Morgan Stanley Wealth Management

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  4 Indian-Origin Persons Among US' Top Wealth Advisors: Forbes

  Four Indian-origin persons have been named among America's top wealth advisors by Forbes on a list of 200 members who collectively manage USD 675 billion.

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  4 Indian-Origin Persons Among US' Top Wealth Advisors: Forbes

  Four Indian-origin persons have been named among America's top wealth advisors by Forbes on a list of 200 members who collectively manage $675 billion.

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  HSBC Says to Shut Down India Private Banking Business

  HSBC Holdings Plc is shutting its private banking unit in India, marking the exit of another foreign bank from the cut-throat wealth management business in Asia's third-largest economy.

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  Foreign Private Banks to Boost India Headcount

  While more than half a dozen foreign private banks operate in India and employ about 300 wealth managers, they are saddled with higher operating costs and struggle with a limited branch network compared with their local rivals.

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  Morgan Stanley Fires Employee for Stealing Rich Clients Data

  Morgan Stanley said on Monday it had fired a financial adviser who allegedly stole account information from about 350,000 of its wealth management clients and posted some of it online.

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  For Goldman Sachs and Morgan Stanley, boring is beautiful

  In 2009, John Mack, then chief executive of Morgan Stanley, agreed to buy Citigroup's Smith Barney retail brokerage business over time, a deal that closed in the middle of 2013. With that purchase, about half of Morgan Stanley's annual revenue comes from wealth and investment management, which tends to fluctuate less than trading revenue.

• Investors shun emerging-market shares as profit squeeze lingers

  An unrelenting squeeze on company profits is turning investors away from emerging equity markets, which look set to underperform their richer peers for a fourth straight year.

• Morgan Stanley profit beats Street as equity trading surges

  Morgan Stanley reshaped itself after nearly failing during the financial crisis, focusing more on businesses that offer relatively stable earnings, like wealth management, and dialing down risk-taking in fixed income, where it suffered big losses.

• Morgan Stanley to sell India wealth management unit to StanChart

  Morgan Stanley launched the sale of its Indian private wealth management unit in November 2012, after entering the highly fragmented and competitive market about four years earlier.

• Morgan Stanley posts quarterly profit at $958 million as wealth management grows

  Morgan Stanley reported a stronger-than-expected first-quarter profit of $958 million, compared with a year-earlier loss of $119 million, as its wealth management business grew.

• Credit Suisse buys Morgan Stanley's European private bank

  "The acquisition will add scale to the bank's core growth markets in EMEA including the UK, Italy, Nordics, Russia and the Middle East," Credit Suisse said in a statement.

• As Washington frets, markets take US spending cuts in stride

  Broad spending cuts designed to hit most US government programs with all the subtlety of a sledgehammer were set to begin taking effect on Friday, yet investors have so far barely batted an eyelash.

• StanChart in talks to buy Morgan Stanley India wealth unit

  Standard Chartered is in talks to buy Morgan Stanley's Indian private wealth management unit, which manages about $1 billion including loans, two sources with direct knowledge of the situation said on Wednesday.

• Morgan Stanley posts profit on surging equity trading

  Morgan Stanley reported a fourth-quarter profit on a surge in equity sales and trading and strong margins at its wealth management business, sending its shares up 7 per cent before the bell.

• Morgan Stanley selling its Indian private bank: sources

  The review is part of the bank's efforts to withdraw from subscale wealth management operations globally, one of the sources said.