Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Finance News: Morgan Stanley and Citigroup Shake Hands Over Smith Barney


Plus, Bank of England is hiring a new governor. It could be you.

This column highlights the most interesting and useful business and financial commentary on financials from around the Web.

Link: Morgan Stanley and Citigroup Reach Deal on Smith Barney
"Morgan Stanley (MS) and Citigroup (C) agreed on Tuesday to value their brokerage joint venture, Morgan Stanley Smith Barney, at $13.5 billion, allowing Morgan Stanley to buy full control of the business at a favorable valuation.

"That will set the price for which Morgan Stanley will buy an additional 14% stake in the business, raising its stake in the brokerage to 65%. It will buy a 15% stake from Citigroup by next June, with the goal of buying the entire operation by 2015."

Link: Have 'Good Economic Knowledge'? BoE Might Have a Job for You
"'Help wanted: Powerful central banker. Good pay, long hours, ornate office. Might get a knighthood.

"The British government is kicking off its search to replace Mervyn King as governor of the Bank of England when his term ends next July. One of the recruitment techniques: running a job advertisement in the next issue of the Economist magazine.

"Among the key traits of a successful candidate: 'an advanced understanding of financial markets,' according to the text of the ad released Tuesday by the British Treasury."

Link: 'Tarantula,' the UBS Tax Grass, Lands $104m
"The story of Bradley Birkenfeld, the man who blew the whistle on UBS's (UBS AG) tax dodging schemes to the Department of Justice in the US, is very odd.

"Freshly released from prison, Birkenfeld has now been rewarded with $104m by the Internal Revenue Service for his part in a case that saw UBS pay $780m in fines to the US authorities."
< Previous
No positions in stocks mentioned.
Featured Videos