NEW YORK (Reuters) - A former stock loan trader at Morgan Stanley and Bank of America Corp in New York received well over $100,000 of cash kickbacks by steering orders to other brokerage firms, the U.S. Securities and Exchange Commission said in ...
(Reuters) - Gary Shedlin, who was most recently chairman of Citigroup's <C.N> investment banking effort for financial institutions, focusing on client relationships, is departing to join Morgan Stanley <MS.N>, Bloomberg said citing a person with knowledge of the matter. Shedlin notified Citigroup ...
NEW YORK (Reuters) - U.S. corporate borrowers amassed the most cash relative to debt on record through the fourth quarter and will likely preserve cash levels this year, supporting corporate bonds, Morgan Stanley said on Friday. Cash amounted to just under 30 ...
NEW YORK (Reuters) - Shares of General Growth Properties <GGP.N> rose on Friday, their first day back on the New York Stock Exchange, even as the U.S. mall owner operates under bankruptcy protection. Shares of the real estate investment trust were up ...
US banking giant Morgan Stanley has reached a deal to sell its 34.3 percent stake in investment bank China International Capital Corp., a report said Thursday, citing CICC's chairman. The sale of Morgan Stanley's entire stake in CICC is still pending regulatory ...
Morgan Stanley has reached a deal to sell its entire 34.3 percent stake in China International Capital Corp., subject to regulatory approval, Dow Jones Newswires has reported. "Our board has approved the buyers of the stake held by Morgan Stanley," CICC chairman ...
US banking giant Morgan Stanley has reached a deal to sell its 34.3 percent stake in investment bank China International Capital Corp., a report said Thursday, citing CICC's chairman. The sale of Morgan Stanley's entire stake in CICC is still pending regulatory ...
Credit default swaps not like any other insurance products When Wall Street planned and executed the U.S. housing-bubble (and all its related scams), it destroyed the lives of tens of millions of Americans. Then when it subsequently crashed global markets, it inflicted ...
WASHINGTON (Reuters) - The Federal Reserve expects the largest U.S. banks to make progress this year in overhauling their pay practices, while acknowledging that more dramatic changes may take longer to implement, a Fed official said on Thursday. Wall Street pay has ...
NEW YORK (Reuters) - When Matt Prendergast was laid off in 2008 after Bear Stearns collapsed, he expected to find a new job right away. With more than 20 years' experience as an investment banker, he thought he was sitting pretty. A ...
