Wednesday, September 1, 2010

Morgan Stanley News?

Morgan Stanley has hired 100 bankers to offer loans and deposit products to brokerage clients. The unit will be run by former Wachovia Corporation Executive and may quintuple its ranks by the end of 2011. This is a direct attempt to form a "private bank" (as opposed to a retail bank) that is based in Charlotte and New York.
This is a continuing expansion of the financial services sector of our Charlotte economy.

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