morgan stanley

Last Week's Biggest Market Head-Scratchers

Wall Street can be fickle, leaving investors scratching their heads in bewilderment. Some of last week's biggest surprises, blunders, and flat-out boneheaded moves included Morgan Stanley's downgrading of Google, another step toward a LivingSocial IPO, and irrational exuberance with respect to Wendy's stock.

Why Countrywide's Fraudster-in-Chief Isn't Going to Prison

Angelo Mozilo, the former head of Countrywide Financial, isn't going to jail. In fact, he won't even face a trial. Wondering how the most convictable CEO among the titans who brought down the financial system is getting off so easy? The answer lies in the revolving door between Wall Street and its "regulators."

Another Week of Robust Corporate Earnings?

Apple, Bank of America, Morgan Stanley, IBM, GE, Goldman Sachs and Google are just a sampling of names releasing results this week. And if last week's numbers are any guide, the market should have plenty of reasons to rally -- especially because expectations aren't all that great.

Morgan Stanley to Trim 2010 Bonus Pool by 10% to 25%

Morgan Stanley is reportedly planning to pay out 10% to 25% less in bonuses this year to its employees, an effort to cut costs as it deals with volatile market conditions. The cuts are slated to affect traders, back-office staff and other employee groups, but perhaps not unusually strong performers.

Glencore International Considering $10 Billion IPO

Glencore International AG, the world%u2019s largest commodity trader, is considering a $10 billion IPO. The IPO would be done in London and potentially Hong Kong in the second quarter of 2011, Bloomberg News reported without naming its sources.

Investment Banks Exploit Volcker Rule Loophole

Investment banks are working around new regulations restricting them from putting their own capital into short-term investments: The Wall Street institutions are sidestepping the Volcker Rule by making direct purchases of securities, companies and properties, which are considered longer-term investments.

Morgan Stanley Earnings Come Up Short

Morgan Stanley posted a third-quarter net loss, hurt by special charges and declines in sales and trading activity in a market that's been low on volume for months. On an adjusted basis, the world's biggest brokerage missed Wall Street's forecast.

GM Says Employees Can Buy IPO Shares

General Motors is offering some 600,000 employees, retirees and dealers the chance to purchase stock in the resurgent company as the auto giant moves forward with its initial public offering, slated for next month.

CNBC Anchor's Book Is a Fly on the Wall for Lehman's Fall

This week marks the second anniversary of an event that shook the financial industry to its core. In her newly released book, 'The Weekend that Changed Wall Street,' CNBC anchor Maria Bartiromo gives an insider's look at the fateful days surrounding the fall of Lehman Brothers.

Goldman's Discounted GM IPO Fee Angers Rivals

Goldman Sachs' big discount in underwriting fees for the GM IPO has squeezed the other underwriters in the deal. The banks now stand to make only a fraction of what they would normally rake in for the stock offering.

Morgan Stanley Earnings Preview: A Return to Profits

Morgan Stanley is expected to swing back to profitability in the second quarter when it releases results ahead of Wednesday's opening bell, but like other Wall Street giants, its revenues from trading likely swooned along with the market in spring and early summer.

Morgan Stanley Hired 100 Bankers in Private Banking Push

Morgan Stanley hired 100 bankers in a bid to expand its private banking business as a weak economy and regulations make it more difficult to earn money from loans and investment banking, Bloomberg News reported. The company hopes to sell more products such as jumbo mortgages and structured loans to Morgan Stanley Smith Barney clients, Bloomberg News reported without naming its sources. The company%u2019s private bank aims to triple loan balances to as much as $60 billion by the end of 2014.

Morgan Stanley Earnings Swing Bank Back to Profit

Morgan Stanley swung to a first-quarter profit of $1.4 billion to easily top Wall Street estimates, helped by threefold jump in revenue and a rebound in its asset-management business. The "white-shoe firm" is the latest in a string of banks to eclipse analysts' estimates this quarter.

Populist Protester Lights the Fuse of Homeowner Rage

The Tea Partiers weren't the only ones out protesting last week: The Neighborhood Assistance Corporation of America took its case to the Capitol, where members disrupted a congressional committee hearing, surprised a bank CEO, and dramatized the problems faced by "underwater" homeowners.

Morgan Stanley Walking Away from Revel Casino

Morgan Stanley has decided to cut its losses in Atlantic City. The investment bank is selling its stake in the Revel casino and taking a "substantial loss," one that some analysts estimate could amount to $800 million to $1 billion.

Wall Street Bonuses Jump 19% in 2009

While Main Street struggles, Wall Street uncorks the chompers. Its employees saw their bonuses increase by 17% in 2009, according to new estimates. But there's a hitch: Bonuses for top executives will come in stock options and other forms of deferred compensation -- not cash.

Earnings Preview: BofA, Wells and Morgan Stanley

Bank of America and Well Fargo are expected to post losses while Morgan Stanley is seen reporting a profit on Wednesday. Less certain is what the newly minted CEOs at BofA and Morgan Stanley are going to tell investors about vision and strategy.

Obama to Big Banks: Pay Up

Citing "massive profits and obscene bonuses," the president is proposing that they pay about $90 billion over 10 years though a mechanism he's calling the "Financial Crisis Responsibility Fee." About 50 banks, insurance companies and large broker-dealers will collectively pay this fee to recoup TARP losses.

Directors Must Do More To Earn Their Keep These Days

Sitting on a corporate board of directors has always been great work if you can get it, especially if it's with a company that's generous with board member compensation. These days, directors are feeling the heat to get some real work done.

White Collar Reset: Starting Over, Even in Greenwich

In this economy, plenty of people have lost it all and are starting over, even in some the wealthiest towns in the country. Meet a former publisher and investor who is looking for something new in tony Greenwich, Connecticut.

Which Bailed-Out Bank Will Exit TARP Next?

Citi isn't getting off the hook anytime soon. But Cincinnati-based Fifth Third Bancorp might. It took $3.4 billion to mend its bruised balance sheet and could need to raise as little as $1 billion to repay TARP