Does anyone have a Latest Research Report on Indian Hotel industry On Tue, Sep 23, 2008 at 12:13 PM, ekam ber <[EMAIL PROTECTED]> wrote:
> Morgan Stanley - Update on recent developments > > Good Morning, > > > > I am writing to update you on two significant announcements that Morgan > Stanley has made on September 22, 2008. First, the U.S. Federal Reserve has > approved our application to become a Federal Bank Holding Company. As a > result, Morgan Stanley will become the fifth largest Bank Holding Company > with almost $1 trillion in assets and will be regulated by the Federal > Reserve. Second, we have entered into a letter of intent for a global > strategic alliance with Mitsubishi UFJ Financial Group, Japan's largest > banking group and the world's second largest commercial bank with more than > $1.1 trillion in deposits. > > > > Morgan Stanley has taken these important steps to provide the Firm with > maximum flexibility and stability to pursue new business opportunities as > the financial marketplace undergoes rapid and profound changes. > > > > Morgan Stanley has been aggressive this year in maintaining strong capital > and liquidity positions. In our third-quarter earnings, we reported average > total and parent liquidity of $175 billion and $81 billion, respectively. In > terms of financial results, in the third quarter, we achieved net revenues > of $8 billion, earnings per share (EPS) of $1.32, and return on equity (ROE) > of 16.5%. That marks our third consecutive quarter of solid profitability > and positive book value growth. We delivered these strong returns despite > very challenging markets over the past few months. > > > > Our asset management business continued to see strong growth, with net > inflows of US $ 1.6 billion during the last quarter, our eighth consecutive > quarter of positive flows. Current assets under management or supervision as > at August 31, 2008 stood at US $ 570 billion. > > > > We are strongly committed to building out our mutual fund business in > India, and remain on course to increase our product offerings for retail and > institutional clients, and forge strong partnerships with key constituents > in the marketplace through various initiatives. > > > > For e.g. over the last quarter, we have taken significant steps to improve > the level and breadth of investment related communication to our key > distributors and clients, which we believe is appropriate in the current > market environment. > > > > Thank you for your continued support during this extraordinary period. We > look forward to working with you to navigate these difficult markets and to > continue to serve your needs. > > > > If you have any questions about these developments, please do not hesitate > to give me a call. > > > > Sincerely yours, > > > > Anthony > > > > Anthony Heredia, Executive Director > *Morgan Stanley | Investment Management > *4/F Forbes Building | Charanjit Rai Marg > Mumbai (Ex Bombay), 400 001 > > > > > > --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Kences1" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/kences1?hl=en -~----------~----~----~----~------~----~------~--~---
