And 2017 looks to have got off to a decent start.
And even then it will be paid out over 5 years.
Morgan Stanley was expected to post fourth quarter earnings of 65 cents a share on revenue of $8.47 billion.
Financial institutions in the Asia-Pacific region will be more inclined to hire technology specialists this year than investment bankers as they enhance product offerings and upgrade their systems, according to a survey by Options Group Inc.
UBS has a degree of flexibility if its UK outpost looks set to lose its ability to operate across the European Union once Britain leaves the bloc, Chief Executive Sergio Ermotti said at the World Economic Forum in Davos on Monday.
Finance executives say they are preparing for the worst on Brexit as Prime Minister Theresa May signaled she plans to pull the U.K. out of the European single market.
The CEO of the largest German lender has underlined the dramatic shifts that the banking industry faces over the next five years with technology due to play a "key" role in this period of change.
Morgan Stanley has received China securities regulator's approval to boost its stake in its Chinese securities venture to 49 percent, said a person with direct knowledge of the matter, making it the first foreign bank to get such a nod.
December 2016 offered a more promising employment climate than its 2015 counterpart, but thanks to a year marked by political upheaval and economic volatility, a record amount of City professionals put off job seeking until 2017.
Societe Generale has named Didier Valet as its third deputy chief executive officer, promoting its investment-banking head as the French bank prepares a new business plan.
7 golden rules.
The first wave of earnings reports has rolled in, and they are "good enough," with Bank of America , PNC and JPMorgan all beating on the bottom line, while Wells Fargo at 96 cents was a bit shy of the $1 consensus.
If Antonio Conte was shocked this week by Diego Costa’s reaction to a transfer offer from China, the manager enjoyed a pleasant surprise here thanks to Marcos Alonso.
Here's our best estimates of when 2016 bonuses are likely to be announced / paid.
Here's 11 examples of political correctness gone mad.
And there's a lot of truth in these.
BNY Mellon on Thursday named Jeff McCarthy to the newly created role of chief executive officer, exchange-traded funds.
Bernard Madoff, the imprisoned confidence trickster, has laid the blame for his ruinous Ponzi scheme at the feet of banks and wealthy investors he claims didn’t care whether his firm was legitimate or not in a series of never-before-heard recordings.
BlackRock, the world's largest asset management firm, reports mixed fourth-quarter results.
Canaccord Genuity has announced the expansion of its U.S. investment banking group with the addition of Duncan Dashiff as Managing Director and Head of Healthcare Services, which includes the firm’s Healthcare Information Technology (“HCIT”) practice in the U.S.
Two former currency traders from Deutsche Bank and HSBC were convicted of cheating the banks by making false trades.
HSBC will move staff responsible for generating around a fifth of its UK-based trading revenue to Paris following Britain's exit from the European Union, Chief Executive Stuart Gulliver said on Wednesday.