Morgan Stanley Loses Bragging Rights
Yesterday it was reported that Morgan Stanley would be "first in line" to pay back the money it received last fall from the U.S government as part of the good ol' TARP. Morgan Stanley won't be able to claim that honor, sadly. U.S. Bancorp and BB&T were the first banks to repay the government in full today. Morgan and Goldman Sachs are now claiming that they plan to settle the matter by the end of the day. Let's hurry it up, gentlemen. It's not like bureaucrats in Washington work investment banking hours, you know. [NYT/Dealbook]