Wall Street

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.

Countrywide Financial (Subsidiary of Bank of America)

Ian Elwood — Fri, 21 Dec 2007 01:21:54 -0500

Company Snapshot:

If there is a company that is the face of the recent subprime mortgage fiasco, it is Countrywide and its CEO Angelo Mozilo. On July 1, 2008 Bank of America announced that it completed a full takeover of Countrywide after receiving approval from the Federal Reserve's Board of Directors on June 5. On October 16, 2008, Countrywide announced it would delist its stock.

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.