1, Morgan Stanley was founded by Henry in 1935. JPMorgan Chase's grandson Morgan and Harold Stanley who left Morgan Bank to engage in investment banking. Morgan Stanley was originally the investment banking division of JPMorgan Chase. Since 1933, when the US Congress passed the glass-steagall act to prohibit companies from providing commercial and investment banking services at the same time, 1935, Morgan Stanley was established as an investment bank in new york, and Morgan became a pure commercial bank.
2. Morgan Stanley is a world-renowned comprehensive financial services company, and its business scope includes investment banking, securities, wealth management, asset management and retail banking. Morgan Stanley focuses on investment banking and asset management, and is one of the largest investment banks in the world, with a broad customer base and global business network.