So They've Got That Going for Them...Which Is Nice

For all the problems it's been having in the last several months, Morgan Stanley can hang its hat on this good news: It is now the largest securities firm in the country. According to yearly reports, Morgan surpassed previous first-place holder, Merrill Lynch, with $110.9 billion in total capital (equity capital plus long-term debt). Goldman Sachs finished second with $105.8 billion. Merrill, which

For all the problems it's been having in the last several months, Morgan Stanley can hang its hat on this good news: It is now the largest securities firm in the country.

According to yearly reports, Morgan surpassed previous first-place holder, Merrill Lynch, with $110.9 billion in total capital (equity capital plus long-term debt). Goldman Sachs finished second with $105.8 billion.

Merrill, which had boasted the most capital for the last 17 years consecutively, now sits in third place, with $102.6 billion.

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