Morgan Stanley CEO James Gorman spoke with FOX Business Network’s (FBN) Maria Bartiromo about Morgan Stanley’s fixed-income business.
The investigation into alleged manipulation of the foreign exchange market now takes in most of the world's biggest banks, regulators in three continents, potentially hundreds of traders - and now the U.K's central bank.
Therese Esperdy, a 17-year JPMorgan veteran, suffered what she called 'initial shock' in her first few weeks in Asia after three people told her some clients don’t want to pay merger-advisory fees.
If there's any industry in need of a facelift, it's banking. The image of financial fat cats riding the high times and pleading bail-outs in the low is proving tough to shake off. Could that change if the City's pinstripe brigade demonstrate wider benefits to society, not just fatter wallets for themselves?
The average bankers' bonus globally was 29% higher than a year ago, with those in the City of London higher than in other parts of the world, according to a survey by a leading careers website.
Harley Bassman, a Managing Director at Credit Suisse’s securities arm who calls himself 'The Convexity Maven', said he is leaving the bank.
Several U.S. institutional investors said they are closely monitoring the developments at Pimco, the bond firm, in the wake of Mohamed El-Erian's abrupt resignation as CEO and ensuing acrimony between him and co-founder Bill Gross.
Not bad for blowing the whistle.
'It's about risk. Risk, efficiency and productivity'.
'For the past week he never said anything'.
The accountancy regulator is facing renewed pressure to open an investigation into the auditors of HBOS in the runup to its near-collapse in 2008.
Royal Bank of Scotland has become embroiled in another scandal after admitting that it was wrong to deny sitting on almost quarter of a million pounds of customer money.
Stock market investors are bracing for panic selling in New York and London before what is expected to be the first rate rise by the US Federal Reserve since 2006.