Morgan Stanley

Morgan Stanley is an American multinational investment bank and financial services company headquartered at 1585 Broadway in Midtown Manhattan, New York City. With offices in 41 countries and more than 75,000 employees, the firm's clients include corporations, governments, institutions, and individuals. Morgan Stanley ranked No. 61 in the 2023 Fortune 500 list of the largest United States corporations by total revenue and in the same year ranked #30 in Forbes Global 2000.
morgan-stanley

Some of the key events about Morgan Stanley

  • 1932
    Faced criticism for underwriting bonds for repressive Latin American regimes
  • 1935
    Founded as an investment bank in New York City
  • 1941
    Became a publicly traded company on the New York Stock Exchange
  • 1975
    Established its first international office in Paris
  • 1986
    Acquired E.F. Hutton & Co., significantly expanding its retail brokerage business
  • 1994
    Paid $9 million to settle charges of improper handling of customer accounts
  • 1997
    Merged with Dean Witter, Discover & Co., creating a major retail brokerage and asset management firm
  • 2001
    Spun off its Discover Card business, focusing on core financial services
  • 2003
    Agreed to pay $125 million to settle allegations of biased stock research
  • 2004
    Fined $19 million for failure to produce email evidence in legal proceedings
  • 2007
    Incurred $9.4 billion in losses from subprime mortgage investments
  • 2008
    Converted to a bank holding company during the financial crisis, ensuring its survival
  • 2008
    Received a $10 billion bailout from the U.S. government during the financial crisis
  • 2009
    Acquired Smith Barney from Citigroup, becoming a global leader in wealth management
  • 2010
    Paid $102 million to settle claims of overcharging customers for currency trades
  • 2013
    Completed the purchase of the remaining stake in Morgan Stanley Smith Barney
  • 2016
    Agreed to pay $3.2 billion to settle claims related to its role in the 2008 mortgage crisis
  • 2019
    Fined $1.5 million for insufficient anti-money laundering program at its commodities business
  • 2020
    Acquired E*TRADE, expanding its digital banking and online brokerage services
  • 2022
    Paid $200 million to resolve investigations into employee communications on unapproved devices

Disclaimer: This material is written based on information taken from open sources, including Wikipedia, news media, podcasts, and other public sources.

Morgan Stanley Latest news

Wall Street's SPAC Persistence: Adapting to New Market Realities

Wall Street's SPAC Persistence: Adapting to New Market Realities

August 27 2024, 04:55 PM  •  831 views
Indian Shares Poised for Flat Open as Global Rally Pauses

Indian Shares Poised for Flat Open as Global Rally Pauses

August 27 2024, 03:04 AM  •  4317 views
Italian Prosecutors Probe Fatal Yacht Sinking Off Sicily Coast

Italian Prosecutors Probe Fatal Yacht Sinking Off Sicily Coast

August 24 2024, 02:09 PM  •  4005 views
Prosecutors Probe Luxury Yacht Disaster Off Sicily, Seven Lives Lost

Prosecutors Probe Luxury Yacht Disaster Off Sicily, Seven Lives Lost

August 24 2024, 09:25 AM  •  968 views
Mexico's Ruling Coalition Gains Controversial Majority in Congress

Mexico's Ruling Coalition Gains Controversial Majority in Congress

August 24 2024, 12:58 AM  •  1355 views
Tragic Yacht Incident off Sicily Claims Seven Lives, Including Tech Mogul

Tragic Yacht Incident off Sicily Claims Seven Lives, Including Tech Mogul

August 23 2024, 12:08 PM  •  703 views
Tech Mogul Mike Lynch's Body Recovered from Sunken Yacht off Sicily

Tech Mogul Mike Lynch's Body Recovered from Sunken Yacht off Sicily

August 22 2024, 04:16 PM  •  124 views
Mexican Judicial Reform Sparks Nationwide Protests and Economic Concerns

Mexican Judicial Reform Sparks Nationwide Protests and Economic Concerns

August 21 2024, 10:39 PM  •  817 views
Mexican Judges Strike Against Controversial Judicial Reform Proposal

Mexican Judges Strike Against Controversial Judicial Reform Proposal

August 21 2024, 08:06 PM  •  455 views
Tragedy Strikes Off Sicily: Four Bodies Found in Sunken Superyacht

Tragedy Strikes Off Sicily: Four Bodies Found in Sunken Superyacht

August 21 2024, 03:48 PM  •  313 views
Divers Resume Search for Missing Tech Mogul After Yacht Sinks Off Sicily

Divers Resume Search for Missing Tech Mogul After Yacht Sinks Off Sicily

August 21 2024, 10:48 AM  •  466 views
Luxury Yacht Sinks Off Sicily: Tech Tycoon Among Missing

