April 2009
Royal Bank of Scotland shortlists three bidders for Asia business
Royal Bank of Scotland Group PLC (RBS) has a shortlist of three bidders for its Asian retail and commercial banking assets in a sale that could fetch up to $1.8 billion, according to a report on The Wall Street Journal’s Web site. The shortlisted...
Chrysler LLC Lenders Plan Debt Offer
Chrysler LLC’s lenders are planning to make a counteroffer this week to the U.S. Treasury, which originally asked creditors owed about $6.9 billion to accept $1 billion to keep the auto maker from liquidating. Late Sunday night, the lenders recei...
January 2009
HSBC sags on $30 billion capital raising worry: "Morgan Stanley Analyst"" ....HaHaHaHaHa
In this situation, bank stocks are under credit rating agency mercy. Stock price will hurt and has hard time to raise capitals if credit rating agency continues to downgrade. Why are all these banks constantly dragging each other down? ..Hard times on ...
Morgan Stanley and Citi To Form Industry-Leading Wealth Management Business Through Joint Venture
Combined Firm, to be Called Morgan Stanley Smith Barney, Will Have More Than 20,000 Financial Advisors and $1.7 Trillion in Client Assets New Industry Leader Will Offer Clients and Financial Advisors an Unmatched Global Platform Transaction Will Create...
What is Morgan Stanley Smith Barney? Morgan buys controlling interest in Smith Barney brokerage unit of Citigroup Inc.
After days of speculation, Citigroup Inc. the nation’s third-largest bank by assets, after Bank of America and JPMorgan Chase & Co and Morgan Stanley unveiled plans Tuesday to merge their brokerage businesses in a new joint venture. - The c...
September 2008
Goldman Sachs and Morgan Stanley- bank holding firms. America- a new socialist republic?
So much for a free market economy. All financial agencies are to become agents of the government. That technically makes them part of the Treasury as well as every other bank employee. Welcome to a socialist republic. More regulation will certainly me...
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