Morgan Stanley posted a profit of $968m in the first-quarter, after trading revenues almost tripled from the fourth-quarter, although earnings fell 45% compared to Q1 2010. The firm also took a bath from its 40% ownership in Mitsubishi UFJ Morgan Stanley, which lost $1.54bn in its last quarter due to trading losses.
Hey, you're never going to keep everyone happy, but Citi CEO Vikram Pandit had an easier time of it at the firm's AGM last week'.
The Telegraph reports that new Glencore chairman Simon Murray has been widely criticized for the 'sexist remarks' he made in a recent interview with the newspaper's sister Sunday Telegraph publication.
The Financial Times reports that HSBC looks set for a 'radical shake-up' which will result in 'slashing costs and reallocating capital in an effort to boost profitability and also resuscitate its flagging US operation'.
Bloomberg reports that Mitsubishi UFJ Morgan Stanley Co. President Fumiyuki Akikusa is expected to resign following the revelation that the joint 6,900-person joint investment banking venture made a loss of $1.7bn for the year ended 31st March.
Forbes has compiled its latest Global 2000 list by screening Interactive Data, Thomson Reuters Fundamentals and Worldscope databases via FactSet Research Systems for companies that were publicly trading as of March 11, 2011.
Source - Thomson Reuters via The New York Times.
John Alfred Paulson is the founder and president of Paulson & Co., a New York-based hedge fund.
The UK government's Committee of Public Accounts has published a report which, on the basis of evidence from HM Treasury, examines the progress on repaying taxpayer support and maintenance of financial stability.
Still looking for that "perfect" Easter gift? Look no further ...
Hedge fund investors like Goldman Sachs, SkyBridge and GAM predict the best hedge fund strategies for the new year.
Brad Katsuyama, the hero of 2014's market-shaking best-seller "Flash Boys," has softened his tone a bit when it comes to high-frequency trading.
Are markets too sanguine about contagion from Greece?