If there's a crown jewel in the world of initial public offerings, it's Facebook.
Morgan Stanley reported a smaller-than-expected loss Thursday, driven by a previously announced settlement and other one-time items. But the loss was offset by gains in the bank's equity-sales and trading business.
The funding hole for European banks is deepening following a sharp fall in bond issuance this year as market turmoil leads to a region-wide credit crunch.
Morgan Stanley reported strong third-quarter earnings and revenue Wednesday that were driven largely by accounting gains.
Dexia shares are sagging as fears rise around its sovereign debt exposure. CNN's Nina Dos Santos reports.
Global equities fell sharply from Hong Kong to New York as Europe's sovereign debt crisis forced Dexia, the Franco-Belgian lender, into emergency talks on options including an effective break-up.
Morgan Stanley is not on the verge of collapse. But you wouldn't know that from the way nervous investors are acting.
Morgan Stanley announced Thursday that John Mack will step down as chairman at the end of the year.
Wall Street got socked on Thursday as renewed concerns about the U.S. and global economies sent major indexes plunging and pushed gold to a new high and bond yields to a record low.
U.S. stocks were headed for a sell-off Thursday, tracking steep declines across world markets and pushing gold to a new record.
A pessimistic report on the global economy from Morgan Stanley -- particularly about the United States and Europe -- sent the world's stock markets tumbling Thursday.
As the foreclosure crisis continues to wreak havoc on the housing market, a source of national pride has taken a sour turn. Home ownership is on the decline and, according to a recent Morgan Stanley report, the United States is fast becoming a nation of renters.
There is a saying on Wall Street that goes "the reaction to news is more important than the news itself".
U.S. stocks were poised for a flat open Thursday, despite a better-than-expected report on initial jobless claims, as investors await readings on housing and manufacturing.
The big banks are logging record profits and doling out sky-high bonuses. But celebration doesn't come free this holiday season: Some Wall Streeters must pay to attend their own holiday parties.
Morgan Stanley rebounded from a year-earlier loss in the second quarter, reporting a profit of $1.4 billion, even as recent market tremors upended the results of close rivals.
Morgan Stanley and JPMorgan Chase are the leading candidates to handle the underwriting of an initial public offering for General Motors, according to published reports.
Shares of Morgan Stanley fell Wednesday following reports that U.S. federal prosecutors are looking into whether Morgan Stanley misled investors about complex mortgage derivatives it designed.
Morgan Stanley said it swung to a $1.8 billion profit in the first quarter Wednesday, as strong trading revenues boosted the Wall Street firm's latest results.
Morgan Stanley has told investors that its real estate fund may suffer a $5.4 billion loss on bad bets in the commercial property market, according to a report published Wednesday.
Morgan Stanley posted its second straight quarterly profit Wednesday, a year after a loss that ranked as one of corporate America's biggest ever.
Like other Wall Street firms, Morgan Stanley appears set to implement changes to its pay practices.
Morgan Stanley posted its first quarterly profit in a year.
The decades-long rivalry between Goldman Sachs and Morgan Stanley is Wall Street's answer to Smokin' Joe Fraser vs. Muhammad Ali. And last week, Morgan Stanley won the bout over who could devise a more lucrative exit strategy from the TARP (Troubled Asset Relief Program) when the company was able to untangle itself from Uncle Sam for $150 million less than did Goldman Sachs. When Morgan Stanley and Goldman Sachs received TARP funds last fall, the two banks got the same deal -- $10 billion equity infusions. In exchange, Goldman and Morgan Stanley agreed to pay dividends and also granted the government free warrants to buy up to $1.5 billion worth of their respective stocks at set prices.
Morgan Stanley has left less on the table for Tim Geithner than Goldman Sachs did. The former has bought back its Troubled Asset Relief Program warrants for $950 million, against Goldman's $1.1 billion.
Morgan Stanley posted its third straight quarterly loss Wednesday, as the brokerage firm struggles to bounce back from last fall's market meltdown.
Why is Morgan Stanley hiring a hedge fund manager to run its fixed income client trading business? After all, the Wall Street firm is supposed to have disavowed proprietary trading. So putting a risk-taker in charge looks odd. But bringing Jack DiMaio on board could be a smart move.
Are banks finally in write-up territory? With most markets rallying this quarter, it's tempting to think so. And some firms should be able to show some gains. But these won't be as easy to track as improvements in prices imply.
Has the Federal Reserve been reading too many fairy tales?
Stressed out or not, some of the nation's biggest banks are awash in cash.
Morgan Stanley reported a much bigger-than-anticipated loss in the first quarter Wednesday, as the revenue at the bank's bread-and-butter equity sales and trading business plunged 74% from a year ago.
Stocks turned higher Wednesday morning, erasing early losses following Morgan Stanley's quarterly loss, as investors sought to revive the recent advance.
CNN's Campbell Brown calls out a company for passing off a bonus as a "retention award."
And timing is everything when it comes to cashing in during the bailout.
