Word: morganize
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Dates: during 2000-2009
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...obvious answer is yes. Banks are failing - 13 have gone under so far this year - and they're going to continue failing. One hedge-fund star said the markets are now pricing the chance of a default in the next five years by Morgan Stanley or Citigroup at 45% and 21%, respectively...
From the CEO of JP Morgan to Microsoft founder Bill Gates to the finance minister of India, Harvard Business School will be welcoming over 1,600 alums and distinguished guests to celebrate its centennial this Sunday. The HBS Global Business Summit, which will take place over three days, is the “capstone event” of the yearlong celebration of the school’s founding in 1908, according to senior associate dean John A. Quelch. Alums will have the opportunity to choose from over 50 panels on topics ranging from social enterprise to agribusiness, attend keynote addresses...
...times of tumult, it is only human to look for answers, and on Thursday there were plenty of story lines to account for the pain. Financial companies, the bêtes noires of the global economy, were at it again, led by Morgan Stanley, off 22% after speculation about the status of planned investment. Or perhaps the trigger was General Motors, down 31% in the wake of being put on watch for a possible credit-rating downgrade, signaling that the broader economy is on much shakier ground than everyone thought. Or could it even have been the much vilified short...
...funded regeneration program aimed at cutting crime and unemployment, and improving the decaying public housing stock. But these days, coexisting with the urban blight, are plenty of new, well-heeled residents in new, well-appointed residences: bankers and others who work at Canary Wharf, the docklands development where Barclays, Morgan Stanley, Credit Suisse and many others have their offices. Greenwich is just a short hop from the wharf, thanks to the Docklands Light Railway, which linked up parts of once dilapidated east London in the '90s. Liam Bailey, head of residential research at realtor Knight Frank, says the gentrification started...
...thing that has him spooked is the price of credit-default swaps for major U.S. banks - a derivative that provides insurance against the possibility that they might default on their debt, dooming them to bankruptcy. According to data provided by Bloomberg using a model devised by JP Morgan, the price of this insurance currently implies that the odds of banking giant Morgan Stanley defaulting in the next five years are 45%. For Citigroup, another financial linchpin, they're 21%. "This is astonishing," says Weiss. "If Citigroup fails, it could be disastrous...