Banking

Morgan Stanley

Charlie Cray — Mon, 03 Nov 2008 18:02:57 -0500

Company Snapshot:

On September 21, 2008 Morgan Stanley announced that the Federal Reserve had granted it bank holding status, giving it more flexibility to maneuver during the financial crisis gripping the economy. The status also means that it is subject to increased regulatory oversight under the Bank Holding Act.

Atlas Group

minhaaj — Mon, 05 May 2008 05:55:05 -0400

Company Snapshot:

The Atlas Group established Atlas Investment Bank in 1990 as a joint venture between Atlas Group and the Bank of Tokyo-Mitsubishi, Japan. With an associated company, Atlas Lease Limited formed in 1989 as a joint venture between the Atlas Group, the Bank of Tokyo-Mitsubishi, Japan and the National Investment Trust, Pakistan was merged into the Bank in February, 2002. After the merger, the shares of the joint venture partners were taken over by the Group. The head office of the Bank is situated in Karachi with branch offices in Lahore, Islamabad and Faisalabad.

Nomura Holdings

Ian Elwood — Fri, 21 Dec 2007 02:51:01 -0500

Company Snapshot:

Nomura Holdings is the parent company of Nomura Securities, Japan's leading investment bank and brokerage house. The company provides a variety of financial services, including equity and bond underwriting, research, private equity investment management, and mergers and acquisitions (M&A) advisory services. The company's biggest business segment is the Japanese domestic retail market -- where it provides consulting and brokerage services.

Washington Mutual

Ian Elwood — Fri, 21 Dec 2007 00:51:45 -0500

Company Snapshot:

Washington Mutual (WaMu) failed in 2008 and was acquired by JPMorgan Chase for $1.9 billion.

Until then WaMu was the largest thrift in the US, offering consumer and commercial banking services through 2,260 branches on the West Coast as well as New York and Connecticut. WaMu's mortgage business became its achilles heel. Although the bank exited the mortgage business after the housing bubble popped in 2007, it was already too late.

Prudential plc

Bodhi Harnish — Thu, 20 Dec 2007 13:20:06 -0500

Company Snapshot:

Prudential plc is an international retail financial services group. Its products include retail products, which include annuities, corporate pensions, with-profits and unit-linked bonds, savings and investments, protection, equity release and health insurance, and wholesale products, which include bulk annuities and annuity back-books. The Company’s primary segments are long-term business, banking, and broker-dealer and fund management. In May 2007, the Company completed the sale of Egg Banking plc (Egg) to Citigroup Inc.

Goldman Sachs Group

Ian Elwood — Thu, 13 Dec 2007 20:14:20 -0500

Company Snapshot:

As two NYTimes reporters recently put it, "Goldman is the firm that other Wall Street firms love to hate. It houses some of the world’s biggest private equity and hedge funds. Its investment bankers are the smartest. Its traders, the best. They make the most money on Wall Street, earning the firm the nickname Goldmine Sachs.

Merrill Lynch

Charlie Cray — Sat, 17 Nov 2007 06:32:11 -0500

Company Snapshot:

Merrill Lynch is one of the world's largest stock brokerage houses, with offices in 38 countries and territories and total client assets of approximately $1.8 trillion. The company's 2006 revenues were $ 34.6 billion.

The company's logo is the famous bull. The company offers diverse financial services.

Of the major investment banks, Merrill is the most active in serving as a brokerage for individual investors.