BEIJING/HONG KONG (Reuters) – Morgan Stanley (MS.N: Quote, Profile, Research, Stock Buzz) chief executive James Gorman wasn’t going to miss his chance.

It didn’t matter that he was on holiday. Gorman dropped everything and flew to Beijing last April. He wanted to show up in person to make sure his firm got a piece of what was shaping up to be the biggest initial public offering in history.

BEIJING/HONG KONG, Oct 26 (Reuters) – Morgan Stanley (MS.N: Quote, Profile, Research, Stock Buzz)
chief executive James Gorman wasn’t going to miss his chance.

It didn’t matter that he was on holiday. Gorman dropped
everything and flew to Beijing last April. He wanted to show up
in person to make sure his firm got a piece of what was shaping
up to be the biggest initial public offering in history.

NEW YORK (Reuters) – Kohlberg Kravis & Roberts is hiring part of Goldman Sachs Group Inc’s (GS.N: Quote, Profile, Research, Stock Buzz) proprietary trading team, which is being shut down due to new restrictions on such trading.

KKR (KKR.N: Quote, Profile, Research, Stock Buzz) is hiring about nine Goldman traders, led by Bob Howard, who heads Principal Strategies for Goldman’s U.S. business. The team will be part of KKR’s asset management unit, which manages $13 billion, and will join early in 2011.

NEW YORK (Reuters) – Morgan Stanley (MS.N: Quote, Profile, Research) reported a surprising third-quarter loss, suggesting the bank is losing hard-won ground in the battle with Goldman Sachs (GS.N: Quote, Profile, Research) for Wall Street supremacy.

The firm’s $91 million (57 million pound) loss, on weak volumes during one of the most difficult trading quarters in recent memory, came a day after Goldman overcame those same conditions to beat Street estimates with a $1.9 billion profit.

NEW YORK (Reuters) – Morgan Stanley (MS.N: Quote, Profile, Research, Stock Buzz) reported a surprising third-quarter loss on Wednesday as weak volumes battered its trading businesses.

On a per-share basis, income from continuing operations was 5 cents, well below analysts’ average forecast of 15 cents, according to Thomson Reuters I/B/E/S.

NEW YORK, Oct 20 (Reuters) – Morgan Stanley (MS.N: Quote, Profile, Research, Stock Buzz) reported
a surprising third-quarter loss on Wednesday as weak volumes
battered its trading businesses.

On a per-share basis, income from continuing operations was
5 cents, well below analysts’ average forecast of 15 cents,
according to Thomson Reuters I/B/E/S.

NEW YORK (Reuters) – Goldman Sachs generated more than one-fifth of its third-quarter earnings from private equity and real estate investments, a mostly overlooked fact as investors focused on the bank’s trading profit.

Private equity investments have long helped banks generate big profits, but in the future banks won’t be able to rely on them: a new law severely curtails the ability of banks to invest their own money in areas like leveraged buyouts.

NEW YORK (Reuters) – Goldman Sachs (GS.N: Quote, Profile, Research, Stock Buzz) generated more than one-fifth of its third-quarter earnings from private equity and real estate investments, a mostly overlooked fact as investors focused on the bank’s trading profit.

Private equity investments have long helped banks generate big profits, but in the future banks won’t be able to rely on them: a new law severely curtails the ability of banks to invest their own money in areas like leveraged buyouts.

NEW YORK (Reuters) – Wall Street’s third-quarter trading drought may have had more bark than bite.

Goldman Sachs Group Inc (GS.N: Quote, Profile, Research, Stock Buzz) reported that net trading revenues fell by more than a third in the quarter, but the firm’s profits still beat analysts’ estimates.

WASHINGTON/NEW YORK (Reuters) – A growing crisis over shoddy foreclosure documents deepened on Thursday as investors dumped stock in some of the biggest U.S. banks on fears their profits could be hit.

At risk is not just the health of the banks but also the fragile housing market and the broader economy, which is still struggling to emerge from the worst recession since the 1930s, analysts warn.