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Morgan Stanley CEO Gorman Says Tone of Markets Has Improved

Global markets are improving and would be steadied if the Greek debt crisis is resolved, according to Morgan Stanley (MS) Chief Executive Officer James Gorman.

“The tone is a little better,” Gorman, 53, said today in a Bloomberg Television interview from Davos, Switzerland, where he’s attending the World Economic Forum’s annual meeting. A deal to settle Greece’s dispute with creditors is “very close to the finish line,” he said.

Gorman presided over the only increase in trading revenue among the five largest Wall Street banks in 2011, excluding accounting gains, and the stock jumped 20 percent this year through yesterday. New York-based Morgan Stanley owns the world’s largest brokerage.

To contact the reporter on this story: Michael J. Moore in New York at

To contact the editors responsible for this story: David Scheer at; Rick Green at

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