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In Defense of Morgan Stanley's 'Nuclear Holocaust'

Morgan Stanley HQ

Morgan Stanley is under fire for selling a mortgage related security that employees joked might be named 'nuclear holocaust' or 'subprime meltdown.' Do we really want to force investment banks to adopt financial paternalism ?

Barclays CEO: We Were Too Aggressive

Barclays Canary Wharf

Barclays CEO Antony Jenkins has told CNBC in Davos that the bank was too aggressive and too self-serving in recent years, as it seeks to put the manipulation of Libor and other scandals behind it.

UK Court Forces Barclays to Reveal Staff on Libor List

Bob Diamond At Davos

A British judge forced Barclays to identify top executives alongside traders linked to a probe into rate fixing, naming ex CEOs Bob Diamond and John Varley and current Finance Director Chris Lucas on Thursday despite requests for anonymity.

Bank of America Board Appoints New Directors

Bank Of America Corner Signs

The Bank of America Board of Directors has appointed Arnold Donald, a former chairman and chief executive officer of Merisant Co., and Lionel L. Nowell III, a former treasurer of PepsiCo Inc., as new directors. The appointments are effective immediately.