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On January 13, 2009, Morgan Stanley and Citigroup announced the merger of Smith Barney with Morgan Stanley's Global Wealth Management Group, with Morgan Stanley paying $2.7 billion cash upfront to Citigroup for a 51% stake in the joint venture. The joint venture operates as Morgan Stanley Smith Barney. [14]
Morgan Stanley [4] is an American multinational investment bank and financial services company headquartered at 1585 Broadway in Midtown Manhattan, New York City.With offices in 41 countries and more than 90,000 employees, the firm's clients include corporations, governments, institutions, and individuals. [2]
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He was named president of Morgan Stanley in June 1993. Mack served as president, chief operating officer and a director of Morgan Stanley Dean Witter & Co. from May 1997 when the firm was created by the merger of Morgan Stanley and Dean Witter, two of the world's leading financial services companies. [8]
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Morgan Stanley will be the first U.S. bank to offer bitcoin to its wealthier clients, according to CNBC, amid an increased institutional interest in Bitcoin and the crypto's meteoric ascent of ...
A whopping 24% of Morgan Stanley international wealth-management accounts were labeled by the company as being high risk for money laundering, according to a 2023 document summarizing more than ...