| //05-22-2009 |
Morgan Stanley (NYSE: MS) and MSCI Inc. (NYSE: MXB) announced that Morgan Stanley's previously announced secondary offering of all of its remaining 27,708,653 shares of MSCI Inc. class A common stock, par value $0.01 per share, priced at $21.50 per share. MSCI Inc. will not receive any of the proceeds from the sale of the class A common stock.
"We are pleased to complete the separation of MSCI from Morgan Stanley, which we began in 2007," said John J. Mack, Chairman and CEO of Morgan Stanley. "As we said then, we believe this transaction will unlock value for Morgan Stanley's shareholders as well as release capital to redeploy into our core activities including institutional securities, asset management and global wealth management."
|
| //05-20-2009 |
To help independent investment advisory firms maximize employee efficiency and productivity, Charles Schwab today announced a series of new performance management tools for advisors available through its Human Capital offer. The expanded resources for advisors include best practices and ready-to-use tools and templates across five key areas of human resources management including setting employee goals and objectives, employee performance management, employee career path development, staff motivation and leadership, and firm work environment.
|
| //05-20-2009 |
Chrysler is no more, at least the old one. The Obama administration promised a swift and rapid "surgical" bankruptcy, but experts are now saying that that the process may drag on for years. While most of us will never fully understand the details of this bankruptcy, we're now left with two Chryslers. The old Chrysler owes millions to creditors, and the new one, lead by management from Fiat, is continuing to make automobiles. Expect many dealerships and factories to close, and some jobs, unfortunately, will be lost.
|
| //05-20-2009 |
Online investment firm provides convenient service and support with new local office
|
| //05-20-2009 |
E*TRADE FINANCIAL Corp. (NASDAQ: ETFC) announced SmartMoney Magazine has ranked E*TRADE Securities the #1 Online Discount Broker with high scores across five categories. The 17th annual Broker Survey, which appears in the June 2009 issue of the magazine, rigorously analyzed the offerings and performance of 16 online brokers based on: Mutual Funds & Investment Products, Banking Services, Trading Tools, Research, and Customer Service.
"Earning the top spot for three consecutive years is a testament to the strength of E*TRADE's business. Securing SmartMoney's highest ranking in this challenging market environment is especially rewarding," said Michael Curcio, President, E*TRADE Securities LLC. "SmartMoney's ranking showcases what our customers know best: E*TRADE delivers low-cost, easy-to-use, robust trading and investing platforms and high-quality research tools paired with cash management capabilities and old-fashioned customer service."
|
| //05-19-2009 |
E*TRADE FINANCIAL Corporation (NASDAQ: ETFC) announced the appointment of Karl A. Roessner to the position of Executive Vice President and General Counsel, effective immediately, reporting to Donald H. Layton, Chairman and CEO. Mr. Roessner assumes responsibility for the oversight, guidance and direction of legal, regulatory and compliance matters. He will also act as Corporate Secretary to the Company's Board of Directors.
"Mr. Roessner joins the management team of E*TRADE FINANCIAL with an invaluable depth of experience in legal matters related to balance sheet management, including capital raising initiatives," said Mr. Layton.
|
| //05-18-2009 |
Online investment firm brings personal customer service and support closer to investors
|
| //05-18-2009 |
Continues Schwab’s Tradition of Making Market Information More Accessible, Helping Traders Make Better Decisions in Times of Market Volatility
|
| //05-18-2009 |
SAN FRANCISCO--(BUSINESS WIRE)--The Charles Schwab Corporation released its Monthly Market Activity Report today. Company highlights for the month of April 2009 include:
Net new assets brought to the company by new and existing clients in April 2009 totaled $3.3 billion, reflecting client cash disbursements during tax season.
Total client assets were $1.166 trillion as of month-end April, down 19% from April 2008 and up 6% from March 2009.
