The final price tag on the Morgan Stanley Smith Barney joint venture is $13.5 billion. That’s $9 billion less than what Citigroup was hoping for. Original post on forbes.com Comments on reddit.com
More than three months after Facebook’s IPO, chief financial officer David Ebersman is getting the blame for the social network’s failure on the stock market, at least that’s how DealBook’s Andrew Ross Sorkin sees it. Original post on theatlanticwire.com Comments on reddit.com
NEW YORK (Reuters) – Several dozen Morgan Stanley Smith Barney advisers who manage tens of billions of dollars of client money are considering leaving the firm, saying that widespread technology problems Original post on reuters.com Comments on reddit.com
Moody’s Investors Service dealt a fresh blow to the financial sector, downgrading more than a dozen global banks to reflect declining profitability in an industry being rocked by soft economic growth, tougher regulations and nervous investors.. Original post on wsj.com Comments on reddit.com
Two weeks after Facebook’s initial public offering, the hand-wringing over its dismal stock performance hasn’t died down—and neither have the questions over how the IPO was carried out. Original post on washingtonpost.com Comments on reddit.com
Morgan Stanley, the lead investment bank in Facebook’s flotation, will compensate investors who overpaid, according to a person familiar with the matter. Original post on telegraph.co.uk Comments on reddit.com