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Morgan Stanley brokerage business continues to deliver

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While Morgan Stanley suffered the same bond-trading slump that afflicted rivals, the firm’s wealth management business carried it to improved profit last quarter. That division -- which Gorman made a central part of the bank’s future as a driving force behind the crisis-era acquisition of Citigroup’s Smith Barney brokerage - posted its third straight quarter of record pretax earnings.

Ex-Lehman trader loses bid for $83m 'windfall'

No Pot Of Gold

A federal judge on Wednesday said a former star Lehman Brothers trader was not entitled to an $83m bonus he claimed he was owed following the investment bank's 2008 collapse, on top of a similar sum that Barclays already paid him.

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Morgan Stanley brokerage business continues to deliver

While Morgan Stanley suffered the same bond-trading slump that afflicted rivals, the firm’s wealth management business carried it to improved profit last quarter. That division -- which Gorman made a central part of the bank’s future as a driving force behind the crisis-era acquisition of Citigroup’s Smith Barney brokerage - posted its third straight quarter of record pretax earnings.