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Morgan Stanley

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  • Is This Really The "End Of the World"? Monday, 22 Sep 2008 | 11:08 AM ET
    Government Bailout

    Forgive me for not quite grasping all the shock and panic of the last week. Maybe distance adds perspective, or ignorance.

  • Stocks Slip; Goldman, Morgan Jump Monday, 22 Sep 2008 | 10:39 AM ET

    Stocks opened lower Monday as Friday's euphoria cooled with investors realizing that financial woes could go on for quite some time and a fresh wave of new developments emerged.

  • Big Financiers Start Lobbying for Wider Aid Monday, 22 Sep 2008 | 9:55 AM ET

    Even as policy makers worked on details of a $700 billion bailout of the financial industry, Wall Street began looking for ways to profit from it, reports the New York Times.

  • Ross: It's About the Liquidity Mindset, Not Credit Monday, 22 Sep 2008 | 9:42 AM ET

    Today's current crisis is not so much about credit as it is about liquidity, according to billionaire investor Wilbur Ross.

  • Futures Fall as Bailout Details Emerge Monday, 22 Sep 2008 | 9:26 AM ET

    US stock index futures were lower ahead of the open on Monday, as Friday's euphoria cooled with investors realizing banks are still facing severe hits to balance sheet valuations and limited future earnings despite a financial bailout plan from the government.

  • Fundamentals Will Again Matter--Soon Monday, 22 Sep 2008 | 9:11 AM ET
    WALL STREET IN CRISIS - A CNBC SPECIAL REPORT

    Futures are practically unchanged, with many traders noting this morning that hedge fund and mutual fund companies are continuing to see redemptions, and the profit outlook is still poor. As a result, there is debate about how strong buying interest will be here.

  • Futures Fall as Bailout Details Emerge Monday, 22 Sep 2008 | 8:04 AM ET

    US stock index futures were lower ahead of the open on Monday, as Friday's euphoria cooled with investors realizing banks are still facing severe hits to balance sheet valuations and limited future earnings despite a financial bailout plan from the government.

  • WALL STREET IN CRISIS - A CNBC SPECIAL REPORT

    The decision of Morgan Stanley and Goldman Sachs to become bank-holding companies will not mean any change in their investment banking and trading operations, according to a top industry analyst

  • Morgan, Goldman Become Bank Holding Companies Monday, 22 Sep 2008 | 12:34 AM ET

    Goldman Sachs and Morgan Stanley will change their status to bank holding companies,  allowing them to take deposits and bolster their capital.  This means a future of stricter regulation, less leverage and probably lower returns.

  • Morgan-Wachovia Deal Is Off the Table Sunday, 21 Sep 2008 | 11:03 PM ET

    The chances of a Morgan-Wachovia deal diminishes considerably if the Fed declares Morgan Stanley and Goldman Sachs commercial banks, meaning that the Fed will backstop all collateral on their books.

  • Goldman, Morgan Switch To Bank-Holding Firms Sunday, 21 Sep 2008 | 9:48 PM ET

    The  last two major investment banks—Goldman Sachs and Morgan Stanley—will change their status to bank holding companies,  allowing them to take deposits and bolter their capital.

  • Morgan-Wachovia Deal Unlikely on Fed Announcement Sunday, 21 Sep 2008 | 9:22 PM ET

    The chances of a Morgan-Wachovia deal diminishes considerably if the Fed declares Morgan Stanley and Goldman Sachs commercial banks, meaning that the Fed will backstop all collateral on their books.

  • Jittery Markets Await Pact On Financial Bailout Plan Sunday, 21 Sep 2008 | 8:39 PM ET

    Bush aides and Congress stepped up talks on a $700 billion bank bailout as they battled the clock to prevent further market turmoil.

  • This Crisis Makes S&L Bailout Look Easy Sunday, 21 Sep 2008 | 1:12 PM ET

    The  $700 billion financial rescue plan bears little resemblance to the  savings and loan bailout almost two decades ago—and may not be as successful, experts say. First and foremost, there’s no accompanying re-regulation of the financial services industry.

  • Paulson Offers $700 Billion Plan, Congress Seek Changes Saturday, 20 Sep 2008 | 8:32 PM ET

    A $700 billion financial rescue plan was sent to Congress Saturday, and Democrats moved quickly to propose changes—including possible help for homeowners and a salary cap for CEOs.

  • For the historic week ending Friday, September 19, 2008,  the major U.S. Indices managed to close mixed and almost flat after one of the most volatile trading weeks ever, driven by the collapse of investment bank, Lehman Brothers, enormous government actions around the globe, and billion dollar deal making.  In one week, the government bailed out AIG, pumped funds into money markets, and banned short selling of financials - all while keeping the Fed Funds target unchanged and taking unprecedented actions to halt the liquidity crisis.  The CBOE Volatility Index (VIX) surpassed the benchmark level of 30, hitting an intraday high of 42.16 on Thursday, its highest level since 10/2002.    The major indices were all up and down +/- 3% for 4 of the past 5 days.  The Dow posted a 2 day point move of more than 778 points as of Friday’s close, after plummeting 811 between Monday and Wednesday and hitting 10,609.66, its lowest level since 11/9/2005.  On Friday, The Nasdaq Composite recorded a 2-day point move of greater than 175 points after it closed down 109.05 points on Wednesday, its first triple digit decline for one day since it began trading after the 9/11 attacks.  The S&P 500 flirted with record territory closing up 98.7 over the last two days, marking its biggest 2-day point move since 3/16/2000, the largest 2-day point move ever.

  • Big Rally Leaves Dow Off Just 40 for Week Friday, 19 Sep 2008 | 5:17 PM ET

    This week's wild ride on Wall Street literally mimicked a rollercoaster ride: a couple of stomach-turning drops before coasting to the end and dropping you off exactly where you started.  After being down by nearly 1000 points at Wednesday's close, the Dow clawed back those 1000 points in the following two days leaving the blue-chip index off just about 40 points from where it ended last Friday!

  • We saw the mother of all short coverings at the open, fueled by the government's proposed RTC-type bailout, the ban on short selling in financials, and a quadruple witching expiration.

  • Morgan Stanley: US Plan Is A 'Game-Changer' Friday, 19 Sep 2008 | 3:32 PM ET
    WALL STREET IN CRISIS - A CNBC SPECIAL REPORT

    Officials of Morgan Stanley are quoted as saying Treasury Secretary Hank Paulson's plan to tackle the financial crisis gripping the country is a potential "game-changer."

  • Why Bankers Group Hates Money Market Insurance Plan Friday, 19 Sep 2008 | 3:18 PM ET

    The American Bankers Assocation has objected to the plan to guarantee money market funds on the grounds that it will REDUCE deposits in the nation's banks. Huh? I just got off the phone with them, here's their reasoning...