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People News - Deutsche, Morgan Stanley

Morgan Stanley building

Deutsche Bank board member Stephan Leithner, once a rising star at the company, is leaving to join private equity firm EQT Partners AB as Germany’s biggest bank reshapes its strategy and businesses, according to people with knowledge of the situation.

Convicted hedgie sued by brother

Hedge Fund

Galleon Group founder Raj Rajaratnam, who is serving an 11-year prison term for insider trading, and his hedge fund have been sued by his younger brother for $13.5m he claims is owed him in unpaid commissions and legal costs.

BofA CEO - 'I say stay the course'

Brian Moynihan Davos 2013 Pic

Bank of America CEO Brian Moynihan said that even if Wall Street reforms were scaled back by politicians, he wouldn’t change how he runs the company, including the extra capital the firm holds.