Morgan Stanley has hired a senior Barclays Plc executive, the New York Times reported, citing an internal memo from the U.S. bank. Morgan Stanley has hired Brad Whitman as a vice chairman in its financial institutions group, the report said on Tuesday. (r.reuters.com/gun39v)Whitman, who served as the head of mergers for financial institutions at Barclays, joins the recent drain of bankers from the British company as it moves to scale down its investment banking operation.He was involved in Capital One's $9 billion takeover of ING Direct USA and Barclays' $15.2 billion sale of its Barclays Global Investors unit to BlackRock Inc.
Barclays PLC (Barclays) is a global financial services provider engaged in retail banking, credit cards, wholesale banking, investment banking, wealth management and investment management services. Shares of BCS fell by 0.75% or $-0.13/share to $17.14. In the past year, the shares have traded as low as $15.32 and as high as $19.59. On average, 3027440 shares of BCS exchange hands on a given day and today's volume is recorded at 3057790.
BlackRock, Inc. (BlackRock) is an investment management firm. Shares of BLK fell by 0.53% or $-1.62/share to $302.96. In the past year, the shares have traded as low as $240.60 and as high as $326.00. On average, 697110 shares of BLK exchange hands on a given day and today's volume is recorded at 595034.
Financial Institutions, Inc. (FII) is a financial holding company. Shares of FISI fell by 0.67% or $-0.16/share to $23.61. In the past year, the shares have traded as low as $17.92 and as high as $26.59. On average, 45982 shares of FISI exchange hands on a given day and today's volume is recorded at 38191.
Morgan Stanley is a global financial services company that, through its subsidiaries and affiliates, provides its products and services to a range of clients and customers, including corporations, governments, financial institutions and individuals. Shares of MS remained unchanged at $30.33. In the past year, the shares have traded as low as $23.53 and as high as $33.52. On average, 12656300 shares of MS exchange hands on a given day and today's volume is recorded at 7960511.
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