View all newsletters
Have the short, sharp Spear's newsletter delivered to your inbox each week
  1. Wealth
December 18, 2008

Morgan Stanley tops Goldman’s fourth quarter loss

By Spear's

Morgan Stanley has announced a fourth quarter loss of $2.19 billion, almost double what analysts had expected.

Morgan Stanley has announced a fourth quarter loss of $2.19 billion, almost double what analysts had expected. Overall for the year, it booked a net profit of $1.7 billion, down 49 percent on 2008.
 

The figures came a day after rival Goldman Sachs also reported a $2.12 billion quarterly loss, its first since the investment bank went public in 1999.
 

Morgan Stanley has cut salaries across its business by around 26 percent, paying its employees $12.3 billion in compensation and benefits, compared with $16.6 billion a year ago.
 

For further details visit thewealthnet

Content from our partners
How the Thuso Group’s invaluable experience and expertise shaped the Spear’s Schools Index 2024
AP Executive: Your Trusted Global Partner in Wealth Management Recruitment
A League of Their Own

Select and enter your email address The short, sharp email newsletter from Spear’s
  • Business owner/co-owner
  • CEO
  • COO
  • CFO
  • CTO
  • Chairperson
  • Non-Exec Director
  • Other C-Suite
  • Managing Director
  • President/Partner
  • Senior Executive/SVP or Corporate VP or equivalent
  • Director or equivalent
  • Group or Senior Manager
  • Head of Department/Function
  • Manager
  • Non-manager
  • Retired
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications.
Thank you

Thanks for subscribing.

Websites in our network