Smith Barney news from FierceFinance
News
Citi, Morgan close brokerage deal
The Morgan Stanley Smith Barney joint venture launched a month ahead of schedule. As you know, it combines Citi's Smith Barney business in the U.S. and Australia, Citi's Quilter in the U.K. and... Read more...
A new workplace worry for banks?
If there's one thing that that traders love to do, it's gamble. Heck, most will tell you they do it for a living. Is Rep. Barney Frank about to do them a favor, or a disservice? He introduced a bill... Read more...
Morgan Stanley: No imminent retail bank deal
Morgan Stanley CEO John Mack says that is not likely to ink a retail bank deal anytime soon. He said the bank's hands are full with the Smith Barney deal, which has yet to close. But after that, who... Read more...
Bonus spotlight turns to Morgan Stanley
At least one congressman would like to prevent Morgan Stanley from paying retention bonuses to brokers who work for the new asset management joint venture between Morgan Stanley and Smith Barney,... Read more...
More on broker bonuses at top firms
The anger over executive bonuses at top Wall Street firms may not apply to broker bonuses. I think we have to allow banks to conduct business as usual to some degree. If a broker generates millions... Read more...
How hot is wealth management?
Investment banking isn't going to be seen as growth business for a while, which has made good, old-fashioned wealth management look all the more promising. Bank of America certainly has hopes for the... Read more...
Should top banks sell assets?
Citi seems to be in sell-good-assets mode, though its unclear what beyond Smith Barney is on the block. Is this a good idea for other banks, notably Bank of America? Analyst Meredith Whitney seems to... Read more...
John Mack inventing the future?
We can say this much about John Mack: He survived. That's a lot more than you can say for his one-time CEO competitors, the likes of Richard Fuld, of Lehman Brothers, and John Thain, of Merrill... Read more...
In praise of the Smith Barney deal
The headlines regarding the Citi-Morgan Stanley deal for Smith Barney have centered understandably on the looming "break-up" of Citi and the longevity of Vikram Pandit as CEO. Lost in the ink: The... Read more...
What's on deck at Citi?
For better or worse, Citi is paring down to its core--retail and corporate banking. Now that Smith Barney seems to be out of the way, you have to wonder what it will sell next and to whom. The... Read more...
