better-than-expected results as an accounting benefit for distressed companies, cost-cutting and improved trading results helped offset red ink from consumer lending and credit cards.
Goldman Sachs Group Inc may succeed in its bid to pay back U.S. taxpayer money with the help of a $5 billion common share sale, but it may still not get the freedom it wants from intense public scrutiny.
Chrysler's creditors plan to make a counteroffer to the U.S. Treasury this week, in which they might ask for equity in a firm combining Chrysler with potential partner Fiat SpA in exchange for concessions, the Wall Street Journal reported, citing people familiar with the matter.
On Monday Goldman Sachs showed yet another sign proving the recovery of banks after it beat Wall Street expectations with its $1.66 billion profit for the first quarter of 2009.
Morgan Stanley's bottom line will be hurt by the recent rebound in its bond prices, the Wall Street Journal said.
Citigroup Inc named Michael Corbat permanent chief executive of Citi Holdings, a unit housing the Smith Barney brokerage and a variety of businesses and riskier assets that may be shed.
Five central banks in Europe, Japan and the United States said on Monday they have agreed to currency swap lines that enable the Federal Reserve to provide foreign currencies to U.S. financial institutions.
Fabrizio Gallo, Morgan Stanley's global head of equities, is leaving the Wall Street firm, according to a report in The Wall Street Journal.
Chrysler LLC's lenders are in talks with the U.S. government to reduce the automaker's debt by swapping some of it out for equity, new debt or a lesser amount in cash, sources familiar with the talks said on Friday.
Texas Instruments Inc has sued Citigroup Inc , Morgan Stanley and Bank of New York Mellon Corp , accusing the banks of misleading the chipmaker into buying $524 million of auction-rate securities that have become illiquid.
U.S. banks that have received government aid, including Citigroup Inc, Goldman Sachs, Morgan Stanley and JPMorgan Chase & Co, are considering buying toxic assets to be sold by rivals under the Treasury's $1,000 billion plan to revive the financial system, the Financial Times said.
U.S. banks that have received government aid, including Citigroup Inc, Goldman Sachs, Morgan Stanley and JPMorgan Chase & Co, are considering buying toxic assets to be sold by rivals under the Treasury's $1,000 billion plan to revive the financial system, the Financial Times said.
Mitsubishi UFJ Financial Group is the front-runner to buy Citigroup's Japanese brokerage Nikko Cordial Securities in a deal that could be announced as early as May, a person familiar with the matter said on Friday.
Patrick Mortimer, head of Morgan Stanley's (MS.N: Quote, Profile, Research, Stock Buzz) U.S. prime brokerage business, resigned this week amid declining assets and profits of hedge fund clients that make up the division's client base, the Wall Street Journal said, citing people familiar with the matter.
Morgan Stanley (MS.N: Quote, Profile, Research, Stock Buzz) is close to raising $6 billion for a new global property fund, falling short of its earlier target of $10 billion, sources with direct knowledge of the plan said on Tuesday.
In a dry quarter for deals, two massive pharmaceutical transactions helped catapult Morgan Stanley to the top of the league in global adviser rankings, bringing it up from the tenth spot a year earlier.
Mitsubishi UFJ Financial Group Inc and Morgan Stanley are set to announce this week a merger of their securities businesses in Japan, a source said, creating a new powerhouse to rival industry leaders Nomura Holdings and Daiwa Securities Group .
Mitsubishi UFJ Financial Group Inc is likely to take a 60 percent interest in the venture it is forming with Morgan Stanley to merge their brokerage subsidiaries in Japan, the Nikkei business daily said on Wednesday.
Mitsubishi UFJ Financial Group Inc is likely to take a 60 percent interest in the venture it is forming with Morgan Stanley to merge their brokerage subsidiaries in Japan, the Nikkei business daily said on Wednesday.
Citigroup Inc and Morgan Stanley will in the next few weeks announce plans to authorize or repurpose shares so they can have enough stock to compensate employees, the Wall Street Journal said, citing people familiar with the matter.
The U.S. Federal Reserve on Wednesday, in a surprise move, said it will buy up to $300 billion worth of longer-term U.S. government debt over the next six months and expand purchases of mortgage-related debt to help ease credit market conditions.
