Morgan Stanley customer data transfer going smoothlyPosted by RJ and Makay on Mar 05, 2012 |
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During the Presidents’ Day holiday weekend two weeks ago, Morgan Stanley transitioned the first 10% of Smith Barney customer accounts from Citigroup information systems. 725,000 accounts were entered into a new system that will service the combined Morgan Stanley Smith Barney (MSSB) brokerage operation. The transition went smoothly and the accounts were operating well when business opened as usual on Tuesday following the holiday, the company said.
customer accounts
MF Global Holdings Ltd. announced Monday that it is seeking bankruptcy protection. The announcement comes one week after reporting its largest-ever quarterly loss. The second- quarter loss of $191.6 million resulted largely from bad bets on European sovereign debt. MF Global shares plunged 66% last week after Moody’s downgraded the firm’s own debt to junk status.








