Such touches aside, the new Morgan Stanley—bold, rich, swaggering—h...
Citations (1)
- The House of Morgan - An American Banking Dynasty and the whole source · open book
Such touches aside, the new Morgan Stanley—bold, rich, swaggering—had little in common with the mandarin firm that started life in September 1935 in a flower-banked room at 2 Wall Street. Instead of underwriting, Morgan Stanley now stressed takeovers and merchant banking. After the crash, it de-emphasized securities distribution and edged out dozens of managing directors, largely from the sales and trading side.
chapter: 36. Skyscraper