Morgan Stanley drops Smith Barney name from brokerage
Morgan Stanley dropped the Smith Barney name from its brokerage joint venture, changing the brand to Morgan Stanley Wealth Management after buying an additional piece of the unit from Citigroup Inc.
Morgan Stanley Smith Barney, the worldâ??s largest brokerage, cut about 200 jobs as the joint venture moves closer to full integration, according to a person with knowledge of the reductions.