Financial Updates: Morgan Stanley (NYSE:MS), Bank of America Corp (NYSE:BAC)

Lakeway, TX -- (SBWIRE) -- 02/20/2013 -- vbtrendreport.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on the following stocks:-

Andres Esteban, a senior managing director of the investment- banking division, will take over from Joaquin Arenas, to lead Morgan Stanley(NYSE:MS)’s investment-banking operations in Spain.

Will MS Continue to Hit New highs? Get Free Trend Analysis Here Hugh Fraser, a London- based spokesman for Morgan Stanley confirmed the same.

Morgan Stanley banker Joaquin Arenas was hired by Bank of America Corp(NYSE:BAC) as its head of corporate and investment banking for Spain and Portugal.

After quitting Morgan Stanley Arenas will be based in Madrid and start to work in May.

Is BAC Ready To Move Back To New highs? Don’t Miss Out The Special Report Here

Bank of America executives including Alex Wilmot-Sitwell, president of European and emerging markets excluding Asia, said in a memo to employees.

He replaces Ricardo Paz, who will continue to run sales and trading in Iberia, Bank of America said.

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