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Citi and Morgan Stanley issuing additional shares to pay its employees

March 19, 2009 - 10:25am | Banks and internet banks | News
Citi and Morgan Stanley issuing additional shares to pay its employees

The Wall Street Journal says Citigroup Inc and Morgan Stanley are going to make announcements of their plans on authorization or repurposing of their shares in the next few weeks. The plans are projected to be aimed at insuring availability of enough stock for employee compensation, while the shares’ prices of the companies are decreasing.
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Citi | compensation | equities | Morgan Stanley | raising capital | share | Stock
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