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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.

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Goldman Sachs under fire for role in collapsed UK deal

Goldman Sachs , one of the world's biggest investment banks, gave credibility to a deal dubbed the "unacceptable face of capitalism" by U.K. lawmakers and "underplayed" their role in negotiations, according to a critical report by MPs.