Word: grounde
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What a difference a financial crisis makes. Mack has spent much of the past year putting Morgan Stanley on safer ground. He has dramatically lowered borrowing and shut down the firm's proprietary trading desk. He changed Morgan from a Wall Street dealer to a bank holding company, and more than tripled the firm's deposit base, which is a safer source of capital. And in a major break from the bank's 70-year history he de-emphasized investment banking as the driver of Morgan Stanley's profits. In June, he completed the purchase of a majority stake...
...bank's traditional investment-banking operations seem to be shrinking. Overall, Morgan has lowered its payrolls by 8% in the past year, but its ranks of investment bankers have fallen by a slightly steeper 10%. And in underwriting, a key investment-banking business, Morgan has continued to lose ground. Through the first six months of this year, Morgan ranked as the sixth largest underwriter of stock and bond offerings, down from fourth two years...
...fair that tutors have pets,” said Galster. “It’s not ideal, but to be honest, they give you enough leeway to have my pet turtle. There’s not enforcement for small things, so there’s a middle ground.” Galster admits that his House tutor is well aware of Franklin’s presence...
...cylinders still firing, carrying over the previous frame’s momentum to jump out to an early lead. Junior Mikaelle Comrie accounted for a large chunk of Harvard’s offense throughout the night, leading the Crimson with 13 kills–most of which hit the ground before the Crusaders could react.Although Holy Cross spent much of the second frame in a deficit, the Crusaders crept up down the stretch and eventually forced a tie at 24-24. Harvard went up on the ensuing point, but Holy Cross utilized a 3-0 run to take...
...City meeting as yet another humiliation inflicted on him by Washington, which has had him pose for endless photographs with an array of Israeli leaders who have no intention of satisfying the basic demands of a peace agreement he could accept. In a bid to reclaim some of the ground he has consequently lost to the more radical Hamas organization, Abbas had refused to meet with the Israelis until they established their bona fides through a settlement freeze. By meeting with Netanyahu absent that halt to construction on occupied territory, the Palestinian Authority President risks further undermining his already diminished...