New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
May 16, 2013
18:49 EDTMSSenior holders may face first CMBS losses since crisis, WSJ reports
Holders of the senior slice of a triple-A rated commercial mortgage-backed security could face losses as early as next month, the first losses for senior holders on a bond initially rated triple-A since the financial crisis, reports The Wall Street Journal. The report says the Pier at Caesars mall in Atlantic City drew just $25M at auction last fall, well short of the $80M that analysts say will be needed to repay the outstanding loan, which was refinanced in part by a 2007 securities issue through Morgan Stanley. Reference Link
News For MS From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
March 27, 2015
09:37 EDTMSGoldman Sachs overtakes JPMorgan in commodities rankings, Reuters says
Subscribe for More Information
06:49 EDTMSBNY Mellon may have contacted recruitment firm for CEO candidates, Reuters says
Subscribe for More Information
March 26, 2015
08:17 EDTMSSEC Chairwoman proposes new 'dark pool' regulation, NY Post says
Securities and Exchange Commission Chairwoman Mary Jo White proposed new regulation Wednesday that would require high-frequency traders to register with the Financial Industry Regulatory Authority and provide the agency with a daily paper trail, reports the New York Post. The Post notes that there is a 60-day comment period before any SEC rule is finalized. Publicly traded companies in the space include Bank of America (BAC), Citi (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link
06:15 EDTMSMorgan Stanley CEO planning further changes to management team, WSJ reports
Over the next few months, sources tell The Wall Street Journal that Morgan Stanley Chairman and CEO James Gorman is planning further changes to the bank's management team as part of Gorman's efforts to prepare the bank for the next phase of its turnaround. Sources say Gorman is also looking to lay the groundwork for a succession plan. The bank said this week that Jonathan Pruzan will succeed Ruth Porat as CFO. Reference Link
March 25, 2015
07:22 EDTMSMorgan Stanley CFO selected partly due to experience with regulators, WSJ says
Morgan Stanley CEO James Gorman selected Jonathan Pruzan to succeed Ruth Porat as CFO in part because Pruzan "understands the current regulatory environment" due to his role advising other banks on the Fed's stress test, reports the Wall Street Journal, citing an internal memo from Gorman. The Journal notes that Pruzan is a diplomatic "banker to other bankers," having advised Morgan Stanley's peers and rivals on financial matters as well as managing relationships with regulators. Reference Link
March 24, 2015
16:20 EDTMSOn The Fly: Closing Wrap
Subscribe for More Information
10:44 EDTMSMorgan Stanley CFO change a 'manageable uncertainty,' says Wells Fargo
Subscribe for More Information
09:09 EDTMSMorgan Stanley CFO Porat to join Google as new CFO
Google (GOOG, GOOGL) and Morgan Stanley (MS) this morning announced that current Morgan Stanley Chief Financial Officer Ruth Porat will leave the firm and take on the same role at Google. WHAT'S NEW: Morgan Stanley said in a filing that Porat, who joined the firm in 1987, will leave the company, effective April 30. At Morgan Stanley, Porat was previously vice chairman of Investment Banking, global head of the Financial Institutions Group and and co-head of Technology Investment Banking. Google said in a separate statement that Porat will join the company as CFO on May 26. At Google, Porat will report to Google Chief Executive Officer and co-founder, Larry Page. WHAT'S NOTABLE: Jonathan Pruzan, currently co-head of the Global Financial Institutions Group in Investment Banking at Morgan Stanley, will succeed Porat as the bank's CFO upon Porat's departure. PRICE ACTION: Morgan Stanley is down 0.14% in pre-market trading and Google is up 1.09%.
08:59 EDTMSMorgan Stanley confirms Jonathan Pruzan will succeed Ruth Porat as CFO
Morgan Stanley (MS) announced in a filing that Ruth Porat, executive VP and CFO, would leave the company on April 30. In a memo, CEO James Gorman says, "After a 28-year career at Morgan Stanley, Ruth Porat has decided to leave the Firm to take on a new role in Silicon Valley and return to her California roots. It is with a heavy heart that we see her go. Ruth joined Morgan Stanley in 1987 and has played a number of key roles at the Firm, from her time leading the tech banking franchise during the Internet boom, to leading the FIG banking team during the financial crisis, then as CFO partnering with the senior team to transform Morgan Stanley for the new regulatory environment. She has been a mentor and sponsor to many colleagues, and a role model for even more. Her tremendous energy, diligence and insight have been an enormous asset to the Firm... Jonathan Pruzan, currently Co-Head of the Global Financial Institutions Group in Investment Banking, will be appointed CFO upon Ruthís departure. Jon joined Morgan Stanley in 1994 and has spent more than 20 years at the Firm working with financial institution clients. He understands the current regulatory environment, having shepherded clients through the Fedís stress test and CCAR processes. He brings both great technical skill and proven leadership to this new role. Jon has served on the Morgan Stanley/MUFG steering committee since 2013 and will continue to do so. He will join the Firmís Operating Committee and Management Committee."
08:57 EDTMSGoogle confirms that Morgan Stanley's Ruth Porat to join company as CFO
Subscribe for More Information
08:55 EDTMSGoogle to name Ruth Porat as CFO, Bloombeg reports
Dow Jones previously reported that Porat is leaving Morgan Stanley (MS).
08:53 EDTMSMorgan Stanley CFO Porat leaving bank for role in Silicon Valley, DJ reports
Subscribe for More Information
07:45 EDTMSMetLife CEO letter may be early sign of bank earnings headwinds, WSJ says
Subscribe for More Information
March 23, 2015
07:19 EDTMSCapital Link to hold a forum
Subscribe for More Information
March 19, 2015
11:53 EDTMSU.S. banks face headwinds in unloading oil loans, WSJ says
Subscribe for More Information
March 16, 2015
13:05 EDTMSMorgan Stanley's quarter not shaping up to be strong one, says Rafferty Capital
Rafferty Capital's Dick Bove said Morgan Stanley's current quarter is not shaping up to be a strong one. Bove said industry trade data from the NY Federal Reserve Bank is not that encouraging with fall offs in numbers in key categories. The analyst believes trading is flat to down overall in the quarter and investment banking its not fairing much better. Bove still views Morgan Stanley among his top picks for 2015 despite near-term issues.
12:33 EDTMSMorgan Stanley may be challenged in quarter, says Rafferty Capital
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use