Luxury Yacht Sinks Off Sicily: Tech Tycoon Among Missing

August 20 2024, 07:13 PM  •  522 views
Google Inks Solar Power Deal with Energix for AI Data Centers

Google Inks Solar Power Deal with Energix for AI Data Centers

August 20 2024, 07:11 PM  •  479 views
Yacht Disaster off Sicily: Tech Mogul Among Missing, Rescue Efforts Continue

Yacht Disaster off Sicily: Tech Mogul Among Missing, Rescue Efforts Continue

August 20 2024, 03:57 PM  •  461 views
Luxury Yacht Sinks Off Sicily: Tech Mogul Among Six Missing

Luxury Yacht Sinks Off Sicily: Tech Mogul Among Six Missing

August 20 2024, 06:48 AM  •  8566 views
Economics Professor Alan Taylor Joins Bank of England's Monetary Policy Committee

Economics Professor Alan Taylor Joins Bank of England's Monetary Policy Committee

August 16 2024, 01:01 PM  •  504 views
U.S. Retail Sales Surge Despite Economic Concerns

U.S. Retail Sales Surge Despite Economic Concerns

August 15 2024, 04:45 PM  •  187 views
Gulf Markets Rise on U.S. Inflation Data, Fed Rate Cut Expectations

Gulf Markets Rise on U.S. Inflation Data, Fed Rate Cut Expectations

August 15 2024, 08:46 AM  •  349 views
UBS Tackles Credit Suisse Integration, Faces Growth Hurdles

UBS Tackles Credit Suisse Integration, Faces Growth Hurdles

August 14 2024, 12:15 PM  •  400 views
Tech Giants Face Market Cap Slump Amid AI Investment Concerns

Tech Giants Face Market Cap Slump Amid AI Investment Concerns

August 1 2024, 04:12 PM  •  1004 views
Election Jitters and 401(k)s: Separating Fact from Fiction

Election Jitters and 401(k)s: Separating Fact from Fiction

Explore the real impact of U. S. elections on retirement savings. Learn why economic cycles matter more than political shifts for long-term market performance.

Economics, Politics • October 3 2024, 12:03 PM  •  548 views
Major U.S. Port Strike Enters Third Day, Causing Vessel Backlog

Major U.S. Port Strike Enters Third Day, Causing Vessel Backlog

A significant dockworker strike at East and Gulf Coast ports enters its third day, causing a backlog of at least 45 container vessels. The White House urges port employers to increase their pay offer as negotiations stall.

Business, Economics, Politics • October 3 2024, 09:05 AM  •  260 views
SEC Enforcement Chief Exits After Three-Year Crackdown on Crypto and Wall Street

SEC Enforcement Chief Exits After Three-Year Crackdown on Crypto and Wall Street

Gurbir Grewal, SEC enforcement director, departs after leading major actions against cryptocurrency exchanges and Wall Street firms. His tenure saw increased regulatory scrutiny and billions in fines.

Business, Economics • October 2 2024, 07:00 PM  •  341 views
China Unveils Broad Economic Stimulus Amid Growth Concerns

China Unveils Broad Economic Stimulus Amid Growth Concerns

China's financial authorities introduce comprehensive measures to boost the economy, including interest rate cuts and property market support. The move aims to address slowing growth and deflation concerns.

Business, Economics • September 24 2024, 08:26 AM  •  510 views
Fed Eases Capital Rules for Big Banks, Cutting Buffer Increase to 9%

Fed Eases Capital Rules for Big Banks, Cutting Buffer Increase to 9%

Federal Reserve's top regulator Michael Barr announces softer capital requirement rules for major U. S. banks, reducing the proposed increase from 19% to 9%. Changes address industry concerns while maintaining key reforms.

Business, Economics • September 10 2024, 08:26 PM  •  641 views
Tech Tycoon Mike Lynch's Tragic Demise: Yacht Sinking Mystery Unfolds

Tech Tycoon Mike Lynch's Tragic Demise: Yacht Sinking Mystery Unfolds

British entrepreneur Mike Lynch and six others perished when their yacht sank off Sicily. Initial examinations suggest suffocation as the cause of death, puzzling experts about the vessel's rapid sinking.

Business, Science • September 7 2024, 04:44 PM  •  1034 views
Yacht Tragedy Off Sicily: Suffocation Suspected in Tech Tycoon's Family Disaster

Yacht Tragedy Off Sicily: Suffocation Suspected in Tech Tycoon's Family Disaster

Initial autopsies suggest suffocation as cause of death in Sicily yacht sinking. Seven people, including British tech mogul Mike Lynch and his daughter, perished in the mysterious incident.

