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.
Armie Margaret Lee
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