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Gorman Fights Stigma of 2008 at Morgan Stanley

James Gorman Still

In Thursday's 'Movers & Shakers', Bloomberg's Betty Liu reports that despite having the best-capitalized firm on Wall Street, Morgan Stanley CEO James Gorman is having a hard time shaking the stigma of 2008 as the company faces a possible downgrade from Moody's.

Wall Street Keeps Losing Finance Jobs

Gigi Stone Street News Still

Bloomberg's Gigi Stone reports on today's top news including Wall Street loses finance jobs, Morgan Stanley faces a potential downgrade from Moody's despite being the best capitalized bank on Wall Street and China delays tightening bank capital rules until early next year.

OCC Regulator Questions JPMorgan's Risk-Management

Thomas Curry Still

Bloomberg's Peter Cook reports that JPMorgan Chase & Co.’s trading loss of more than $2bn raises 'questions about the adequacy and rigor' of the bank’s risk-management practices, according to U.S. Comptroller of the Currency Thomas J. Curry.