'Morgan Stanley could be next'
Investment bank Morgan Stanley could be the next target of the US financial crisis that has felled some of the biggest giants of Wall Street, says a 30-year veteran bond trader who lived through the October 1987 'Black Monday' stock market crash.
Morgan Stanley has begun new initiatives, including leveraging its 8,500 financial advisors, 500 retail offices, and new bank holding company structure, to build new bank deposits.