Society, Business • September 5 2024, 05:34 PM  •  719 views
Drowning Confirmed as Cause of Death in Sicilian Yacht Tragedy

Drowning Confirmed as Cause of Death in Sicilian Yacht Tragedy

Autopsies reveal drowning as the cause of death for victims of the Bayesian yacht sinking off Sicily. Prosecutors investigate the incident while planning to raise the vessel for examination.

Society, Science • September 2 2024, 07:41 PM  •  863 views
Mexico's Democracy at Crossroads: López Obrador's Last-Minute Reforms

Mexico's Democracy at Crossroads: López Obrador's Last-Minute Reforms

President López Obrador pushes for major constitutional changes in his final weeks, sparking concerns about Mexico's democratic future and economic stability. Proposed reforms face international criticism and market uncertainty.

Economics, Politics • August 31 2024, 06:44 PM  •  1254 views
India's NSE Revives IPO Plans, Seeks Regulatory Approval

India's NSE Revives IPO Plans, Seeks Regulatory Approval

India's National Stock Exchange reinitiates its IPO process, potentially one of the country's largest. The move follows regulatory hurdles and aims to provide an exit for existing shareholders.

Business, Economics • August 28 2024, 04:13 AM  •  3173 views
Wall Street's SPAC Persistence: Adapting to New Market Realities

Wall Street's SPAC Persistence: Adapting to New Market Realities

Despite a slowdown in SPAC activity, financial institutions continue to engage with these investment vehicles. Private equity firms may play a crucial role in revitalizing the SPAC model through structural reforms.

Business, Economics • August 27 2024, 04:55 PM  •  831 views
Indian Shares Poised for Flat Open as Global Rally Pauses

Indian Shares Poised for Flat Open as Global Rally Pauses

Indian stock market expected to open steady near record highs. Global markets pause on U.S. rate cut anticipation, while oil prices rise due to Middle East tensions.

Business, Economics • August 27 2024, 03:04 AM  •  4317 views
Italian Prosecutors Probe Fatal Yacht Sinking Off Sicily Coast

Italian Prosecutors Probe Fatal Yacht Sinking Off Sicily Coast

Italian authorities investigate the sinking of a yacht off Sicily, resulting in seven deaths, including British tech entrepreneur Mike Lynch. Prosecutors consider potential charges of culpable shipwreck and manslaughter.

Society, Business • August 24 2024, 02:09 PM  •  4005 views
Prosecutors Probe Luxury Yacht Disaster Off Sicily, Seven Lives Lost

Prosecutors Probe Luxury Yacht Disaster Off Sicily, Seven Lives Lost

Italian authorities investigate the sinking of a "unsinkable" superyacht near Sicily, resulting in seven fatalities. The incident raises questions about vessel safety in severe weather conditions.

Society, Business • August 24 2024, 09:25 AM  •  968 views
Mexico's Ruling Coalition Gains Controversial Majority in Congress

Mexico's Ruling Coalition Gains Controversial Majority in Congress

Mexico's electoral institute grants governing coalition a supermajority in Congress, sparking debate over representation and constitutional changes. Critics warn of potential risks to democracy and judicial independence.

Economics, Politics • August 24 2024, 12:58 AM  •  1355 views
Tragic Yacht Incident off Sicily Claims Seven Lives, Including Tech Mogul

Tragic Yacht Incident off Sicily Claims Seven Lives, Including Tech Mogul

A luxury yacht sinking off Sicily's coast results in seven fatalities, including British tech entrepreneur Mike Lynch and his daughter. Fifteen others were rescued in the maritime disaster.

Society, Business • August 23 2024, 12:08 PM  •  703 views
Tech Mogul Mike Lynch's Body Recovered from Sunken Yacht off Sicily

Tech Mogul Mike Lynch's Body Recovered from Sunken Yacht off Sicily

British entrepreneur Mike Lynch's body found in yacht wreckage near Sicily. Five others identified, one still missing after violent storm sank vessel carrying 22 people. Recovery efforts ongoing.

Society, Business • August 22 2024, 04:16 PM  •  124 views
Mexican Judicial Reform Sparks Nationwide Protests and Economic Concerns

Mexican Judicial Reform Sparks Nationwide Protests and Economic Concerns

President López Obrador's proposal to elect judges faces opposition from court employees and financial analysts. The controversial plan has ignited debates about judicial independence and investment stability in Mexico.

Economics, Politics • August 21 2024, 10:39 PM  •  817 views
Mexican Judges Strike Against Controversial Judicial Reform Proposal

Mexican Judges Strike Against Controversial Judicial Reform Proposal

Judicial strike in Mexico escalates as judges protest proposed reform for popular election of judges. Markets react negatively, with peso falling over 2% amid concerns about judicial independence and economic impact.

