Thu, 19 Jan 2012 19:00:12 +0100 (Reuters) - A pricey settlement over bond insurance pushed Morgan Stanley into the red in the fourth quarter, but the Wall Street bank still posted better-than-expected results, due to a focus on cost cuts and relatively strong performance in equities trading. Morgan Stanley has been trying to cut back on everything, from BlackBerry bills to capital-hungry trading operations, reducing noncompensation expenses 7 percent. But the bank has struggled to trim compensation, its single largest expense. The bank set aside $16.4 billion, or 51 percent of net revenue, for compensation. ... (Source: Reuters)
Trader Richard Deviccaro of Morgan Stanley works on the floor ...
Tue, 01 Nov 2011 11:10:05 +0100 (Reuters) - Trader Richard Deviccaro of Morgan Stanley works on the floor of the New York Stock Exchange October 31, 2011. REUTERS/Brendan McDermid
Former President of Morgan Stanley International Richard A. ...
Fri, 23 Sep 2011 22:10:05 +0200 (Reuters) - Former President of Morgan Stanley International Richard A. Debs (L) shakes hands with Federal Reserve Bank of New York CEO William Dudley (R) after Dudley spoke at the Bretton Woods Committee International Council conference in Washington, September 23, 2011. REUTERS/Jonathan Ernst (UNITED STATES - Tags: POLITICS BUSINESS)
Wall Street bank Morgan Stanley reported that it lost $558 million ...
Thu, 21 Jul 2011 14:20:06 +0200 (AFP/Getty Images/File) - Wall Street bank Morgan Stanley reported that it lost $558 million in the second quarter, largely due to a one-time charge, beating analysts' forecasts.(AFP/Getty Images/File/Mario Tama)
A street sign stands near the Morgan Stanley worldwide headquarters ...
Tue, 01 Mar 2011 14:00:16 +0100 (Reuters) - A street sign stands near the Morgan Stanley worldwide headquarters building in New York in this May 8, 2009 file photo. Morgan Stanley experienced a "very sensitive" break-in to its network by the same China-based hackers who attacked Google Inc's computers more than a year ago, Bloomberg reported, citing leaked emails from an Internet security company. The emails from the Sacramento, California-based computer security firm HBGary Inc said that Morgan Stanley -- the first financial institution identified in the series of attacks -- considered details of the intrusion a closely guarded secret, the report said. REUTERS/Lucas Jackson/Files (UNITED STATES - Tags: BUSINESS TECH)
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