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Big bucks from sick kids
A heartless stockbroker became a Morgan Stanley rainmaker by pilfering more than $500,000 in trumped-up trading fees from the accounts of injured kids.
New York Daily News  –  Nov 13, 2008 06:03 AM [GMT]  –  comment?
found in Local: New York: New York
Biggest Unit at Morgan Is to Lose 10% of Staff
Morgan Stanley will cut 10 percent of the staff in its biggest business, the institutional securities group, which covers everything from investment banking to stock trading.
New York Times  –  Nov 13, 2008 03:08 AM [GMT]  –  comment?
found in Business
Paulson abandons plans to buy up America's toxic mortgage assets
The US government has scrapped the central plank of its $700bn financial rescue strategy by abandoning plans to buy toxic mortgage-related assets which have weighed down the balance sheets of troubled banks and Wall Street institutions.In a sharp about-turn, treasury secretary Henry Paulson announce ... more »
The Guardian  –  Nov 13, 2008 12:37 AM [GMT]  –  comment?
found in World
Wealthiest billionaires in America's hedge fund industry to appear before US Congress
Like urban foxes, they dislike the glare of lights and avoid the human gaze. But the stealthiest, wealthiest billionaires in America's hedge fund industry will reluctantly show their faces today to deny that they have wrecked the global economy.At a hearing of Congress's house oversight co ... more »
The Guardian  –  Nov 13, 2008 12:37 AM [GMT]  –  comment?
found in World
Photo from MassLive.com Stocks plunge on Wall Street for 3rd straight session
All major indexes dropped more than 4 percent in value.By SARA LEPRO Associated Press NEW YORK - A disheartened Wall Street fell for the third straight session Wednesday as investors absorbed another series of dismal corporate reports and news that the government won't buy banks' soured mo ... more »
MassLive.com  –  Nov 12, 2008 10:59 PM [GMT]  –  comment?
found in Local: Massachusetts: Springfield
Wachovia loses execs to Morgan Stanley
Two senior Wachovia Corp. executives have joined Morgan Stanleys retail-banking group. (WB) (MS) (WFC) Wed, 12 Nov 2008 19:57:28 GMTFifth Third taps Kari as chief financial officerhttp://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/triangle/stories/2008/11/10/daily28.html?ana=from_rssFifth Th ... more »
Triangle Business Journal  –  Nov 12, 2008 8:55 PM [GMT]  –  comment?
found in Local: North Carolina: Raleigh-Durham
DealBook: Morgan Stanley Plans Additional Layoffs
The company said that it would cut 10 percent of the staff in its institutional securities group and 9 percent of its asset-management group.
New York Times  –  Nov 12, 2008 8:13 PM [GMT]  –  comment?
found in Business
Morgan Stanley cuts jobs to focus on advisory arm
Morgan Stanley plans to cut about 2,000 jobs, or 4 per cent of its entire workforce, as part as part of a renewed focus on acting as a financial intermediary
Financial Times  –  Nov 12, 2008 7:00 PM [GMT]  –  comment?
found in Business: Companies
Morgan Stanley names Cece Sutton to run retail bank group
SAN FRANCISCO (MarketWatch) -- Morgan Stanley said Wednesday it named Cece Sutton as president of its newly created retail banking group as part of its effort to build out its retail banking business and deposit base. It also named Jonathan Witter as chief operating officer of the group. Sutton was ... more »
MarketWatch.com  –  Nov 12, 2008 6:53 PM [GMT]  –  comment?
found in Business: Markets
Morgan Stanley to Cut More Jobs
Morgan Stanley plans more layoffs in its asset-management and institutional-securities businesses. The firm named Wachovia veteran Cece Sutton to run its retail bank.
Wall Street Journal  –  Nov 12, 2008 6:49 PM [GMT]  –  comment?
found in Business: Markets