The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Gorman Reacts to MSSB Buzz Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, November 09, 2010

Gorman Reacts to MSSB Buzz

News summary by MFWire's editors

Morgan Stanley CEO James Gorman on Monday set the record straight about his company's plans regarding its Morgan Stanley Smith Barney joint venture with Citi.

Last week, the Wall Street Journal, citing anonymous sources, reported that Morgan Stanley might consider postponing purchases of additional stakes in the joint venture to meet tougher global capital requirements in 2013 (see The MFWire, 11/4/2010).

Speaking at SIFMA's annual meeting yesterday, Gorman called the report "not accurate," according to Reuters. "We fully intend" to complete the purchases from Citi, he added.

Morgan Stanley intends to "move forward on the first trigger," the Wall Street Journal reported in a story published today. 

Edited by: Armie Margaret Lee

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2020
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use