Citigroup said late Tuesday that it plans to merge its Smith Barney brokerage division with that of peer Morgan Stanley, a move that is expected to mark the beginning of a break-up of the troubled banking giant.
Citigroup confirmed speculation Tuesday that it plans to merge its Smith Barney brokerage division with that of peer Morgan Stanley, a move that is expected to mark the beginning of a break-up of the troubled banking giant.
Financial stocks got pummeled Monday as investors brace for another round of terrible quarterly results.
Morgan Stanley reported a massive $2.3 billion quarter loss Tuesday that surpassed even the most dire predictions by analysts.
The outlook for the once venerated investment banks Goldman Sachs and Morgan Stanley has turned increasingly bleak.
The hits just keep on coming for Wall Street.
Morgan Stanley wrapped up plans to sell a part of itself to Mitsubishi UFJ for $9 billion, the two companies said Monday, reviving hopes that the Wall Street firm will be able to survive the credit crisis.
Shares of Wall Street investment bank Morgan Stanley plunged more than 20% Tuesday afternoon as rumors spread that Japanese bank Mitsubishi UFJ may pull out of plans to buy a big stake in the firm.
The decision by Goldman Sachs and Morgan Stanley to recast themselves as bank holding companies over the weekend may shake up the nation's banking landscape.
Volatility again swept the financial markets Monday as investors grew nervous about an amorphous government plan to buy $700 billion in banks' mortgage debt
Stocks slumped Monday, with the Dow losing 373 points, as investors worried about the specifics of the government's $700 billion bailout plan and rocketing oil prices - which saw its biggest one-day dollar gain ever.
The Federal Reserve said Sunday it had granted a request by the country's last two major investment banks to change their status to bank holding companies
Morgan Stanley's stock price plunged again Thursday as the investment bank scrambled to strike a major deal or raise more cash that will assuage investors
Shares of the only two stand-alone U.S. investment banks left after last week get pummeled
Earnings at Morgan Stanley fell by more than half last quarter, hurt by a decline in its investment banking and sales and trading businesses, the company reported Wednesday.
Morgan Stanley on Wednesday became the latest Wall Street firm to suffer a profit decline while beating performance forecasts, providing some comfort to jittery investors.
Stock futures declined early Wednesday, a day after a deep Federal Reserve rate cut helped fuel a dramatic rally on Wall Street.
Morgan Stanley chief executive John Mack received $1.5 million in compensation for 2007, after agreeing not to take a bonus for the year because of the investment bank's poor fourth-quarter results, according to documents filed with the Securities and Exchange Commission Wednesday.
Sales of new homes plunged last month to their lowest level in more than 12 years, a grim testament to the problems plaguing the housing sector.
Radio host Kai Ryssdal joins CNN to discuss Morgan Stanley's big loss and the state of the global financial market.
Morgan Stanley stunned Wall Street Wednesday by taking an additional $5.7 billion mortgage-related writedown, while announcing a $5 billion cash injection from a Chinese state-run investment fund.
Stocks stalled Wednesday afternoon, after edging higher in morning trade, as investors mulled the outcome of the Fed's $20 billion auction and a bigger-than-expected writedown by Morgan Stanley.
Stocks rose Wednesday morning, despite a bigger-than-expected writedown by Morgan Stanley, as the Federal Reserve's $20 billion auction appeared to draw strong demand from the financial sector.
Stocks rose Wednesday morning, extending the previous session's advance, as investors mulled Morgan Stanley's earnings and the results of the Fed's Monday's auction.
Wall Street bank Morgan Stanley said Wednesday it received a $5 billion injection from China's state-run investment arm, becoming the latest financial firm to look overseas for cash.
Stocks opened mostly flat Wednesday, after Morgan Stanley reported an additional $5.7 billion in writedowns on its mortgage investments and investors awaited more word from the Federal Reserve on the credit situation.
U.S. stocks were poised for a lower start Wednesday as investors awaited more word from the Federal Reserve on the credit situation and weighed Morgan Stanley's $5.7 billion in additional writedowns on its mortgage investments.
In another sign of the collapse of the market for new homes, builder Lennar Corp. has dumped a portfolio of 11,000 properties for 40 percent of their previously-stated book value.
Stocks struggled higher Thursday, at the end of a bumpy session in which investors mulled weak home sales and mixed corporate news ahead of a key speech from Fed chairman Ben Bernanke in the evening.
David Buik of BGC Partners joins CNN to discuss troubles at British bank Northern Rock.
Stocks slipped Wednesday afternoon, but were off session lows, as worries about the credit and mortgage market and higher oil prices were tempered a bit ahead of what for many will be a long holiday weekend.
Stocks cut losses Wednesday afternoon, but remained deep in the red as worries about the credit and mortgage market and record-high oil prices gave investors reason to bail ahead of the Thanksgiving holiday.
Stocks tumbled Wednesday afternoon, as worries about the credit and mortgage market crisis, record-high oil prices and the outlook for the consumer gave investors plenty of reasons to bail ahead of the Thanksgiving holiday.
