For fundsters with eyes glued to the wirehouse channel, an item today in the Wall Street Journal could be worth a look.

Citing anonymous sources, the pub reports that Morgan Stanley CEO James Gorman told investors at a private meeting last Friday that Morgan Stanley is not obliged to follow the quickest possible timeframe for buying the rest of MSSB.

This was not the first time that Gorman made such comments, according to the report.

Morgan Stanley owns 51 percent of MSSB, with Citi owning the remainder.  

Edited by: Armie Margaret Lee


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE