Page 362 


Wall Street decathlon expands

Wall Street Bull

The Wall Street Decathlon, the annual two-day fitness competition that’s become a favourite of weekend warriors in New York’s financial community, is getting bigger.

People News: Morgan Stanley


Thomas Doster, the head of Morgan Stanley’s principal investment business, is preparing to start a money management firm that will purchase assets from the bank.

Citigroup to fall under ECB supervision

Citi Building Canary Wharf

Citigroup’s move to simplify the legal structure of its banking operations in Europe will probably place it under direct supervision by the continent’s central bank for the first time, said two people with knowledge of the matter.

Chinese bank punishes 137 staff

Cinese Flag

China’s biggest bank, Industrial & Commercial Bank of China, said it punished 137 staff for breaches of Communist Party discipline, such as accepting gifts or starting their own businesses, as a corruption crackdown sweeps through the nation’s finance industry.