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Morgan Stanley eliminates home equity lines
Morgan Stanley has informed about 2,000 of its clients that they won’t be allowed to access their investments on home equity lines of credit.
After cuts, Morgan Stanley on hiring jag
The firm is wooing top-level executives in an effort to capitalize on regions with growth opportunities.
Morgan’s global commodity chief to retire
John Shapiro retires as Morgan Stanley has been stung by recent commodities trading losses.
Morgan’s retail unit gains speed
The retail business at Morgan Stanley now makes up a much larger slice of the investment bank’s earnings pie.
Trader said to cost Morgan $120 million
The problem occurred in the firm's credit products unit, which trades credit default swaps, credit derivative indexes and certain types of swaps.
Morgan Stanleys steep losses beat Street
The New York-based firm suffered a 61% second-quarter drop in profit but still beat analysts' expectations.
Morgan Stanley said to fire managers, execs
The firm has terminated up to 31 management- and directorial-level positions, according to Financial News.
Morgan cutting jobs in London office
Morgan Stanley began slashing jobs in its London offices this week with between 150 and 200 staffers already let go.
MSIM launches $4B infrastructure fund
The private-equity fund is part of a move to invest in sectors that haven’t been hit by the credit crunch.
Suits by day, guitars by night
Financial services professionals left their suits at home May 5 in a charitable effort to improve New York's schools.
Bear team jumps to Morgan Stanley
Brokers Steve Nakovich and Art Pancoe have $1.2 billion in assets and $4.8 million in combined revenue.
Morgan names head of India private-equity
Morgan Stanley will open a private-equity division in India next month and has hired Aluri Srinivasa Rao to head it.
Auction rate securities class actions are filed
A spate of class actions involving auction rate securities may be behind an expected rise in securities class actions this year.
Mack reelected Morgan Stanley president
John J. Mack has been reelected president of Morgan Stanley of New York, receiving 94.5% of the shareholder vote.
Separate broker/adviser oversight, brokerage exec urges
Brokerage firms and investment advisory firms perform very different functions, and the regulation of them should be kept separate, a Morgan Stanley executive said at a conference last week.
Morgan Stanley boasts big year in Asia
Revenue in Morgan Stanley's Asia business increased 79% to $5.87 billion in 2007.
Two Morgan managers out
A recent management shake-up at Morgan Stanley of New York has resulted in the ouster of two California managers.
Morgan sued on auction backed securities
The suit alleges the Morgan Stanley improperly marketed these securities and misled investors as to their liquidity.
Morgan Stanley streamlines retail management
Morgan Stanley & Co. Inc. of New York is cutting its four retail divisions down to two, creating a South/West division and a Northeast/Central division.
Morgan reports lower first quarter
The firm reported first-quarter net income of $1.5 billion, compared with $2.7 billion in the year-ago period.