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JUL 18, 2014 - TheStreet

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Gorman's Morgan Stanley Is Catching Up to Wells Fargo -- You May Want In

NEW YORK (TheStreet) -- The environment for banking has changed. Although the Obama administration seems to wish for more frothy financial markets than exist today, that doesn't seem to be the world we are living in. (For more of my view on this, take a look at "Yellen's Dilemma," posted earlier this week.) James Gorman, the chairman and chief executive officer of Morgan Stanley , is betting that the financial markets will not return to the period of volatility and financial innovation that existed before the financial collapse that began in the fall of 2007. While other large banks ... Read More

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