Morgan Stanley Logo – Morgan Stanley is a non financial U.S. which operates as an investment bank and broker, headquartered in New York. The company was founded in New York on September 5 of 1935 by Henry S. Morgan and Harold Stanley as a result of the change in U.S. law to avoid situations that led to the collapse of the markets during the crisis of 1929. He joined the NYSE in 1941.
Quickly captured a large market share in the sector. Expanded its services with a division in charge of mergers and acquisitions in 1971. In the 80’s opened offices abroad: Sydney, Melbourne, Hong Kong, Frankfurt, Milan and Luxembourg. In the 90 spread across Singapore, Taipei, Seoul, Shanghai, Beijing, Bombay, Paris, Genoa, Madrid, Moscow, Johannesburg, Mexico City and São Paulo.
In January 2008 the Spanish bank La Caixa purchase of the business of private banking at Morgan Stanley in Spain for an amount of around 600 million euros. In 2006 maintained a network of 600 offices in 28 countries, 57,000 employees, a capital of 56,000 million and annual net income in 2005 of 1,500 million dollars. The Spanish division has about 400 employees in 29 branches and its president is Luis Isasi.
The subprime credit crisis and overall global financial economy in 2008, Morgan Stanley was on the verge of bankruptcy due to high risk operations, so the Federal Reserve of the United States informed the entity that would restrict your commercial banking activity, abandoning their investment bank status. In the first quarter of 2009 had revenues of $ 3,040 million, a net loss of $ 190 million, or 57 cents per share, during the first quarter, compared with profit of U.S. $ 1,430 million, or $ 1.26 per share, the same period last year.