Morgan Stanley Kept Money Funds Liquid With $23 Billion Purchase of Assets Morgan Stanley clients withdrew almost one-third of their cash from money-market accounts last month, forcing the firm to buy $23 billion of securities held by the funds to keep them afloat.

Capital One, SunTrust Are Among 19 Banks Getting $35 Billion From Treasury At least 19 regional U.S. banks, including SunTrust Banks Inc. and Capital One Financial Corp., accepted $35 billion in government cash as the Treasury rolled out the second half of its $250 billion package to shore up lenders and thaw frozen credit markets.

Baron Buys, Grantham Sees `Once in A Lifetime’ Opportunity After Selloff Investors Ron Baron, Jeremy Grantham and BlackRock Inc.’s Robert Doll said the global selloff that has wiped out more than $30 trillion from stock markets has created buying opportunities.

FBI Probe of JPMorgan Fees Focuses on Swaps That Roiled Taxpayer’s Debt Joseph Ambrosini says the deal looked so easy. JPMorgan Chase & Co. bankers told him there was really no risk. All he had to do was sign a public financing contract, and the bank would give $280,000 to his school district in New Castle, Pennsylvania.

G-7 Fails to Halt Yen Gains After Saying Currency Appreciation `Excessive’ The Group of Seven industrial nations failed to halt the yen’s advance to near a 13-year high against the dollar after expressing concern about the currency’s “excessive volatility.”

Broken Securities Industry Still Has $20 Billion Available to Pay Bonuses Five straight quarters of losses and a 70 percent slide in its stock this year haven’t stopped Merrill Lynch & Co. from allocating about $6.7 billion to pay bonuses.

Asia Money Rates Rise as Governments Struggle to Thaw Frozen Credit Market Asian money-market rates rose amid speculation the global credit crisis is worsening even after governments and central banks pledged to spend trillions of dollars worldwide to revive lending.

Evil Wall Street Exports Boomed With `Fools’ Born to Buy Securitized Debt Tom Bosh lowered the telephone receiver into its cradle, making a decision on the way down. “We’re not buying any more,” he told his traders at Bank of New York Co. “Nothing.”

`Panic’ Trading in U.S. Stock Futures Overstates Declines, Rattles Europe U.S. stock-index futures are becoming less reliable as predictors of market moves.

Bernanke May Nudge Rates Toward Zero as Economy Faces `Big-Time’ Erosion Less than three weeks after the Federal Reserve’s emergency interest-rate reduction was, in the words of its vice chairman, “overwhelmed” by the collapse of financial markets, Ben S. Bernanke is about to try again.

Advertisements