| Home » Morgan Stanley » Bank|
Morgan Stanley Bank
|Morgan Stanley and Goldman Sachs, the only two major unregulated investment banks in the US become traditional bank holding companies in 2008. With the US Federal Reserve’s approval of their application to become bank holding companies, the tradition of ascendancy of securities firms comes to an end which ultimately led Lehman Brothers Holdings Inc. into bankruptcy that led to the rushed sale of Merrill Lynch & Co. to Bank of America Corp. The application of Morgan Stanley to become a bank was approved by the US Federal Reserve Board of Governors and the company has since than elected to be deemed a financial holding company under the Bank Holding Company Act. The Morgan Stanley’s industrial bank in Utah was converted into a national bank and become subject to the regulation of the Federal Reserve.
The Firm has a remarkable presence in the Swiss market with offices in Zurich and Geneva. It operate as a finance company when it was founded in 1973 and since then the company had significantly expanded its operations which led to the acquisition of the Swiss Bank status in 1990 and had changed its name to Bank Morgan Stanley AG. Today, the bank offers full product range and services of Private Wealth Management through Bank Morgan Stanley AG. Morgan Stanley Bank, National Association which is headquartered at Salt Lake City, UT providing wide range of products and services has a total asset of $65, 746,000,000 and $55,184, 000,000 total deposits as of June 2010. Since the Firm’s bank is operating under national banking charter, the bank started its initiatives in expanding the retail banking services to its clients. Morgan Stanley Bank, N.A. a subsidiary had raised $3 billion in CD. The bank has more than 3 million retail accounts and had $36 billion in deposits as of 2008.
Morgan Stanley Bank Deposit Program
|The deposits in the Morgan Stanley’s banks are provided FDIC insurance upto the maximum extent permitted. Morgan Stanley Smith Barney bank also offers unlimited access of FDIC Insurance on cash held through its Deposit Programs. Under the FDIC’s Transaction Account Guarantee Program (TAGP), Morgan Stanley allows that any funds that are held through the bank Deposit Program are eligible for unlimited FDIC insurance. The program is available for all Morgan Stanley Smith Barney’s depositors who have $2 million or more in their account. Morgan Stanley Smith Barney Private Bank is also offering deposit products to clients who hold more than $1.6 trillion of assets in the brokerage. Through Global Wealth Management Group network offices, Morgan Stanley offers an array of personal banking services with online banking services such as online bill payment, check, and ATM access at more than one million locations worldwide.
Morgan Stanley Bank Locations
Morgan Stanley bank has a significant presence worldwide providing broad range of products and services. It has its significant operations in Switzerland, UK, China, and Tokyo etc. The Morgan Stanley Bank International Limited Company is having its office in the Cabot Square Street, Canary Wharf, London. The firm’s bank in China has changed its name to Morgan Stanley Bank International China Limited which is in Zhuhai, Guangdong Province, People’s Republic of China. One can see below some of the banking locations of Morgan Stanley both in the US as well as international locations.
Morgan Stanley Red Bank NJ
20 Linden Place
Red Bank, NJ 07701-1910
Morgan Stanley Smith Barney
55 Broad Street
Red Bank, NJ 07701-1902
Morgan Stanley Bank International Limited
Company Number 3722571
25 Cabot Square, Canary Wharf
London E14 4QA England
Tel: (44 20) 7425-8000
Fax: (44 20) 7425-8990
Bank Morgan Stanley AG
CH-1021 Zurich, Switzerland
Tel: +41 44 220 9111
Fax: +41 44 220 9800
Morgan Stanley Bank International China Limited
28/F and G2 (ground floor unit),
No. 188 Jingshan Road, Jida
Zhuhai, Guangdong Province 519015
People's Republic of China
Tel: +86 756 321 2188
Fax: +86 756 321 2168
Morgan Stanley Trust Bank N.A. operating as a bank and subsidiary of the firm provides trust services to a diverse client. Morgan Stanley besides providing retail banking it also provides a variety of investment and commercial banking services. The firm offers competitive cd rates, mortgage and loan programs. Individuals will also find Morgan Stanley bank offering dynamic careers and job opportunities with range of growth and development opportunities. For details of Morgan Stanley Bank like rating, products and services, careers and jobs, and information like Mitsubishi and Chase Bank please visit the official website of the company. One will also find the street map and locations of various firm’s operating centers.