Business ForumMorgan Stanley to spin off Discover at News Forum - Reuters - Morgan Stanley , the second-largest investment bank by market value, said on Tuesday it would spin off its ...
Reuters - Morgan Stanley , the second-largest investment bank by market value, said on Tuesday it would spin off its Discover credit-card division and posted better-than-expected quarterly results on strong banking and trading.
Intersting move on the part of morgan stanley. They are defintely going to continue to grow, and with changes like this, they will be the biggest investment bank in the world soon.