Sep 22nd, 2008 · The Federal Reserve says the last two big, independent investment banks, Goldman Sachs and Morgan Stanley, are scrapping the business model that made them so profitable for so long. They are now bank holding companies and are regulated by the Fed.
Sep 22nd, 2008 · The Federal Reserve has granted a request by Wall Street's last two major investment banks — Goldman Sachs and Morgan Stanley — to change their status to bank holding companies. The change will allow them to create commercial banks that will be able to take deposits, bolstering the resources of both institutions.
Sep 18th, 2008 · Wall Street is keeping a close eye on the hour-by-hour fortunes of investment bank Morgan Stanley. The company has been considering a merger with Wachovia Bank, but HSBC Holdings and China's CITIC Group are showing interest as well. Meanwhile, Goldman Sachs, has seen its stock plummet, even after announcing better-than-expected earnings this week.
Sep 10th, 2008 · Known for his big, warm sound, Turrentine found inspiration in the blues and turned it into a hugely successful career in music. The saxophonist played and made frequent recordings across the entire spectrum of R&B and groove-heavy jazz.
Jul 17th, 2008 · Recently, the jazz-guitar virtuoso released his first studio recording in more than a decade. In a session on Jazz24, Jordan talks about his musical and personal evolution over the past 10 years, as well as his ongoing study of music's role in the healing process.
May 24th, 2008 · Hockey's Stanley Cup Finals get under way Saturday night. The Detroit Red Wings are hosting the Pittsburgh Penguins in what experts are calling a match-up made in "hockey heaven." Damien Cox, a columnist for the Toronto Star talks with Guy Raz about the series.
Dec 19th, 2007 · The U.S. investment bank Morgan Stanley on Wednesday reported an enormous write-down of mortgage-related assets and a $5 billion investment from China Investment Corp., which is owned by the Chinese government. That works out to a nearly 10 percent stake in the firm.
Nov 30th, 2007 · Morgan Stanley has ousted co-president Zoe Cruz, a 25-year veteran at the firm and one of the most powerful women in the financial world. The management shakeup is intended to turn around a company that, like other Wall Street giants, became mired in the credit crisis.