Morgan Stanley races into retail banking — White shoe investment firm Morgan Stanley is racing into banking for Ordinary Joes two months after converting into a bank holding company. The bank is expected to buy several small or middle-sized regional banks to cross-sell typical banking services plus investments [Source: The Wall Street Journal] Service, trust eroding — A CFO.com...
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The financial industry meltdown has been the worst since the great depression. BNET Financial provides daily industry trends and news coverage with insights for managers and executives about the major financial services companies in the banking and finance sector. In addition to detailed company profiles, we bring you industry analysis on new mergers, partnerships, financial products, rates, investments, capital, and a host of other critical factors of success in the finance business.