The old rumour mill is working overtime again. Hot on the heels of the announcement late Thursday of the retirement of Morgan Stanley co-president Zoe Cruz, the most high-profile woman on Wall Street, some are wondering whether this is a signal that more problems have been uncovered at Morgan Stanley and that further asset write-downs are now on the cards. The Wall Street Journal quotes Punk Ziegel analyst Richard Bove, who said that Cruz's departure 'must mean that Morgan Stanley is going to report write-downs much greater than previously suggested'.
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'Could it be that it was, oh, so simple then - or has time rewritten every line.........?'
The Wall Street Journal reports that Goldman Sachs CEO Lloyd Blankfein outlined his suggestions on how the financial markets industry should remodel compensation structures Tuesday.
Here's a list of some of our most-read light-hearted items run this year.
Although times are tough for many recruiters, those search consultants at the very top, it seems, are currently doing rather well.
The Wall Street Journal reports that long-time Bank of America investor Jerry Finger has taken his fight against firm Chairman & CEO Ken Lewis to the internet.
The Daily Telegraph reports that $65bn fraudster Bernie Madoff received his first prison visitor earlier this week - his wife Ruth, who many would like to see banged up like her old man.
Former Deutsche Bank analyst Mike Mayo opened his account with new employer CLSA Monday, assigning an 'underweight' rating to a number of US banks, and predicting loan losses that will exceed the levels seen during the Great Depression.
High risk ?
Londoners struggled to get to work as a two-day subway strike snarled most of the network, leaving commuters to compete for bicycles and bus seats.
Chief executives in some of Europe's biggest banks saw huge gains in their pay packets in 2013, with a number of bosses seeing hikes in excess of 10 percent from the previous year, data compiled exclusively for CNBC reveals.