Citi breakup in sight after Morgan Stanley deal (Reuters)

NEW YORK (Reuters) – Citigroup Inc agreed to merge its Smith Barney brokerage with Morgan Stanley's wealth management unit on Tuesday, and is expected to make further asset sales to raise capital and to isolate toxic assets from the rest of the bank. Citigroup, once the world's largest bank, may announce plans on January 22 [more...]

Date: 2009-01-14 01:46:29

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Citi Breakup in Sight (Reuters)

This just in from Reuters; Robert Rubin's departure from Citigroup appears to have been a prelude to this ... (Reuters) - Citigroup Inc agreed to merge its Smith Barney brokerage with Morgan Stanley's wealth management unit on Tuesday, and is expected to make further asset sales to raise capital and to isolate [more...]

Date: 2009-01-14 08:05:44

MUFG first half profts fall 64%

Mitsubishi UFJ Financial Group (MUFG) on Tuesday reported a 64% drop in first half net profits to Y92bn ($953m) from Y256 ... of shares. Nobuo Kuroyanagi, chief executive, also said the bank had started talks with Morgan Stanley on co-operating in areas including asset management and overseas M&A.... [more...]

Date: 2008-11-19 05:47:18

Thinking About Ollie, Wolf, Roger, Empty Seats In The Bronx and the New Name For Mets Stadium

Derek Lowe got his money and his fourth year. I guess it's hard to give a 35 year old a fourth year, thing stend not to work out (cough, Pedro) ... ," said William Smith at Smith Asset Management, who owns Citigroup shares. He has been calling ... . .. Morgan Stanley Stadium in 2010? Is there a single person out there who thinks the present Name [more...]

Date: 2009-01-14 02:59:44

Will investors support Pandit's new plan for Citi?

Citigroup Inc.'s board is supposedly standing behind CEO Vikram Pandit as he pulls apart Sanford Weill's trumpeted financial ... that the banks reached a definitive agreement to combine Morgan Stanley's Global Wealth Management Group ... ? This restructuring is sounding similar to American International Group Inc.'s asset sell-off, and [more...]

Date: 2009-01-14 21:22:38

Mitsubishi UFJ Loses $500 Million on Morgan Stanley Stake

Boy, there have been bigger bad investments (TPG putting $7 billion into WaMu comes to mind) ... Asset Management Co. in Tokyo. ``The U.S. bailout plan was the big change we hadn't had before ... . have tapped the region's banks and sovereign wealth funds for money in the past year as falling U.S. home [more...]

Date: 2008-09-30 04:03:53

Goldman Sachs and Morgan Stanley Are Buying. Who?s Selling?

Now that Goldman Sachs and Morgan Stanley have become bank holding companies, they are on the acquisition trail looking to boost their deposit bases ... talks with several suitors including PNC Financial. NatCity has an asset management business ... Stanley in particular, which has a sprawling asset management operation with $577 billion at Morgan [more...]

Date: 2008-10-13 09:51:00

Morgan Stanley Memo: ‘We Also Will Be Looking at Acquisitions’

Today, Morgan Stanley closed its investment from Mitsubishi UFJ ... Morgan Stanley’s global investment banking and asset management expertise with MUFG’s vast resources ... , and we are confident that the combination of these two world-class institutions creates a powerful global alliance [more...]

Date: 2008-10-13 13:10:49

Citi breakup in sight after Morgan Stanley deal

Citi breakup in sight after Morgan Stanley deal  Posted by UK Economy News In UK financial news 14Jan 09 Citigroup Inc agreed to merge its Smith Barney brokerage with Morgan Stanley's wealth management unit on Tuesday, and is expected to make further asset sales to raise capital and to isolate toxic assets from the rest of the bank [more...]

Date: 2009-01-14 06:29:00

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