{"id":8770,"date":"2008-10-03T00:00:00","date_gmt":"2008-10-03T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"morgan-stanley-may-scale-back-prime-brokerage-ops-ny-post","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/10\/2008\/morgan-stanley-may-scale-back-prime-brokerage-ops-ny-post.html","title":{"rendered":"Morgan Stanley may scale back prime-brokerage ops-NY Post"},"content":{"rendered":"<p>Trading Markets &#8211; Morgan Stanley is looking at scaling back its prime-brokerage operation, selling assets or buying a faltering regional bank, the New York Post said citing sources.   <\/p>\n<p>The firm may also try to work out a way to piggyback on to the $1.3 trillion deposit base of Japan&#8217;s Mitsubishi UFJ Financial Group, the paper said citing people familiar with the matter. <\/p>\n<p>Mitsubishi UFJ took a 21 percent stake in Morgan Stanley for $9 billion earlier this week. <\/p>\n<p>The firm is also eyeing trimming its balance sheet and exiting, or scaling back, from businesses that don&#8217;t provide high returns, like prime-brokerage, trading of corporate bonds and high-yield debt, the paper added. <\/p>\n<p>  <strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.tradingmarkets.com\/.site\/news\/Stock%2520News\/1918796\/\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Trading Markets &#8211; Morgan Stanley is looking at scaling back its prime-brokerage operation, selling assets or buying a faltering regional bank, the New York Post said citing sources. The firm may also try to work out a way to piggyback [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[859,1753,646,2138,1302,276,2478,97,129,1209,343,358],"class_list":["post-8770","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-aftermath","tag-aladdin","tag-arthur-sulzberger","tag-bank-owned-life-insurance","tag-collapse","tag-fourth-quarter","tag-kansas-city-market","tag-lengthy-prison-terms","tag-losses","tag-quality-tax","tag-spokeswoman","tag-value-investors"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8770","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=8770"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8770\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=8770"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=8770"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=8770"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}