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Entries tagged "Smith Barney"A closer look at Morgan Stanley's third-quarter earningsMorgan Stanley reported a profit of $757 million, or $0.38 per diluted share for the third quarter with net revenues for the quarter at $8.7 billion. Morgan Stanley to make Gorman CEOJames Gorman will replace John Mack as CEO of Morgan Stanley. His retail experience made him a better fit than fellow co-prez Walid Chammah, who is better experienced in investment banking. Morgan Stanley, repaying TARP, rehires McVeyHenry McVey, a previous 10-year veteran of Morgan Stanley, is returning as head of global macro and asset allocation for Morgan Stanley Investment Management. Mack succession is coming?Talk about John Mack's eventual replacement as Morgan Stanley's CEO is beginning to grow. Finance Layoffs: Amex, HSBC, Legg Mason and moreMore finance layoffs have been announced at American Express Co. (NYSE:AXP), HSBC Holdings plc (NYSE:HSBC), Legg Mason and more. Morgan Stanley names Smith Barney JV headsRay Harris, interim president and chief operating officer of Morgan' global wealth management group, will become vice chairman. Brokers flee Smith BarneyCitigroup Inc.'s (NYSE:C) Smith Barney unit has lost 539 financial advisers to competitors in 2009. Finding Citigroup's mortgage aisleDeal Journal reports that Smith Barney brokers are thrilled to pieces that they are getting out from under the Citigroup Inc. umbrella. ... So what will Citi look like after a restructuring?When it comes to Citigroup Inc.'s drastic restructuring efforts, it appears that the new motto will be "everything old is new again." With the financial crisis shaking the bank to its core, Citigroup is restructuring itself and selling off business units in an effort that will leave it looking ... well ... just like it did prior to its landscape-changing merger with Travelers Group in 1998. ... Bank Watch: Citi tumbles 15% as Smith Barney deal is announcedStocks plunged Wednesday. The Dow was down 248.34 points at 8,200.22, the S&P 500 fell 28.65 points to 843.14, and the Nasdaq slipped 46.15 points to 1,500.31. Financial stocks got slammed with Citigroup Inc. hit prior to open. ... Bank Watch: Morgan Stanley gains as JV deal nearsStocks sunk Monday. The Dow fell 98.85 points to 8,500.33, the S&P 500 dropped 15.99 points to 874.36, and the Nasdaq decreased by 27.43 points to 1,544.16. Financial stocks were mostly in the negative.... Citi, Morgan Stanley and the persistence of the financial supermarketThe much-speculated joint venture deal between Morgan Stanley and Citigroup Inc. has stirred up commentary that feels like Christmas dinner leftovers from about three years ago. Oh God, not again! Citi chairman Win Bischoff is again about to be canned, CEO Vikram Pandit is either under pressure or has the board's confidence, and the man with a thousand lives, board chairman Richard Parsons, floats behind every story like the ghost in the machine. When did Parsons develop this reputation for omnicompetence? At Time Warner Inc.? ... Top tagsYou have executed a tag search on Dealscape. On the left,you will find a comprehensive list of stories tagged "Smith Barney." Below are the most-popular tags for Dealscape. On the right of the page you will find a search box to dig deeper into our content.
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