Stock declined Wednesday afternoon, as investors took a breather after the recent run up and head of Friday's big monthly jobs report.
Stocks slipped Wednesday morning, as investors mulled the morning's economic news, including mostly in-line reports on the services sector of the economy and private sector employment.
The National Community Reinvestment Coalition on Monday filed a civil rights complaint against Morgan Stanley, alleging the investment bank discriminated against minorities seeking home loans.
Stocks rose Wednesday, gaining for a second session after the Fed cut a key interest rate by a half-point, reassuring investors worried that the mortgage and credit market malaise could send the economy into recession.
Stocks rose Wednesday afternoon, gaining for a second session, after the Fed cut a key interest rate by a half-point, reassuring investors worried that the mortgage and credit market malaise could send the economy into recession.
Morgan Stanley revealed just how vulnerable its business became during the recent credit crisis when it reported quarterly earnings Wednesday that missed Wall Street forecasts.
Stocks trimmed bigger morning gains, but remained positive Wednesday afternoon, as investors continued to breathe a sigh of relief that the Federal Reserve cut a key short-term interest rate by a half-percentage point.
A husband and wife admitted on Wednesday that they used confidential information she gained from her job at the Morgan Stanley financial services company to make $600,000 in profit trading stocks.
Why hedge funds are hurting
Global market outlook
Stocks looked set to open higher Wednesday after stellar earnings from investment bank Morgan Stanley and in-line earnings from FedEx.
Morgan Stanley Wednesday said its second-quarter profit rose 40 percent, trouncing expectations as a number of trading and investment banking businesses achieved record results.
Stocks opened mixed Wednesday on impressive Morgan Stanley earnings and a Home Depot stock buyback, while investors awaited a key oil inventory report.
Morgan Stanley (MS) ranks no. 20 on FORTUNE's list of America's largest corporations.
If boutique investment banks could be measured on glitz alone, 10-month-old Perella Weinberg Partners LP undoubtedly would be leading the way.
Here are some of Wednesday's most actively traded stocks:
The subprime mortgage business has roiled markets recently but didn't dampen results at Morgan Stanley, which reported record quarterly earnings and revenue on Wednesday.
Stocks wobbled Wednesday afternoon as investors showed caution ahead of the Federal Reserve's latest comments on the economy and interest rates.
Stocks struggled Wednesday morning as investors welcomed upbeat earnings from Oracle and Morgan Stanley, but showed caution ahead of the Fed's latest comments on the economy and interest rates.
Morgan Stanley boss John Mack, who was ousted from the company in a bitter power struggle in 2001 only to fight his way back to its top spot in 2005, took home $41.4 million in 2006, a raise of about 38 percent, according to the company's proxy statement issued Friday.
Wall Street rivals Goldman Sachs Group and Morgan Stanley are quietly collaborating on a massive private-equity play for the oil and gas assets of utility company Dominion Resources, according to a published report.
Zoe Cruz, Co-President of Morgan Stanley, ranks No. 19 on Fortune's 2006 list of 50 Most Powerful Women.
As competition heats up in the investment banking world, Morgan Stanley is offering some of its most highly-paid employees sweet financial incentives to not only attract new blood to the company but keep high-level traders and bankers from jumping ship to competitors.
The typical business today is awash in e-mail, from the critical to the mundane to the absolutely worthless.
Morgan Stanley ranks no. 98 on FORTUNE's Global 500 this year, with $52.5 billion in revenues, up 32.7% from the previous year. The New York, New York-based company was ranked no. 107 on the 2005 list. Its 2005 profits were $4.9 billion, up 10.1% from a year earlier. 2005 was a banner year for most Global 500 companies.
Upbeat quarterly earnings reports from Oracle and Morgan Stanley lifted stocks Wednesday morning, giving investors something to focus on amid the Federal Reserve meeting, currently underway.
Morgan Stanley capped off an unexpectedly strong fiscal third quarter for investment banks with solid gains of its own and reiterated confidence that deal-making continues to be strong for the industry.
Among market benchmarks, all domestic-stock indexes fell for the third straight month, while the Morgan Stanley EAFE index, which tracks more than 1,000 European, Asian and Australian companies, ga...
Discover Card may not be the golden boy of the credit card industry but with some loyal backing from its parent Morgan Stanley and surprisingly strong financial results in recent quarters, the company has proven it has staying power in a fiercely competitive market.
Blue chips soared for the second straight session Wednesday, with the Dow Jones industrial average up over 100 points while the broader market posted solid gains, as investors cheered several strong earnings reports.
On a Friday in March, executives from some of the world's most powerful investment banks gathered at the Beijing headquarters of the Industrial & Commercial Bank of China to compete in one of the r...
With all the ink spilled over Morgan Stanley's failed attempt this February to buy asset-management juggernaut BlackRock -- which instead linked arms with Merrill Lynch -- you'd think this was a ma...
In the latest wave of defections, Jon Anda will leave Morgan Stanley to join a new financial services firm being formed by former top Morgan Stanley banker Joseph Perella, according to a news report Thursday.