Morgan Stanley (MS) CEO James Gorman tells CNBC (video) his company is well-equipped to meet...

|By:, SA News Editor

Morgan Stanley (MS) CEO James Gorman tells CNBC (video) his company is well-equipped to meet Basel III capital requirements, and has no need to raise additional funds in the near-term. Gorman also reiterates Morgan Stanley's commitment to buying a 14% stake in Morgan Stanley Smith Barney from Citigroup (C), stating the purchase takes priority over dividends and buybacks.