Goldman Sachs Tops Global and US M&A Rankings; Morgan Stanley leads Europe
The news from Bloomberg that Goldman CEO Lloyd Blankfein is likely to bag $24.3m in firm stock next month, mainly from a 2007 deferred compensation package - and other senior execs will get $87m between them - will doubtless re-ignite the pay debate.
(at least in terms of market capitalization) Wells Fargo.
Morgan Stanley CEO James Gorman is said to have read the riot act to around 500 Managing Directors earlier this week, clearly angry that details of the firm's bonus plans have been leaked to the media.
The Financial Services Authority (FSA) has banned and fined Nabeel Naqui, the former Head of the Credit Products Group (CPG) Europe and Asia Pacific at Toronto Dominion Bank (Toronto Dominion), £750,000 for deliberately mismarking his trading positions and misleading fellow staff to conceal his losses over a period of two years.
Vikram Pandit became CEO over at Citigroup 3 years ago last week, while Brian Moynihan and James Gorman have been at the helm of Bank of America and Morgan Stanley respectively just short of a year.
Oh how we've all had a good laugh this week over that 44 page trial dress policy UBS has launched in 5 retail branches in Switzerland.
Financial Services Authority Chairman Lord Turner has now publicly released a letter he sent earlier this week to Andrew Tyrie, the chairman of the UK Treasury Select Committee, on the subject of the regulator's report into the meltdown over at The Royal Bank of Scotland.
Below is a statement issued Wednesday from Stephanie Morgan, the wife of Mark Madoff, who tragically committed suicide last weekend.
UBS is trialing a new dress code for employees (the trial is starting off in five retail branches in Switzerland). And already the 44-page document is the subject of much mirth.
Bill Gross and his family own more than half of the bond fund he runs on behalf of Janus Capital Group Inc., after acquiring their shares through brokerage accounts at Morgan Stanley and Charles Schwab Corp.
HSBC’s Swiss banking arm helped wealthy customers dodge taxes and conceal millions of dollars of assets, doling out bundles of untraceable cash and advising clients on how to circumvent domestic tax authorities, according to a huge cache of leaked secret bank account files.
Thomas Gilbert Jr. is accused of murdering the 70-year-old founder of Wainscott Capital Partners in a dispute over a cut on his monthly allowance.