US Financial Crisis: Morgan Stanley as a Universal Bank
Code : ECC0027
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Region : US |
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Introduction: In mid-2008, the financial crisis unravelled and there were doubts on the survival ofmany companies, including the ones that were perceived to be too big to fail. The bigwigs of the US financial industry Lehman Brothers, Goldman Sachs, Merrill Lynch, Bear Stearns and Morgan Stanley (MS) were all awaiting their fate. While Lehman Brothers collapsed, Bear Stearns and Merrill Lynch were sold, Goldman Sachs and MS decided to convert themselves into bank holding companies... |
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