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James Gorman

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  • BUSINESS-NEWS-SCHEDULE AT 1500 GMT /11 AM ET Friday, 31 Oct 2014 | 11:09 AM ET

    NEW YORK- During Morgan Stanley's public earnings call earlier this month, Chief Executive James Gorman made a remark that hit his commodities staff like a bombshell. Election-year water crisis taking a toll on Brazil's economy. SAO PAULO- After a grueling election campaign in which officials faced fierce criticism for downplaying the effects of a year-long...

  • Whatever Gorman meant by "optimize," the commodities staff interpreted it as "not good for my career at Morgan Stanley. "According to KBW analyst Brian Kleinhanzl, who rates Morgan Stanley a" market perform, "optimize means" cutting people or exiting products altogether that are unprofitable. "As we have previously stated, Morgan Stanley is committed to a...

  • Oct 17- Morgan Stanley reported an 87 percent rise in third-quarter earnings as the Wall Street bank's trading and wealth management businesses benefited from increased client activity. Morgan Stanley's shares rose 5.7 percent to $34.40 in premarket trading on Friday. The stable fee income Morgan Stanley receives for advising individuals on their...

  • Oct 9- Morgan Stanley is embracing the financial reforms intended to curb its animal spirits to generate bigger profits. Unlike most of its rivals, Morgan Stanley has been building its private equity business using structures that are subject to the Volcker rule, which restricts the amount of money a bank and its employees can contribute to such funds.

  • July 17- Wall Street bank Morgan Stanley's quarterly earnings more than doubled, beating market estimates, as stronger performances by its investment banking and wealth management businesses more than made up for a fall in revenue from bond trading.

  • July 2- Russia's Rosneft has submitted details of a deal to buy an oil trading unit of Morgan Stanley to a confidential U.S. committee that evaluates national security risks, the Wall Street Journal reported, citing a source familiar with the matter.

  • NEW YORK, July 1- Morgan Stanley wants to pay out a smaller portion of wealth management revenue to the retail brokers who generate it, the final and perhaps most difficult front in Chief Executive James Gorman's drive to reduce staff costs across the bank.

  • NEW YORK, July 1- Morgan Stanley wants to pay out a smaller portion of wealth management revenue to the retail brokers who generate it, the final and perhaps most difficult front in Chief Executive James Gorman's drive to reduce staff costs across the bank.

  • Morgan Stanley CEO: Job cuts in currency division  Tuesday, 10 Jun 2014 | 4:35 PM ET

    Morgan Stanley Chairman & CEO James Gorman, said bonds, currencies and commodities are going through a cyclical change.

  • Morgan Stanley CEO: Investment banking is over Wednesday, 7 May 2014 | 1:56 PM ET
    CEO of Morgan Stanley James Gorman speaks on May 6, 2014 in New York.

    These are not happy days for big Wall Street financial institutions, and the head of one of them thinks this is effectively the end of an era.

  • Fined billions, JPMorgan gives Dimon sizable raise Friday, 24 Jan 2014 | 6:53 AM ET
    JPMorgan Chase CEO Jamie Dimon

    JPMorgan Chase’s board voted to give Jamie Dimon a new pay package worth about $20 million after his pay was cut in half last year, to $11.5 million.

  • Wall Street CEOs sound alarms on fiscal problems Wednesday, 2 Oct 2013 | 1:08 PM ET
    Lloyd Blankfein, chief executive officer of Goldman Sachs Group Inc. and Brian Moynihan, president and chief executive officer of Bank of America Corp., speak to the media after a meeting with U.S. President Barack Obama at the White House in Washington, D.C.

    CEOs from major banks met with President Obama on Wednesday and warned of the consequences if lawmakers fail to raise the US debt ceiling.

  • Morgan Stanley CEO: 'Clearly at a recovery point'  Tuesday, 10 Sep 2013 | 2:44 PM ET

    Shares of Morgan Stanley are hitting a two-and-a-half-year high Tuesday. CNBC's Mary Thompson is joined by James Gorman, CEO of Morgan Stanley, to discuss huge bets on the brokerage business and the chance of another financial crisis.

  • Ghosts of go-go '90s resurface, haunt Wall Street Monday, 26 Aug 2013 | 8:21 AM ET

    In the 1990s, U.S. banks used life insurance to bet that their employees would eventually die. Now those wagers are coming back to haunt Wall Street banks.

  • Bank of America's Moynihan Gets 73% Pay Increase Wednesday, 20 Feb 2013 | 2:09 AM ET
    Brian Moynihan, CEO of Bank of America

    Bank of America CEO Brian Moynihan got a 73% pay increase in 2012, when the bank resolved crisis-era lawsuits and its stock was one of the sector's top performers.

  • Morgan Stanley CEO Gets Pay Raise to $1.5 Million Thursday, 31 Jan 2013 | 4:51 PM ET
    James Gorman, CEO, Morgan Stanley

    Morgan Stanley said Chief Executive James Gorman will receive a base salary of $1.5 million in 2013, nearly double the $800,000 he received last year.

  • Nov 5- Morgan Stanley's co-president of institutional securities, Paul Taubman, will retire at the end of the year, the bank said on Monday, ceding full control of the powerful investment banking and trading operation to his co-president and rival, Colm Kelleher.

  • Nov 5- Morgan Stanley has revamped its institutional securities business, announcing on Monday that Paul Taubman will retire as co-head of the trading and banking unit while co-head Colm Kelleher will remain as president.

  • Nov 5- Morgan Stanley has revamped its institutional securities business, announcing on Monday that Paul Taubman will retire as co-head of the trading and banking unit while co-head Colm Kelleher will remain as president.

  • Morgan Stanley: fiscal cliff daunts businesses Thursday, 18 Oct 2012 | 2:34 PM ET

    NEW YORK-- Morgan Stanley said Thursday that its corporate clients are ready to do business _ but they're a little unnerved by the impending fiscal crisis.