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Bank legal teams dread knock-on effect as Citi cuts 20% of workforce
Banking lawyers have expressed concern that the prolonged economic turmoil will lead to further in-house job cuts, as Citigroup this month became the latest bank to announce redundancies. Fifty-two thousand jobs will go at the bank worldwide on top of the 23,000 redundancies made earlier this year & ... more »
Legal Week  –  Nov 27, 2008 05:35 AM [GMT]  –  comment?
found in Business: Law and Taxation
Co-presidents steer makeover at Morgan Stanley
Morgan Stanley faces the challenge of figuring out where to go after declaring itself a bank holding company. Drawing up the road map are its presidents, Walid Chammah and James Gorman.
International Herald Tribune  –  Nov 26, 2008 7:14 PM [GMT]  –  comment?
found in Business
Tech stocks fall in early trading as Amazon, eBay slip
SAN FRANCISCO (MarketWatch) -- Technology stocks slid into the red after the opening bell Wednesday. The Nasdaq Composite Index was down 1% to 1,451 while the Morgan Stanley High-Tech Index was off 0.8%. The Dow fell more than 160 points as negative economic data was released ahead of the Thanksgivi ... more »
MarketWatch.com  –  Nov 26, 2008 2:36 PM [GMT]  –  comment?
found in Business: Markets
Morgan Stanley purchases 20% stake in Hangzhou Trust
HONG KONG (MarketWatch) -- Morgan Stanley has bought a 19.9% stake in Hangzhou Industrial & Commercial Trust Co. for 200 million yuan ($29 million), according to a statement by the two companies Wednesday. Hangzhou Trust focuses on investment banking and asset management and has 400 million yua ... more »
MarketWatch.com  –  Nov 26, 2008 08:51 AM [GMT]  –  comment?
found in Business: Markets
Extreme Makeover at Morgan Stanley
The former investment bank, now a bank holding company, plots its future.
New York Times  –  Nov 26, 2008 03:12 AM [GMT]  –  comment?
found in Business
US pumps another $800bn into mortgage and credit markets
US authorities escalated their economic firefighting programme yesterday by pumping $800bn (£500bn) into the mortgage and consumer credit markets, amid further confirmation of a rapidly deteriorating outlook.The latest move exceeds the $700bn troubled asset relief programme, or Tarp, that perfo ... more »
The Guardian  –  Nov 26, 2008 01:06 AM [GMT]  –  comment?
found in World
Photo from CNNMoney.com Fitch: Morgan Stanley a survivor
Read full story for latest details.
CNNMoney.com  –  Nov 25, 2008 10:10 PM [GMT]  –  comment?
found in Business: Companies
Fitch upgrades Morgan Stanley's outlook to stable
SAN FRANCISCO (MarketWatch) -- Fitch Ratings on Tuesday affirmed Morgan Stanley's long-term issuer default rating at A and revised its outlook to stable from negative. "Morgan Stanley has demonstrated its ability to manage through very difficult markets raising capital from government prog ... more »
MarketWatch.com  –  Nov 25, 2008 8:38 PM [GMT]  –  comment?
found in Business: Markets
Airlines Get a Lift from Low Fuel Costs
Morgan Stanley sees the sector getting a boost, except for one firm.
Barron's Online  –  Nov 25, 2008 7:53 PM [GMT]  –  comment?
found in Business: Markets
Tech stocks make small early gains while H-P falls
SAN FRANCISCO (MarketWatch) -- Technology stocks edged into positive territory after the opening bell Tuesday following strong gains in the broader market. The Nasdaq Composite Index was up slightly to 1,473 while the Morgan Stanley High-Tech Index picked up 0.1%. The Dow was up more than 100 points ... more »
MarketWatch.com  –  Nov 25, 2008 2:38 PM [GMT]  –  comment?
found in Business: Markets