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Does Morgan Stanley regret buying Smith Barney? (from Corporate Dealmaker)

Certainly not, said Morgan Stanley (NYSE:MS) CFO Colm Kelleher, in response to the fastball pitched by Mike Mayo, an analyst for CLSA Asia-Pacific Markets, during Wednesday's earnings call.  "We have no buyer's remorse; we are really comfortable with the acquisition and joint venture itself," Kelleher (pictured) replied. You can't blame...

Posted on July 22, 2009 4:50 PM

Morgan Stanley, Citi JV slowed by IT (from Corporate Dealmaker)

It seems Morgan Stanley (NYSE:MS) and Citigroup Inc. (NYSE:C) may have jumped too quickly to close their $14 billion brokerage joint venture. The companies closed the deal, which merged Morgan Stanley's brokerage with Citi's Smith Barney unit, on June 1, months ahead of schedule. Now, though, the Financial Times is...

Posted on June 15, 2009 12:59 PM

Morgan Stanley, Citigroup JV launches (from Corporate Dealmaker)

Morgan Stanley (NYSE:MS) and Citigroup Inc. (NYSE:C) closed Monday on their brokerage joint venture, months ahead of schedule. The deal, which mergers Morgan Stanley's global wealth management group with Citi's Smith Barney U.S. unit, was originally targeted to close in the the third quarter of 2009. The combined brokerage, called...

Posted on June 1, 2009 11:07 AM