Page 709 

LATEST

People News: Morgan Stanley, Cantor Fitzgerald

Morgan Stanley building

Gary Kaminsky, a vice chairman in Morgan Stanley's wealth management business, is moving into a part-time advisory role at the bank so he can co-host a television show about Wall Street, the bank confirmed on Thursday.

RBS gets favourable decision in U.S. lawsuit

RBS branch sign

A U.S. appeals court on Wednesday declined to hold Royal Bank of Scotland liable for allegedly defrauding investors in its American depositary shares by downplaying its subprime asset exposure prior to the global financial crisis.

HOT LIST

FEATURED

way out

Two top Merrill Lynch executives to leave firm

Sam Chapin and Dan Cummings, senior Merrill Lynch executives who helped meld the firm to Bank of America after the financial crisis, plan to step down as vice chairmen, ending more than 50 years of combined work at the company.

Tidjane Thiam

C Suisse downgraded

Fitch Ratings downgraded Credit Suisse's long-term default rating by a notch to A-minus and its viability rating to a-minus from a, citing the bank's reliance on difficult capital markets.