NEW YORK (
) -- Some of the biggest financial players in the U.S., including
, were losers at mid-day Wednesday, while the stock price of several large European financial institutions rose at the end of the London business day.
Morgan Stanley was the biggest loser, down 2.5% at mid-day, possibly on news reports that potential buyers of the 31% stake in China International Capital that Morgan Stanley is selling are low-balling the Wall Street firm in offers. Morgan is pulling out of the investment so it can focus on the creation of a new bank with China Fortune Securities.
were both down approximately 1% at mid-day, a general dip that was also experienced by
Bank of America
Allied Irish Banks
were all up at mid-day in New York.
Among the overseas players, it was Ireland's day.
The Bank of Ireland
was up more than 3% in the European afternoon. Allied Irish was up 1.7%.
Allied Irish's CEO Eugene Sheehy told a conference on Wednesday afternoon that the bank had adequate funds to meet customer demand even after an expected transfer of funds to a new national financial risk pool. Sheehy also denied reports that the bank would be pulling out of its profitable business in Poland.
On the whole, it looks like a mixed day for financials, with the sector gaining 0.4% at mid-day.
-- Reported by Eric Rosenbaum in New York
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