Reuters UK (Free subscription) | 4 hours ago
BANGALORE (Reuters) - Citigroup Inc , the largest U.S. bank by assets, will likely take a further $7 billion in collateralized-debt obligations writedowns this year and raise $11 billion in capital, said analysts at Morgan Stanley, even as they removed their 20 percent dividend cut forecast for the bank.
PR News Wire (Free subscription) | 2 hours ago
NEWARK, N.J., July 24 /PRNewswire-FirstCall/ -- PSEG Global today announced that it has closed the sale of the SAESA Group of Companies (SAESA Group) in southern Chile to a consortium formed by Morgan Stanley Infrastructure and the Ontario Teachers' Pension Plan. The transaction had a final equity sale value of approximately $887 million plus the assumption of more than $400 million of consolidated...
Business Wire (Free subscription) | 2 hours ago
TORONTO & NEW YORK--(BUSINESS WIRE)--The Ontario Teachers’ Pension Plan (Teachers’) and Morgan Stanley Infrastructure (MSI) have
Market Watch (Free subscription) | 7 hours ago
BOSTON (MarketWatch) -- Morgan Stanley analysts in a report Thursday said short interest in banking stocks reached a historic peak of 11.2% as of the end of the second quarter. Investors who short-sell company shares profit when their prices decline. "This is the second highest sector short position ever experienced since data collection began in 1994," wrote the Morgan Stanley analysts, who upgraded...
Market Watch (Free subscription) | 7 hours ago
BOSTON (MarketWatch) -- Morgan Stanley analysts on Thursday lifted their outlook on large- and mid-cap bank stocks to in-line from cautious. The analysts in a research note cited higher earnings per share on improving net interest margins and less issuance, fiscal stimulus from the government and lender patience with strapped borrowers. Among large-cap banks, Morgan Stanley lifted its rating on Citigroup...
Market Watch (Free subscription) | 11 hours ago
LONDON (MarketWatch) -- Morgan Stanley upgraded its view on the European banking sector to in-line from cautious Thursday, citing valuation and modest improvements in the results of U.S. peers. "Whilst our strategic view about the outlook for banking earnings and book value growth remains bearish, and we recognise the range of possible outcomes is particularly wide, as a trading call we see good opportunities...
The Independent (Free subscription) | yesterday
Morgan Stanley's decision to take a short position in HBOS, whose £4bn rights issue it had underwritten, was cleared by City regulators yesterday.
The Independent (Free subscription) | yesterday
An outstanding trade, or just too clever by half? Morgan Stanley made a small killing when it shorted 2.25 per cent of HBOS last Friday. What's raised eyebrows is that it was also one of two lead underwriters to the HBOS rights issue that had closed that very morning. It therefore knew it would be able to close out its short positions at a substantial profit with the shares it was about to be left...
Banking Times: Daily Banking News (Free subscription) | 13 hours ago
HBOS saw its share price rise by more than 12% yesterday, on rumours that BBVA, Spain’s second largest bank, is contemplating a bid. Earlier this week, HBOS suffered the indignity of gaining the support of only 8.29% of shareholders for its £4 billion fundraising. Underwriters Morgan Stanley and Dresdner Kleinwort were left with around £3.5 billion worth [...]
DealBreaker (Free subscription) | 22/07/2008
Do you feel that? The sound of nothing going on today? Here's something (that's 48 hours away from being) exciting (if you are a Morgan Stanley analyst on the summer cycle): Thursday is the big day. And for the rest of you: you get nothing! Just kidding. Your safe-ish for work news is after the jump.
AdvancedTrading (Free subscription) | 22/07/2008
Morgan Stanley Electronic Trading Executes First Direct Market Access Trade in India
24/7 Wall St. (Free subscription) | 3 hours ago
Citigroup (C) may be looking at another $7 billion in write-offs and will probably have to raise $11 billion in new capital. If Morgan Stanley's analysis about... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
EE Times (Free subscription) | yesterday
G24 Innovations Ltd. (Cardiff, Wales), a pioneer of dye-sensitized thin-film solar cells, has raised a further $30 million, through an investment by the renewable and alternative energy fund, 4RAE. This follows on from a $20 million investment by Morgan Stanley Principal Investments in June.
The Street (Free subscription) | yesterday
Morgan Stanley's recent upgrade on the country is just one more reason to stake a claim.
DealBook (Free subscription) | 22/07/2008
Has HBOS ruined it for the rest of them? After a rights issue by Britain’s largest mortgage lender flopped Monday, industry watchers were predicting that the tepid response would wind up making it more difficult and costly for other banks to raise capital just when they need it most. Morgan Stanley and Dresdner Kleinwort, the underwriters [...]
