Bloomberg News reports that Yunho Song, who oversees Bank of America Corp.’s rates and currencies business in Europe, has stepped down from his role, said a person briefed on the matter.
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.
When Morgan Stanley’s share price fell to $20 in 2011, the bank’s CEO, James Gorman, and several of his top lieutenants tried to encourage investors by buying up stock with their own money.
Morgan Stanley’s fixed-income trading unit offers opportunities on its own merits and isn’t being propped up by more profitable businesses, Chief Financial Officer Ruth Porat said.
More than half of bankers and traders working at U.S. securities firms in London will receive a higher bonus for 2013 than a year earlier as they benefited from stronger American investment-banking results, according to compensation data provider Emolument.
Good news for some.
Morgan Stanley have announced that Erskine Bowles has been appointed Lead Director of Morgan Stanley’s Board of Directors, taking over from C. Robert Kidder effective February 1, 2014.
A former Morgan Stanley employee, burdened by gambling debts and fearing for his job, killed his wife 'in a fit of rage' last July, London police said after he was sentenced to life in prison Thursday.
Morgan Stanley Chairman and CEO James Gorman’s compensation package for last year includes a $5.06m stock bonus that’s almost double his 2012 equity award.
Morgan Stanley is reviewing its work policies related to junior bankers as rivals have pushed some employees to take weekend days off, CEO James Gorman said.
Morgan Stanley said it will drop its remaining claims in a lawsuit against Joseph 'Chip' Skowron after a federal judge ordered the former fund manager and convicted inside trader to repay $31m in compensation.
Morgan Stanley, once OAO Rosneft’s favorite investment bank, is seeking to regain its mergers and acquisitions lead in Moscow after losing its two best dealmakers to Russia’s largest oil company.
We all know that whereas M&A was once King, the torch has now passed to the trading boys. Well, Trader Monthly magazine recently published its second annual list of the world's most successful traders (for 2004). The magazine has estimated what each trader makes by speaking to hundreds of industry sources, and sometimes the traders themselves. Because it is difficult to get a precise number, an earnings range has been applied against each trader's name. Here are the guys at the Top of that list:
Here's the 10 largest European M&A deals of the last five years. Data provided by M&A intelligence and research service mergermarket.
We've called in the services of Ivana Takitall, author of the best-selling 'Bankers, Bonuses & Big Divorce Settlements', who has agreed to rate 12 top financial markets firms in terms of how likely they are to provide single females with their perfect partner.
The Martin Ward Anderson-sponsored Here Is The City 2007 'Bonus Satisfaction Poll' was launched earlier this week. Here are some of the comments we have received on the subject of bonuses:
Here's the latest on the 'Movers & Shakers' front.
The early part of every year - after bonuses have been paid out - is usually when firms start to really beef up their payrolls (provided the outlook for the economy justifies it).
International Financial Services London has just released a report on banking, and has some interesting snippets:
Three former employees of Morgan Stanley left OAO Rosneft after eight months at the firm as Russia’s largest oil company switched its bank’s strategy to focus on corporate and consumer banking.
Jefferies hires a managing director for its consumer investment-banking unit, according to a person with direct knowledge of the move.