Goldman Sachs and Morgan Stanley cut it close with 5.8% and 5.7% respectively.
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Now, says Paul McTaggart, an analyst at Morgan Stanley, it makes up perhaps a fifth.
Morgan Stanley said it has alerted the U.K's Financial Services Authority and is conducting a full internal investigation.
Meanwhile, Morgan Stanley says it was represented by Ruth Porat, its chief financial officer, and Tom Nides, its chief operating officer.
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Worse, says Kenneth Posner, an analyst at Morgan Stanley, it is unclear that big is necessarily better, even if WaMu had squeezed out efficiencies.
According to a research report issued on February 13th by Morgan Stanley, it recorded the highest return on equity of any segment of the firm.
After Morgan Stanley did it on Thursday, JPMorgan Chase slashed its fourth quarter U.S. GDP forecast to a 1% annualized rate for the fourth quarter.
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Last week, the vaunted investment bank had a relatively poor showing, with rival Morgan Stanley surpassing it in second quarter revenue from both investment banking and fixed income trading.
Goldman Sachs, the vaunted investment bank, had a relatively poor showing as rival Morgan Stanley surpassed it in second quarter revenue from both investment banking and fixed income trading.
Stephen Roach, an economist at Morgan Stanley, thinks it could soon fall much more rapidly.
Malaysian banking group AMMB has hired Morgan Stanley to help it sell a stake in its profitable local life insurer.
Instead, Morgan Stanley suggested that it only had an actuarial problem.
Wall Street's bleak bonus season just got bleaker at Goldman Sachs Group Inc. and Morgan Stanley, where it is becoming clear that traders aren't the only ones at risk of having their pay taken back.
Morgan Stanley reported that it was comfortable with it capital position, the results of its stress tests, and that it would dedicate its capital expenditures to capitalize its internal units, while PNC announced it would raise its common stock dividend.
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Yes, HSBC had a pretty high profile and much-touted withdrawal, but Morgan Stanley just learned it will manage a multi-billion dollar privatization of SovComFlot, a state-owned ship construction and shipping business, and other Western investment banks are chomping at the bit to get a piece of the other asset sales that are coming down the pike.
At the time, however, he insisted he wanted to hold onto Discover because it added diversity to Morgan Stanley's business mix and because it was a slow but steadily growing business.
Its risk-taking allowed it to set itself apart from peers like JPMorgan Chase and Morgan Stanley, but also brought it a heap of criticism.
What happened is Morgan Stanley counsel first said it had found everything, then turned around and said there was more.
One strand of these negative financial trends has been elucidated by Morgan Stanley, in what it calls the balkanisation of the eurozone banking system.
His intention was to set up a consulting business that had the potential to cost Morgan Stanley dearly in fees it can charge those hedge funds.
Morgan Stanley said Thursday that it had reduced its outlook on global economic growth, with specific regard to the slower-than-expected recoveries in the U.S. and the euro zone.
Morgan Stanley surprised markets by declaring it had taken a sizeable short position in HBOS's stock.
On the plus side, a sale could help Morgan Stanley offset potentially steep losses it stands to take in its aircraft leasing program.
Morgan Stanley said this month that it was cutting 1, 600 jobs after its CEO James Gorman cut the workforce by 7% in 2012, or more than 4, 000 jobs.
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Crisis communications experts, who refused to speak on the record, said they would have advised Morgan Stanley to keep quiet until it was 100% certain it had found all the documents it was ever going to find.
It also took Morgan Stanley a long time to make its first investment.
That makes it sound like Morgan Stanley was retaliating for negative publicity.
The committee-owned web video site has hired Morgan Stanley and Guggenheim Partners to advise it on a potential sale, reports DealBook.
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