Search results
Results from the WOW.Com Content Network
Morgan Stanley Wealth Management is an American multinational financial services corporation specializing in retail brokerage. It is the wealth & asset management division of Morgan Stanley. On January 13, 2009, Morgan Stanley and Citigroup announced that Citigroup would sell 51% of Smith Barney to Morgan Stanley, creating Morgan Stanley Smith ...
On January 13, 2009, the Global Wealth Management Group was merged with Citi's Smith Barney to form Morgan Stanley Smith Barney. Morgan Stanley owned 51% of the entity, and Citi held 49%. [78] On May 31, 2012, Morgan Stanley exercised its option to purchase an additional 14% of the joint venture from Citi. [79] In June 2013, Morgan Stanley ...
On January 13, 2009, Citi announced the merger of Smith Barney with Morgan Stanley Wealth Management. Citi received $2.7 billion and a 49% interest in the joint venture. [83] [84] [85] In June 2013, Citi sold its remaining 49% stake in Smith Barney to Morgan Stanley Wealth Management for $13.5 billion following an appraisal by Perella Weinberg.
Say goodbye to Morgan Stanley Smith Barney. Say hello to Morgan Stanley Wealth Management. Morgan Stanley (NYS: MS) has just announced a deal with Citigroup (NYS: C) to buy out part of the banks ...
Morgan Stanley (NYSE: MS) has agreed to buy an additional 14% stake in Morgan Stanley Smith Barney (MSSB) from Citigroup Inc. (NYSE: C) for $1.89 billion. The amount puts the full value of MSSB at ...
Morgan Stanley has agreed to purchase Citigroup's entire stake of Morgan Stanley Smith Barney. Financial kings Morgan Stanley (NYS: MS) and Citigroup (NYS: C) have come to an agreement in the ...
Salomon Brothers, Inc., was an American multinational bulge bracket investment bank headquartered in New York City. It was one of the five largest investment banking enterprises in the United States [2] and a very profitable firm on Wall Street during the 1980s and 1990s. Its CEO and chairman at that time, John Gutfreund, was nicknamed "the ...
The final regulatory approvals needed for Morgan Stanley to complete its acquisition of Morgan Stanley Smith Barney Holdings (MSSBH) from Citigroup -- it currently holds a 65% ownership position ...