Don't screw up!
Morgan Stanley is one of the world's largest diversified financial services companies, with a reputation for excellence in advice and execution on a global scale.
Morgan Stanley named Samuel Kim vice chairman of Asia-Pacific investment banking and promoted two senior bankers to run the mergers business as it competes with Goldman Sachs to be the region’s top M&A adviser.
Now for some cheery news from the banking sector.
Morgan Stanley has promoted Andy Kearns and Drew Guevara to co-heads of technology banking, replacing Paul Chamberlain, who’s retiring after 26 years with the firm.
A further restructure of fixed-income, commodity and currency business said needed.
Rosneft, Russia's biggest crude oil producer, may back out of a deal to buy Morgan Stanley's oil trading unit because Western sanctions make it virtually impossible to finance day-to-day operations, three sources close to the state-controlled company said.
Morgan Stanley will swallow some losses incurred by customers who bought mutual funds after the bank failed to make the fund prospectuses accessible online.
Morgan Stanley was fined $280,000 for ignoring 'numerous red flags' in opening an account tied to a multimillion-dollar Ponzi scheme, a U.S. regulator said.
Morgan Stanley has agreed to pay $95m to resolve a lawsuit accusing the Wall Street bank of misleading investors in mortgage-backed securities in the run up to the 2008 financial crisis.
Morgan Stanley, the best-performing stock among the largest Wall Street banks since the end of 2012, will rise at a slower pace over the next year as the current price anticipates the firm reaching its profitability goal, said David Konrad, a Macquarie Group analyst.
Sad to report.
Dealbreaker reports that, a couple of weeks back, a New York-based second year Credit Suisse technology analyst is said to have returned to the office (apparently over the weekend) rather the worse for wear, and trashed a colleague's work space (see pic to the right, which was seemingly taken by a member of the firm's HR Department for the employee's file).
Goldman Sachs, which cut the portion of revenue set aside for pay the past two years, will increase 2015 salaries for junior employees in the U.S. by about 20%, according to a person briefed on the decision.
Don't screw up!
We've been assessing top firms on 6 key criteria in order to establish what kind of prospects they (and the staff they employ) have in the foreseeable future.
Bank of America posted its fourth-quarter profits Tuesday, which came in up 47% at $5.26bn. Profits over at the corporate and investment banking unit rose 23% to $1.57bn in the period.
Barrick Gold has appointed former Goldman Sachs Vice Chairman J. Michael Evans as a director, joining his former colleague John Thornton on the board of the world’s largest miner of the precious metal.
All the details aren't out yet, but here's what we have so far on Wall Street executive pay for 2011.
A former executive at global financial services firm Morgan Stanley has been jailed for embezzling almost $650,000 to fund a lavish lifestyle.