MUMBAI: Two former bosses of multinational banks, Vikram Pandit of Citi and John Mack of Morgan Stanley, are among a few high net-worth individuals co-investing with Indian private equity fund GTI Capital, to purchase stake in Indian companies.
Showing posts with label Morgan Stanley. Show all posts
Showing posts with label Morgan Stanley. Show all posts
January 29, 2013
July 22, 2011
Morgan Stanley has seen its second quarter revenues rise by 17%, beating market expectations.
Morgan Stanley has seen its second quarter revenues rise by 17%, beating market expectations.
The US bank's net revenues totalled $9.3bn (£5.7bn) in the three months to 30 June, up from $8bn a year earlier.
Morgan made a net loss of $558m, or 38 cents per share, during the quarter. However, the loss was caused by a one-off $1.7bn charge, without which Morgan would have made a profit of 64 cents.
The charge was caused by an investor converting its Morgan shares.
The US bank's net revenues totalled $9.3bn (£5.7bn) in the three months to 30 June, up from $8bn a year earlier.
Morgan made a net loss of $558m, or 38 cents per share, during the quarter. However, the loss was caused by a one-off $1.7bn charge, without which Morgan would have made a profit of 64 cents.
The charge was caused by an investor converting its Morgan shares.
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