Client daily average trades were 365.5 thousand in April 2009, up 24% from April 2008 and down 8% from March 2009
|
| //05-15-2009 |
-- E*TRADE FINANCIAL Corporation (NASDAQ: ETFC) released its Monthly Activity Report for April. The Company ended the month with record total accounts of 4.5 million, which included record brokerage accounts of 2.7 million. This included gross new brokerage accounts of 56,000 and net new brokerage accounts of 32,550. Total Daily Average Revenue Trades ("DARTs") increased 7.2 percent sequentially and 34.5 percent from the prior year to 230,345.
Asset flows continued to be positive, as the Company realized $300 million in net new customer assets during April, marking the seventh consecutive month of positive inflows. Total customer cash and deposits (including brokerage related cash) increased slightly during the month, while total customer assets were up 10.3 percent. Customers were net buyers of approximately $300 million in securities in April
|
| //05-15-2009 |
|
| //05-15-2009 |
Eight companies lost their investment-grade ratings in April and were subsequently added to the “fallen angels” list of downgraded issuers, according to Standard & Poor’s.
That brings the number of downgraded companies this year to 41, with a combined debt of $136 billion, S&P analysts led by Diane Vazza in New York wrote in a report today. So-called fallen angels are companies that have been lowered to speculative grade -- BB+ or lower -- from investment grade.
April’s downgrades follow March’s record 17, which was the highest level since the Asian financial crisis of the 1990s, S&P said.
|
| //05-14-2009 |
LONDON (Reuters) - Oil fell below $57 a barrel on Thursday after the International Energy Agency (IEA) said global oil consumption will fall this year at the fastest rate since 1981.
The Paris-based IEA, adviser to 28 industrialized nations, said the rise in oil prices to a six-month high above $60 this week was due to sentiment rather than supply and demand fundamentals, with consumption set to fall by 2.56 million barrels per day (bpd) in 2009.
|
| //05-14-2009 |
Morgan Stanley announced that Gary G. Lynch has been named Vice Chairman of Morgan Stanley. Mr. Lynch will relocate to London where he will remain in his current position as Chief Legal Officer and continue to work as part of the Firm's senior management on issues of policy and strategy. He will also join the boards of Morgan Stanley's subsidiaries throughout the region and take on an expanded management role within Europe, the Middle East and Africa (EMEA). Additionally, Mr. Lynch will focus on Morgan Stanley's key clients in the region.
|
| //05-14-2009 |
As independent investment advisors address increasing demands from clients and continue to strive for greater operational efficiency, Charles Schwab has released a new report, Getting the Most out of your CRM Investment. The report outlines best practices for planning, selecting and implementing customer relationship management (CRM) systems, and offers tips for getting the most out of these tools and successfully navigating the implementation process. It finds that while most independent investment advisors use some type of client tracking system, many could do more to realize the full business benefits of these systems to increase their productivity and profitability.
|
| //05-14-2009 |
SAN FRANCISCO--(BUSINESS WIRE)--The Charles Schwab Corporation is kicking off its sixth annual companywide Schwab Employee Volunteer event today, but unlike previous years in which volunteering during regular business hours was confined to just one day in May, this year’s event will span a full week. More than 2,000 Schwab employees and executives nationwide have signed up to participate in a total of approximately 120 projects from today through Friday, May 15, contributing an aggregate of over 9,000 work hours for the benefit of some 110 nonprofit and municipal organizations.
|
| //05-12-2009 |
Morgan Stanley (NYSE: MS) announced that it has priced a public offering of 146 million shares of common stock to the public at $24.00 per share for total gross proceeds of approximately $3.5 billion. The underwriters will have a 30-day option to purchase up to an additional 21.9 million shares of common stock from Morgan Stanley.
Additionally, Morgan Stanley today priced a public offering of $4 billion in aggregate principal amount of senior notes. The notes will not be guaranteed by the FDIC.
|
| //05-12-2009 |
Online investment firm brings personal customer service and support closer to investors
|
| //05-12-2009 |
Available through the Merrill Lynch Bank Deposit Program
|
| //05-11-2009 |
Firm Intends to Repay TARP Investment and Has More Than Sufficient Tier 1 Capital to Do So With Regulatory Approval; Firm Has Among Strongest Capital Positions in the Industry and Has Further Enhanced Capital Position Since December 2008 Test Date Used by Federal Reserve
|
