Morgan Stanley CEO James Gorman spoke with FOX Business Network’s (FBN) Maria Bartiromo about Morgan Stanley’s fixed-income business.
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 and Goldman Sachs both decided last month that it was worth losing millions of dollars in fees to get credit on a big merger they didn’t work on, four people with knowledge of the matter said.
Jonathan Egol, a Goldman Sachs trader whose desk produced the security that prompted the Securities and Exchange Commission to sue the firm, has retired.
BNP Paribas co-heads of fixed income in the Americas, Kip Testwuide and Christian Mundigo, are being replaced by Bob Hawley, who now leads the business in the Asia-Pacific region.
A busy week.
James Gorman, the CEO of Morgan Stanley, gave away nearly $1m worth of stock he owned in the bank last week.
Goldman Sachs has appointed two heads of investment banking in Russia, according to an internal memo seen by Reuters.
Sad to report.
Rich pickings ?
Greg Fleming, who runs Morgan Stanley’s asset-management division, said the business will boost profitability in the next two years while increasing assets by about one-third.
Here's the 10 largest European M&A deals of the last five years. Data provided by M&A intelligence and research service mergermarket.
The 2006 CA-sponsored Here Is The City 'Best Chief Information Officer/Chief Technology Officer' poll is over. The votes are in, and have been counted. Here's the final league table:
Financial News reports that ABN Amro has been appointed as adviser to Spanish group Iberdrola as it bids $20.8bn for Scottish Power. The Dutch firm stepped in after Morgan Stanley stepped down. The Wall Street giant is conflicted as it acts as Scottish Power's corporate broker, and has been advising the company on defence strategy.
Morgan Stanley reported profit that beat analysts’ estimates as a surprise jump in fixed-income results helped the firm post the only increase in trading revenue among the six biggest U.S. firms this year.
Six leading financial services firms are preparing to compete in the annual Arch to Arc Enduro Challenge Triathlon, one of the world's most arduous relay races, contested across land and water between London and Paris.
Here's the latest on the 'Movers & Shakers' front.
Here's a note of the latest 'Movers & Shakers'
New York magazine has a great piece on former Morgan Stanley CEO John Mack.
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: