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Morgan Stanley Q1 Earnings Release

Morgan Stanley reported income of $1.8bn Wednesday, or $1.03 per diluted share, from continuing operations applicable to Morgan Stanley for the first quarter ended March 31, 2010, compared with a loss of $17m, or $0.41 per diluted share, for the same period a year ago.

Credit Suisse Execs Said To 'Slum It' In Rock Star Comfort

The Wall Street Journal's 'Heard on the Street' column reports that senior Credit Suisse bankers, grounded by the ash which has stopped air traffic over much of Europe, are being forced to travel 15 hours in a coach if they need to make the journey from London to Zurich (or vice versa).