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Morgan Stanley is not an investment bank. It is a bank holding company ever since it took bailout money from the Fed. http://www.morganstanley.com/about-us-ar
by notsony 12y ago
Morgan Stanley is not an investment bank. It is a bank holding company ever since it took bailout money from the Fed.
http://www.morganstanley.com/about-us-articles/6933.html http://www.morganstanley.com/about-us-articles/6933.html
http://dealbook.nytimes.com/2008/09/21/goldman-morgan-to-become-bank-holding-companies/?_r=0 http://dealbook.nytimes.com/2008/09/21/goldman-morgan-to-bec...
- jsprogrammer 12y agoAnd so it has come full circle: >The corporation, formed by J.P. Morgan & Co. partners Henry S. Morgan (grandson of J.P. Morgan), Harold Stanley and others, came into existence on September 16, 1935, in response to the Glass-Steagall Act that required the splitting of commercial and investment banking businesses. [0] [0] http://en.wikipedia.org/wiki/Morgan_Stanley http://en.wikipedia.org/wiki/Morgan_Stanley