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Rating:Morgan Stanley is in No Hurry to Own All of MSSB Not Rated 5.0 Email Routing List Email & Route  Print Print
Thursday, November 04, 2010

Morgan Stanley is in No Hurry to Own All of MSSB

News summary by MFWire's editors

For fundsters with eyes glued to the wirehouse channel, an item today in the Wall Street Journal could be worth a look.

Citing anonymous sources, the pub reports that Morgan Stanley CEO James Gorman told investors at a private meeting last Friday that Morgan Stanley is not obliged to follow the quickest possible timeframe for buying the rest of MSSB.

This was not the first time that Gorman made such comments, according to the report.

Morgan Stanley owns 51 percent of MSSB, with Citi owning the remainder.  

Edited by: Armie Margaret Lee

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