Morgan Stanley Group Inc.: The New York...
From Times Staff and Wire Reports
Morgan Stanley Group Inc.: The New York investment banking giant reported that its fourth-quarter net income dropped 60% to $58.3 million, while revenue skidded 30% to $488.2 million. For the full year, net income slumped 38% to $270.4 million, while revenue declined 12% to $2.158 billion. The firm said 1990’s performance was affected by a difficult investment banking environment.
