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This is not, however, an endorsement of the opposite trend: wearing normal clothing to costume parties. If you can go to a Goldman interview in the same outfit you wear to a costume party, then you should know that you are a buzzkill and nobody likes...

Author: By Charleton A. Lamb, CRIMSON STAFF WRITER | Title: Costumes in the Closet | 9/23/2009 | See Source »

...could tell you a story about the kid who did dress up for Heaven and Hell and then went to a Goldman interview in the same outfit. He doesn’t work at Goldman, but it’s a really funny story though...

Author: By Charleton A. Lamb, CRIMSON STAFF WRITER | Title: Costumes in the Closet | 9/23/2009 | See Source »

Morgan, on the other hand, estimated the most it could lose on its daily trading desk on any given day was $114 million, or less than half of what Goldman could lose. And Morgan is in the process of eliminating nearly all of the trading it does for its own account, which means how much it risks in the market each day should continue to drop...

Author: /time Magazine | Title: How the Financial Crisis Reshaped Morgan Stanley | 9/22/2009 | See Source »

Still, it's clear that Morgan has taken a different road out of the financial crisis than its closest rival, Goldman Sachs. In the past year, Goldman has dramatically ramped up its trading desk. That move has led to big profits in the past year but the firm has also opened itself up to bigger losses should its traders get things wrong. Based on its trading activity now, Goldman says it could lose as much as $250 million in a day should its bets go wrong, up 30% from a year ago. What's more, even though Goldman has become...

Author: /time Magazine | Title: How the Financial Crisis Reshaped Morgan Stanley | 9/22/2009 | See Source »

...Morgan, unlike Goldman, seems to be really interested in building up its deposit base. Last year, the firm hired former Wachovia executive Cece Sutton to run its retail-banking division. Last month, Morgan said it would soon be adding more employees in Charlotte and New York to help expand its banking operations. Already the bank has nearly tripled its customers' deposits to just over $100 billion...

Author: /time Magazine | Title: How the Financial Crisis Reshaped Morgan Stanley | 9/22/2009 | See Source »

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