by Patrick M. Kelly | Jan 20, 2012 | Compensation, Wall Street
FinancialAdvisor online magazine reported January 17, that Morgan Stanley, owner of the world’s biggest brokerage, is capping cash bonuses at $125,000 as the firm curtails pay and defers more compensation for senior executives. Members of the company’s operating...
by Patrick M. Kelly | Jan 12, 2012 | Job Market, Wall Street
Industry analysts continue to debate over who will acquire Regions Financial’s brokerage firm, Morgan Keegan, but nobody is commenting or confirming anything. The haggle is obviously over price, but it looks doubtful it will be the $1 billion that Regions is looking...
by Patrick M. Kelly | Dec 19, 2011 | Financial Services Industry, Wall Street
Will Regions Financial Corp find a buyer for Morgan Keegan? That’s been a question in the industry for months, but recent speculation points to a very slim chance of it happening. What makes it more interesting is that it now appears that it may be Regions Financial...
by Patrick M. Kelly | Dec 5, 2011 | Wall Street, wirehouses
Who will lead the wirehouse industry in 2012? FundFire’s annual poll asked the question: “Which of the four major wirehouses is best positioned, in terms of its overall strength in the wealth management space?” Results pointed to Morgan Stanley Smith Barney with 43%...
by Patrick M. Kelly | Nov 30, 2011 | Financial Services Industry, Wall Street
While other banks are under pressure to cut their dividends, UBS surprised analysts and investors with their announcement that they would begin paying dividends again. (The last cash dividends were paid in 2006.) The announcement came at an investor event in New York...
by Patrick M. Kelly | Oct 25, 2011 | Wall Street
If the talk on the street is true that Morgan Stanley is the next takeover candidate, then will California-based Wells Fargo be a likely buyer? They acquired Wachovia, a small investment banking operation and have fared decently in the middle market and are the fourth...
