Word: morganize
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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...
...Bavaria’s legions of inebriated revelers, Harvard Square was filled more with young families. Indeed, the Square’s streets were lined with booths hosted by the likes of Amnesty International. “They actually recruited me here last year,” said Helen Morgan, a volunteer with Amnesty’s local chapter.A giant hot air balloon floated above Cambridge Common, offering rides to people who donated to charities such as the Cambridge Housing Assistance Fund and Our Place Child Care Program.“This is exactly what Cambridge has to offer...
...What China will likely not do is buy direct stakes in troubled banks, says economist Arthur Kroeber of Beijing-based Dragonomics consultants. "They have been burned already and will be very cautious," Kroeber says, referring to previous multibillion-dollar investments in companies like Blackstone and Morgan Stanley that have plunged in value. On Oct. 6, Ping An, one of China's largest insurance companies, announced it was forced to take a $2.3 billion write-off on an investment it made in the ailing Dutch-Belgian financial giant Fortis...
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...
...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...