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How much did Morgan Stanley pay for Smith Barney?
Sale to Morgan Stanley On January 13, 2009, Morgan Stanley and Citigroup announced the merger of Smith Barney with Morgan Stanley’s Global Wealth Management Group, with Morgan Stanley paying $2.7 billion cash upfront to Citigroup for a 51% stake in the joint venture.
Does Morgan Stanley pay their interns?
Average Morgan Stanley Intern hourly pay in California is approximately $17.33, which is 27% above the national average.
What did Smith Barney become?
Morgan Stanley (NYSE: MS) today announced that its U.S. wealth management business, Morgan Stanley Smith Barney, has been renamed Morgan Stanley Wealth Management (MSWM).
Is working at Morgan Stanley prestigious?
But that’s not the only reason to work for Morgan Stanley. In 2016, on Vault.com, Morgan Stanley ranked #2 out of the most prestigious banking firms and #3 under the Vault Banking 50. In fact, Morgan Stanley ranks highly in almost every area. “Very prestigious firm with great clients.”
Is Smith Barney part of Citigroup?
Smith Barney is a division of Citigroup Global Markets Inc.
When did Smith Barney go out of business?
The Saloman Smith Barney name was now housed by Citigroup. In 2003, the name was ultimately abandoned after a number of financial scandals was destroying the bank’s reputation.
How much do Goldman Sachs interns make?
At firms like Goldman and Citi, interns can earn a salary of $85,000 in base annual comp, which is prorated over the course of their 10-week internship.
How hard is it to get a Morgan Stanley internship?
Morgan Stanley Internships Are VERY Hard To Get That’s a 1.1% acceptance rate. Based on those numbers, it’s harder to score a summer internship at Morgan Stanley than to get into an Ivy League. Last year, Goldman Sachs’ COO Gary Cohn said they had 17,000 applicants for 350 summer analyst positions.
How good is Nomura?
The company offers good learning and development opportunities. It has a great salary and bonus benefits. One of the Best HR policies. Management is supportive and helpful.
Why did Citi sell Smith Barney?
The deal, which the companies say will close in the third quarter, offers Citi “significant synergies and scale, substantially reduces our expenses and enables us to retain a significant stake” in a growth business, Pandit said in a statement. …