Morgan Stanley


  • SEC Sues Two Former Morgan Stanley Advisors Friday, 14 Dec 2007 | 4:34 PM ET

    U.S. securities regulators sued two former financial advisers at Morgan Stanley Friday for defrauding at least 50 mutual fund companies and their shareholders.

  • Bank of America Winding Down $12 Billion Fund Monday, 10 Dec 2007 | 1:01 PM ET
    A Bank of America branch.

    Bank of America, the second-largest U.S. bank, is winding down a $12 billion money-market type fund for  institutional investors, CNBC has learned.

  • Bonds Under Pressure From Credit Problems? Thursday, 6 Dec 2007 | 9:17 AM ET

    Are bonds about to lose their flight-to-quality premium? The Fed, the executive branch, the legislative branch, and now even the Bank of England (which cut its key rate a quarter point to 5.5 percent) are working to resolve credit problems. The 10-year is looking toppy here.

  • ADP Report: Game Changer For Markets? Wednesday, 5 Dec 2007 | 11:58 AM ET

    Stocks are getting a bounce on ADP's jobs report, which already has some on Wall Street revising their view on the government jobs report due Friday and is adding to the debate on what the Fed will do next week. The ADP National Employment report, released this morning, showed a surprisingly strong gain in November private sector jobs of 189,000.

  • Market Looks To Jobs, As Financials Still Face Troubles Wednesday, 5 Dec 2007 | 9:40 AM ET

    Futures up a bit on the strong ADP report. This is a clear sign that the market wants a decent jobs report, even if it might slightly reduce the chance of an aggressive Fed rate cut. As noted yesterday, financials analysts are now cutting 2008 estimates.

  • Deutsche Bank CEO Shuns Citi Top Job: FT Wednesday, 5 Dec 2007 | 4:44 AM ET

    Josef Ackermann, Chief Executive of Deutsche Bank, has turned down an approach from Citigroup about taking the CEO job  vacated last month by Charles Prince, the Financial Times reported.

  • Big Wall Street Firms See Earnings Estimates Cut Tuesday, 4 Dec 2007 | 12:08 PM ET

    In a fresh blow to the financial sector, JP Morgan Chase cut the earnings estimates for several big Wall Street firms, sending their shares sharply lower.

  • Housing Conference: The Real News Here Is Lennar Tuesday, 4 Dec 2007 | 10:07 AM ET

    Forgive me if I'm all thumbs and short thoughts today as I'm blogging by B'berry from the big housing conference in Washington, DC. So far I've heard Countrywide's Angelo Mozilo argue with Robert Toll over what's to blame for the housing problem, poor liquidity or bad lending standards (you can guess who was on which side).

  • Will Mack Get The Knife? Monday, 3 Dec 2007 | 6:40 PM ET

    After Morgan Stanley (MS) fired Zoe Cruz last week, some are wondering how long before Morgan’s CEO John Mack gets ousted. CNBC’s Charlie Gasparino is hearing whispers.

  • Street Talk: What's The Value Of Plummeting Assets? Monday, 3 Dec 2007 | 9:47 AM ET

    One of the biggest problems the Street has is that no one knows how to value assets that are plummeting: in particular mortgage backed securities and their derivatives, and (to a lesser extent) land in markets that are experiencing severe downturns.

  • Morgan Stanley Mortgage Loss May Hit $5.7 Billion Friday, 30 Nov 2007 | 1:30 PM ET

    Morgan Stanley may face a fiscal fourth-quarter write-down of as much as $5.7 billion for mortgage-related losses, CNBC has learned.

  • Blood In The Streets Thursday, 29 Nov 2007 | 6:46 PM ET

    This week $13.5 billion flowed into the financials. Do these purchases of subprime distressed assets mark a bottom for bank stocks?

  • Chrysler $4 Billion Loan Sale Postponed: WSJ Tuesday, 20 Nov 2007 | 2:00 PM ET
    2007 Chrysler 300

    A $4 billion sale of loans being raised by automaker Chrysler following its takeover by buyout firm Cerberus has been indefinitely postponed, the Wall Street Journal reported.

  • Wells Fargo: Housing Slump Worst Since Depression Thursday, 15 Nov 2007 | 4:03 PM ET
    A Wells Fargo Bank in Palo Alto, California.

    Wells Fargo believes the nation's housing slump is the worst since the Great Depression and is far from over, Chief Executive John Stumpf said Thursday.

  • NovaStar Stock Plunges 63% on Bankrupty Warning Thursday, 15 Nov 2007 | 2:52 PM ET

    NovaStar Financial  shares fell as much as 63 percent Thursday after the troubled subprime mortgage lender posted a $598 million third-quarter loss and said bankruptcy is possible.

  • Morgan Stanley's MSCI Rockets Higher in Debut Thursday, 15 Nov 2007 | 12:56 PM ET

    Investment analysis firm MSCI, which is being spun off by Morgan Stanley, soared in its stock market debut on Thursday, a day after raising $252 million with an initial public offering that priced at the top of expectations.

  • Cerberus Nixes United Rentals Bid Wednesday, 14 Nov 2007 | 5:56 PM ET

    United Rentals said on Wednesday that Cerberus is not prepared to proceed with the purchase of the company on the terms set forth in its July takeover agreement.

  • Market Insider/Wednesday Look Ahead Wednesday, 14 Nov 2007 | 8:26 AM ET

    Inflation and retail sales data, plus a speech from Fed Chairman Ben Bernanke are the big before-the-bell events that could sway market direction Wednesday.

  • BofA Will Take $3 Billion Debt Writedown Tuesday, 13 Nov 2007 | 2:33 PM ET
    A Bank of America branch.

    Bank of America, the second-largest U.S. bank, said on Tuesday it expects to write down $3 billion of debt in the fourth quarter, as fallout from the nation's housing slump deepens.

  • Morgan Stanley Predicts Slower Growth in 2008 Tuesday, 13 Nov 2007 | 2:24 PM ET

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