PRINCETON, N.J., Jan. 23, 2011 /PRNewswire/
Lou Kerner, a social-media analyst at Wedbush Securities Inc., talks about the $1.5 billion in financing raised by Facebook Inc., owner of the world's most popular social-networking site.
Sir John Vickers is Chair of the UK's Independent Commission on Banking, and he made a speech about the Commission’s work last week at London Business School.
Lazard has announced that Lord Mandelson, former Secretary of State for Business, Enterprise and Regulatory Reform, will serve as a Senior Adviser to the firm, effective immediately.
Here's a copy of Morgan Stanley CEO James Gorman's memo to employees which announced a rejig in the senior ranks:
The New York Times DealBook column reports that Kamal Ahmed, a Managing Director at Morgan Stanley, has been placed on leave while the firm investigates allegations that he leaked information about a pending M&A deal involving Advanced Micro Devices in May 2006.
higher than for 2009.
JPMorgan Chase pulled in $17.4bn in profits in 2010, the best year for earnings in the bank's history. And senior executives look likely to do OK for the work they put in last year.
The New York Times reports that, according to a 'person familiar' with the matter, Morgan Stanley CEO James Gorman is unlikely to bag more than $15m in compensation for his work in 2010.
Citi CEO Vikram Pandit reorganised his top troops last week, promoting John Havens ato COO. But some commentators are concerned that this latest reorg still leaves no clues as to who Pandit is grooming to succeed him (Havens is thought likely to step down when Pandit eventually does so).
The SEC suspended trading in four microcap companies touting development of Ebola-related treatments or services.
A weak housing market weighed on the US economy, while the fear of Ebola put some brief pressure on the stock markets, according to the newly released minutes of the last Federal Reserve meeting in October.
Deutsche Bank’s Asia-Pacific revenue may expand 10% or more over the next three to five years, said Gunit Chadha, co-chief executive officer for the region.