Request sent Morgan Stanley’s search for revenues and profits…………..of course, trading!

Chairman and Chief Executive Officer John Mack, who plans to hand off his CEO duties to Co-President James Gorman at the end of the year, has expanded the company’s retail brokerage unit and hired traders to help recover from the worst losses in the firm’s history. The stock, which has more than doubled this year, is still below where it traded in September 2008 before Lehman Brothers Holdings Inc. went bankrupt.

http://www.bloomberg.com/apps/news?pid=20601087&sid=aT3N8Rsw3lxc

Related Posts:

• Sarkozy Threat to Shun Banks on Pay Draws U.S. Alarm (Update2)
• Harvard lost a big chunk of money on derivatives last year
• Morgan Stanley has sold 3B of CDs.
• “Broken Securities Industry Still Has $20 Billion to Pay Bonuses”
• It seems we have hit yet another round in the legal battle against the FED, where it is once again told it must release bailout details.

Leave a comment