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Overview. Morgan Stanley is a financial services corporation that, through its affiliates and subsidiaries, advises, and originates, trades, manages, and distributes capital for institutions, governments, and individuals. The company operates in three business segments: Institutional Securities, Wealth Management, and Investment Management.
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 ...
As of October 19, 2023, there were 4,049 commercial banks and 565 savings and loan associations in the U.S. insured by the Federal Deposit Insurance Corporation (FDIC) with US$23.4 trillion in assets. There are a few other banks not FDIC insured, e.g. Bank of North Dakota (state-owned bank).
The filing seen by Fortune seeks to explain Morgan Stanley's decision, writing: "The committee determined that granting the awards to each of our incoming chief executive officer and co-presidents ...
Discover became part of the Dean Witter financial services firm, and the new company was called Dean Witter, Discover & Co. In 1997, this company merged with Morgan Stanley to become Morgan Stanley Dean Witter, Discover & Co. In 1999, this company rebranded itself as Discover Financial Services, Inc. Discover Bank
Morgan Stanley (No. 61 on the Fortune 500) reported net revenue up 4% from a year ago, to $15.1 billion, for the quarter ended March 31. Net income rose 14% to $3.4 billion, compared with a year ...
2. Relatives. Katharine Williams (sister) James Patrick Gorman [1] AO (born July 14, 1958) [2] is an Australian-American businessman and financier. He has been executive chairman of Morgan Stanley since 2012, and was CEO of the firm from 2010 through 2023. Before becoming CEO, he was the co-president and co-head of strategic planning at the firm.
Peter J. Wallison points out that none of the major investment banks that were hit by the crisis, "Bear, Lehman, Merrill, Goldman, or Morgan Stanley — were affiliated with commercial banks" but were stand-alone investment banks allowable by Glass-Steagall. The mortgage banks, Wachovia, Washington Mutual, and IndyMac, were also independent ...