And 2017 looks to have got off to a decent start.
And even then it will be paid out over 5 years.
Morgan Stanley was expected to post fourth quarter earnings of 65 cents a share on revenue of $8.47 billion.
Financial institutions in the Asia-Pacific region will be more inclined to hire technology specialists this year than investment bankers as they enhance product offerings and upgrade their systems, according to a survey by Options Group Inc.
UBS has a degree of flexibility if its UK outpost looks set to lose its ability to operate across the European Union once Britain leaves the bloc, Chief Executive Sergio Ermotti said at the World Economic Forum in Davos on Monday.
Finance executives say they are preparing for the worst on Brexit as Prime Minister Theresa May signaled she plans to pull the U.K. out of the European single market.
The CEO of the largest German lender has underlined the dramatic shifts that the banking industry faces over the next five years with technology due to play a "key" role in this period of change.
Morgan Stanley has received China securities regulator's approval to boost its stake in its Chinese securities venture to 49 percent, said a person with direct knowledge of the matter, making it the first foreign bank to get such a nod.
December 2016 offered a more promising employment climate than its 2015 counterpart, but thanks to a year marked by political upheaval and economic volatility, a record amount of City professionals put off job seeking until 2017.
Societe Generale has named Didier Valet as its third deputy chief executive officer, promoting its investment-banking head as the French bank prepares a new business plan.
BlackRock, the world's largest asset management firm, reports mixed fourth-quarter results.
Klaus Schwab, the World Economic Forum (WEF) founder whose headquarters are the chrome and glass of a Bond villain’s lair, introduced this year’s event by saying: “The world around us is changing at unprecedented speed.” But it seems nothing has changed when it comes to the lack of women at Davos.
Completed distressed debt and bankruptcy restructuring activity totaled US$346.5 billion during 2016, a 121.4% increase from last year.
UBS has failed to persuade the European Court of Human Rights to overturn an order that it must post 1.1 billion euros ($1.17 billion) bail in a French case about whether it helped clients avoid tax.
Republican lawmakers who want to rein in Wall Street’s watchdogs aren’t waiting around for Donald Trump.
A former Barclays director said he had enough after 32 years on Wall Street and was hoping to land a less stressful job at a friend’s Long Island plumbing company. So he started passing tips about pending mergers to him.
Here's 10 ways fired employees got their revenge on their ex-bosses / former firms.
Wells Fargo posted fourth-quarter earnings Friday that missed on the top and bottom lines, sending shares lower nearly 1 percent in premarket trading.
The co-head of Credit Suisse's trading unit in EMEA is leaving the bank, it said in a memo to staff seen by Reuters, the latest management change in the division behind $1 billion in trading losses that came to light last year.
Deutsche Bank Chief Executive John Cryan has declined to rule out the possibility of a capital hike in the coming years, with a range of regulatory uncertainties still weighing on the German bank.
Credit Suisse has finalised its agreement to settle for $5.3bn (£4.3bn) with the US Department of Justice (DoJ) for mis-selling mortgage-backed securities in the lead-up to the financial crisis.
Prime Minister Theresa May has jetted out to Davos for crunch talks with top bankers following a landmark speech this week in which she set out her vision for Brexit.