And it might be down to the regulators.
Morgan Stanley has appointed 210 managing directors, the fewest to achieve the company’s highest rank since 2008.
Bloomberg reports that Citi CEO Vikram Pandit is to be one of six co-chairs at the World Economic Forum at Davos this week - the first from a US bank since Jamie Dimon (JPMorgan Chase) did the honours in 2008.
The Houlihan Lokey Foundation was established to enhance the firm's culture of charitable giving at all levels of the organization.
Here's a note of those bankers who'll be in Davos this week, and those who are staying away.
It's described 'as a risk transfer from the firm to employees'. And that it is, although the downside is capped.
And here's another firm cutting its way to profitability.
Quilter & Co, the specialist private client wealth management group, has been acquired by European private equity firm Bridgepoint from Morgan Stanley Smith Barney.
Bank of England chief economist Andrew Haldane has put himself on a collision course with Mark Carney, the Bank’s governor, by suggesting policymakers may be forced to slash interest rates to zero in the coming months to tackle the looming risk of deflation.
Investment banks are likely to shrink by another 10 to 15% in the next two years as they cut back their trading desks due to the impact of tougher regulations, a study said.
Anshu Jain, Deutsche Bank's co-chief executive officer, Tuesday made a pledge for remaining a global investment bank, saying that European companies will increasingly need these amid tighter bank rules.