Split up banks into commercial and investment bank entities.
The investment bank owed more than $600 billion to other parties.
Mitsubishi saved Morgan Stanley in 2008 at the height of the financial crisis by buying a $9 billion stake in the investment bank.
This from a man reportedly earning close to $1 million a year from an investment bank bailed out at taxpayer expense.
The investment bank was a major lender and investor in American real estate.
The investment bank pays Blair $3 million a year as a senior adviser.
In 1998, Weill merged his investment bank and insurance empire Travelers Group with the commercial banking powerhouse Citicorp.
The 158-year old investment bank, where I once traded distressed bonds, ceased to exist.
The FT reported then that the investment bank was preparing more pay and job cuts in early 2013 in its effort to reduce costs.
Since it is primarily an investment bank, a description of its principal operations will be deferred to the next chapter.