Morgan Stanley (MS) * Describe the nature of this company’s business according to the Annual Report. Morgan Stanley is a financial services holding company that operates on a global basis through its subsidiaries and affiliates to maintain a competitive market position within its business segments. The three segments MS primarily positions itself in are the following: Institutional Securities, Global Wealth Management Group, and Asset Management. MS provides these services to a wide and
Words: 1017 - Pages: 5
Capital One is a diversified bank that offers a broad array of financial products and services to consumers, small businesses and commercial clients. A Fortune 500 company, Capital One has one of the most widely recognized brands in America. As oneRichard D. Fairbank is founder, Chairman and Chief Executive Officer of Capital One® Financial Corporation. Capital One, headquartered in McLean, Virginia, offers a broad spectrum of financial products and services to consumers, small businesses and commercial
Words: 1530 - Pages: 7
to address market conditions, innovation, pricing, after-market performance of underwritings and market reputation. Deals announced or completed in 2010 were considered. "The investment banking industry has changed as a result of the financial crisis," said Global Finance publisher Joseph D. Giarraputo. "The best institutions are those that have a business model focused on customer needs." For editorial information please contact: Dan Keeler, Editor, email: dan@gfmag.com GLOBAL AWARDS
Words: 690 - Pages: 3
products and services for their consumers as well as provide numerous job opportunities to the citizens of the state. According to the supporters of the bailout plan, the economy needs rescue and helping out banks and other institutions in financial crisis will go far in reviving the economy as well. Take for example the case of AIG which received $85 billion bailout loan from the government in 2008. Why would the government not let the company close up? AIG can be described as 'too big to fail'. This
Words: 863 - Pages: 4
Asset Securitization Securitization is the process of pooling and packaging Financial Assets, usually relatively illiquid, into liquid marketable securities. Securitization allows an entity to assign (i.e. sell) its interest in a pool of financial assets (and the underlying security) to other entities. The originator packages a pool of loans and assigns his interest therein, including the underlying security, to a bankruptcy remote and tax neutral entity which, in turn, issues securities to investors
Words: 277 - Pages: 2
$500 million of short term debt to cover its losses from an unprofitable hedge fund. There was also a $38 million dollar fine paid to the SEC for fraudulent behavior. They were caught up in the CDO craze like everyone else and accepted way too many mortgages without knowing the details. Cayne must not have grasped the situation in its entirety. I can’t believe he announced they had $11.4 billion in cash and was now taking the situation seriously. The hole was much deeper than that. March 10, 2008
Words: 524 - Pages: 3
nation; however they are hit with lawsuits almost every week. The lawsuits range from stockholders to customers. Most recent one being, a 50 billion lawsuits brought by Bank of America shareholders. When the market crashed (recession hit or financial crisis) in 2008, Bank of America acquired Merrill Lynch. The shareholders claim that the bank’s executives including former chief operating officer Kenneth Lewis failed to disclose a loss of $15.31 billion after the acquisition of Merrill Lynch. Shareholders
Words: 343 - Pages: 2
Case Analysis – Innovation and Collaboration at Merrill Lynch David A. Davis The changed environment of Wall Street threatened the independent, silo culture that dominated the investment research trade. Brokerage houses needed to identify opportunities to create value-added products. Despite industry reforms, lower trading volume, and declining commission rates, “research continued to provide brokerage firms’ key competitive advantage, according to Institutional Investor.” (Harvard Business
Words: 657 - Pages: 3
to prevent there collapse in case of a problem. That is what happened in 2008 with the Emergency Economic Stabilization Act, which consisted in a bailout of the U.S. financial system representing more than $700 billions as an answer to the subprime crisis. With that in mind we can understand better the logic of Moral Hazard, the bailout of 2008 set a precedent for banks and they know they have a safety net so they can take more risks in their activities. This self-destructing logic is a manifestation
Words: 489 - Pages: 2
welfare state crises, cutbacks and retrenchment • The irreversible nature of welfare state expansion could no longer assumed • Why's the 1970s crisis different? ○ Historically there has been references to welfare state crisis (See Pierson, 2006:144-145) ○ What was the significant about 1970s was the convergence of Crises/Challenges • Convergence of crisis ○ Economic § Economic recession in the 1970s: rising level of unemployment and inflation, decline in tax revenue. § Rising costs of welfare
Words: 292 - Pages: 2
