Tag:
Market Turmoil
Latest Headlines
Latest Headlines
Morgan Stanley's future in prime brokerage
What are Morgan Stanley's intentions in the prime brokerage model? Well, fairly or not, the perception has developed as of late that it was seeking a new business model that relied less on leverage and anything seen as risky. Many assumed it wanted to ratchet back in prime brokerage, after having
Are banking executives really going to suffer?
The New York Times offers an article noting that $500,000, the new pay cap for top executives of TARP banks, isn't much. By one estimate, it takes $123,322 to live the same middle-class life in NYC as someone earning $50,000 in Houston. So the new cap is essentially like asking a Houston resid
Fed vs. Treasury: No contest
Both the Federal Reserve Board and the Treasury Department have been tested with an unprecedented crisis. While Treasury has taken its lumps from a variety of critics, the Fed has fared much better. A Fortune commentary notes, "The Fed, on balance, has shown forcefulness, imagination and stead
