Morgan Stanley
Company and Financial Services Company
China: Anthony Bolton's bet for the next decade...not as convinced about China's potential. Jerry Lou, Morgan Stanley's Hong Kong-based China strategist, believes the stock market is forming a bubble that is likely to burst in the first half of 2010. He predicted that the Shanghai Composite,... In this article: China, Inflation, Fidelity, Asia, Hong Kong, and Trustnet |
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Telegraph.co.uk - Business | November 14, 2009
China quashes talk of letting yuan strengthen
Wang Qing, chief Asia economist for Morgan Stanley in Hong Kong, said in a report to clients: "I consider this article an official effort by Chinese authorities to dismiss the renewed speculation of yuan appreciation in the near term."
In this article: Barack Obama, China, Wen Jiabao, People's Bank of China, US Treasury Department, and Hu Jintao
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Financial Times | 6 days ago
China derivatives hit banks
" Previously, dozens of western banks such as Goldman Sachs and Morgan Stanley were striking huge deals with mainland companies that wanted to manage their exposure to swings in commodity prices, interest rates and currencies. In two...
In this article: Derivative, China, Beijing, Hong Kong, Bespoke, Revenue, HSBC China, and Air China
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WSJ.com: Markets | October 29, 2009
Morgan Sued in China Over Contract
...that mainland enterprises continue to be at odds with foreign investment banks over earlier derivatives deals, Morgan Stanley is suing Hong Kong-listed China Haisheng Juice Holdings in London for US$26 million over its refusal to put up...
In this article: Derivative, China, Hong Kong, Unenforceable, Commodity, and Air China Ltd.
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Financial Times | October 29, 2009
Morgan Stanley faces China setbacks
...both the insider trading case and the property deals to the authorities. Morgan Stanley points to its involvement in a string of mainland deals this year. It has been hired to advise on several large IPOs in Hong Kong of both...
In this article: China, UBS, Insider trading, Hong Kong, Beijing, Joint venture, China Investment Corp, and John Mack
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FT.com - Companies | October 28, 2009
Excellence postpones Hong Kong IPO
...badly for several other looming property listings in Hong Kong. It also represents a blow to Morgan Stanley, which has prided itself on never having pulled an IPO in Asia. Morgan Stanley and UBS are also advising on the listing of...
In this article: Hong Kong, UBS, Asia, and Best interests
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Financial Times | October 28, 2009
M Stanley courts battles over China derivatives
...China Haisheng to any of the disadvantages and pitfalls inherent in the transaction". Morgan Stanley, which denies the allegations, declined to comment. China Haisheng did not respond to requests to comment. Sasac, the Chinese government...
In this article: Derivative, China, Hong Kong, England, Beijing, Allegation, Insider trading, and Simmons & Simmons
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More on Morgan Stanley
Description from Wikipedia:
Morgan Stanley (NYSE: MS) is a global financial services provider headquartered in New York City, New York, United States. It serves a diversified group of corporations, governments, financial institutions, and individuals. Morgan Stanley also operates in 33 countries around the world with 600 offices, with an approximate employee workforce of 45,000. The company reports US$779 billion as assets under its management. It is headquartered in Midtown Manhattan, New York City.
The corporation, formed by J.P. Morgan & Co. employees Henry S. Morgan (grandson of J.P. Morgan), Harold Stanley and others, came into existence on September 16, 1935. In its first year the company operated with a 24% market share (US$1.1 billion) in public offerings and private placements. The main areas of business for the firm today are Global Wealth Management, Institutional Securities and Investment Management.
The company found itself in the midst of a management crisis in the late 1990s that saw it lose a lot of talent and competence and ultimately saw the firing of its then CEO Philip Purcell in 2005.
On September 21, 2008, it was reported that the Federal Reserve allowed Morgan Stanley to change its status from investment bank to bank holding company. On September 29, 2008, it was announced that Mitsubishi UFJ Financial Group, Japan's largest bank, will take a stake of $9 billion in Morgan Stanley equity. In the midst of the October 2008 stock market crash, concerns over the completion of the Mitsubishi deal caused a dramatic fall in Morgan Stanley's stock price to levels last seen in 1994. The stock grew considerably after Mitsubishi UFJ closed the deal to buy 21% of Morgan Stanley on October 14, 2008.
- Name:
- Morgan Stanley
- Type:
- Public (NYSE: MS)
- Location:
- New York City, New York
- Founded:
- 1935
- Stock Symbol:
- MS
- Industry:
- Financial Services
- Key People:
-
- John J. Mack, Chairman & CEO
- James P. Gorman Co-President
- Walid Chammah Co-President
- Products:
-
- Financial Services
- Investment Banking
- Investment Management
- Revenue:
- US$ 62.262 billion (2008)
- Net Income:
- US$ 1.707 billion (2008)
- No. of Employees:
- over 45,000 (2009)
- Motto:
- World Wise
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