Economics, Politics • August 21 2024, 08:06 PM  •  455 views
Tragedy Strikes Off Sicily: Four Bodies Found in Sunken Superyacht

Tragedy Strikes Off Sicily: Four Bodies Found in Sunken Superyacht

Four bodies discovered in wreckage of superyacht off Sicily coast. Vessel owned by tech entrepreneur's family sank in severe storm, with 15 rescued and others still missing.

Society, Business • August 21 2024, 03:48 PM  •  313 views
Divers Resume Search for Missing Tech Mogul After Yacht Sinks Off Sicily

Divers Resume Search for Missing Tech Mogul After Yacht Sinks Off Sicily

Search efforts continue for six missing individuals, including British entrepreneur Mike Lynch, after a superyacht sank off Sicily's coast. Divers face challenges in exploring the wreck at 50 meters depth.

Society, Business • August 21 2024, 10:48 AM  •  466 views
Luxury Yacht Sinks Off Sicily: Tech Tycoon Among Missing

Luxury Yacht Sinks Off Sicily: Tech Tycoon Among Missing

A luxury yacht sank off Sicily's coast during a violent storm, leaving six people missing, including British tech entrepreneur Mike Lynch. Divers face challenges in searching the wreck at 49 meters depth.

Society, Business, Science • August 20 2024, 07:13 PM  •  522 views
Google Inks Solar Power Deal with Energix for AI Data Centers

Google Inks Solar Power Deal with Energix for AI Data Centers

Energix Renewables partners with Google to supply solar power and renewable credits for AI data centers. The deal, leveraging Biden's climate act, includes 1.5GW peak development with expansion potential.

Business, Science • August 20 2024, 07:11 PM  •  479 views
Yacht Disaster off Sicily: Tech Mogul Among Missing, Rescue Efforts Continue

Yacht Disaster off Sicily: Tech Mogul Among Missing, Rescue Efforts Continue

A luxury yacht sank off Sicily's coast, leaving six missing, including a British tech entrepreneur. Rescue efforts are ongoing as survivors recount harrowing experiences during the storm.

Society, Business • August 20 2024, 03:57 PM  •  461 views
Luxury Yacht Sinks Off Sicily: Tech Mogul Among Six Missing

Luxury Yacht Sinks Off Sicily: Tech Mogul Among Six Missing

A 56-meter luxury yacht sank off Sicily's coast during a violent storm, leaving six people missing and one dead. Rescue efforts continue for the missing, including British tech entrepreneur Mike Lynch.

Society, Business • August 20 2024, 06:48 AM  •  8566 views
Economics Professor Alan Taylor Joins Bank of England's Monetary Policy Committee

Economics Professor Alan Taylor Joins Bank of England's Monetary Policy Committee

Alan Taylor, an expert in international economics and financial crises, has been appointed to the Bank of England's Monetary Policy Committee. The British-born Columbia University professor will start his role on September 2, 2024.

Business, Economics • August 16 2024, 01:01 PM  •  504 views
U.S. Retail Sales Surge Despite Economic Concerns

U.S. Retail Sales Surge Despite Economic Concerns

July saw a surprising 1% rise in U. S. retail sales, the largest in two years, easing recession fears. However, financial strain on lower-income households and mixed corporate outlooks paint a complex economic picture.

Business, Economics • August 15 2024, 04:45 PM  •  187 views
Gulf Markets Rise on U.S. Inflation Data, Fed Rate Cut Expectations

Gulf Markets Rise on U.S. Inflation Data, Fed Rate Cut Expectations

Gulf stock markets showed positive trends following benign U. S. inflation data. Traders anticipate Federal Reserve rate cuts in September, impacting Gulf Cooperation Council monetary policies.

Business, Economics • August 15 2024, 08:46 AM  •  349 views
UBS Tackles Credit Suisse Integration, Faces Growth Hurdles

UBS Tackles Credit Suisse Integration, Faces Growth Hurdles

UBS reports progress in Credit Suisse integration and cost-cutting, but faces challenges in wealth management growth. The bank's valuation remains steady amid uncertainties about its future performance.

Business, Economics • August 14 2024, 12:15 PM  •  400 views
Tech Giants Face Market Cap Slump Amid AI Investment Concerns

Tech Giants Face Market Cap Slump Amid AI Investment Concerns

Major tech companies experienced significant market cap declines in July 2024 due to disappointing Q2 results and concerns over AI investments. Apple and Tesla bucked the trend with notable increases.

Business, Economics, Science • August 1 2024, 04:12 PM  •  1004 views
  • Prev
  • 1
  • 2
  • Next