James Gorman


  • *No appetite to give Greece money without guarantees-Schaeuble. PARIS/ ATHENS, Feb 16- Debt-laden Greece and EU paymaster Germany struck hardline postures ahead of a crucial meeting of euro zone finance ministers on Monday on the future of an unpopular international bailout for Athens, but France called for compromise. German Finance Minister Wolfgang...

  • Jan 23- Morgan Stanley granted Chief Executive James Gorman about $4.4 million worth of restricted stock as part of his 2014 bonus.

  • *Fourth-qtr adjusted profit $0.39/ shr vs. est. Jan 20- Wall Street powerhouse Morgan Stanley said it would pay a smaller portion of revenue in bonuses to investment bankers and traders this year even in a better revenue environment. Morgan Stanley said it would pay 39 percent or less of revenue from its institutional securities business to employees in 2015....

  • NEW YORK, Jan 15- Morgan Stanley said it has promoted 151 employees to managing director on Thursday, more than half of them in the institutional securities business. Senior Morgan Stanley executives in New York, including Chief Executive Officer James Gorman, had been calling staff members to congratulate them on their promotions, Reuters reported earlier in...

  • NEW YORK, Jan 15- Senior Morgan Stanley executives, including Chief Executive Officer James Gorman, have been calling employees named to the new class of managing directors, people familiar with the matter told Reuters. The executives who are based in New York began calling employees in Asia on Wednesday night, and followed with Europe and the Americas, said the...

  • NEW YORK, Jan 14- Morgan Stanley appointed two new executives on Wednesday to run one of Wall Street's last big commodity trading operations following the unexpected departure of the previous co-heads. Nancy King and Peter Sherk, insiders who have worked in the bank's commodities group for more than a decade, have taken on day-to-day responsibility for the...

  • NEW YORK, Jan 14- Morgan Stanley appointed two new executives to run its commodities business on Wednesday as the previous co-heads left their roles. The leadership change comes after months of what sources inside Morgan Stanley have described as internal confusion about the fate of commodities trading there. But in August, Morgan Stanley quietly filed plans...

  • 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...

  • Dimon: Shadow banking threat to US economy Friday, 10 Oct 2014 | 10:45 AM ET
    Jamie Dimon, chief executive officer of JPMorgan Chase & Co.

    The JPMorgan CEO sees one thing that could derail the recovery: The $3.2 trillion nonbank financial system, or "shadow banks."

  • 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.

  • Mario Gabelli: Wall Street's $85 million man Tuesday, 9 Sep 2014 | 11:38 AM ET
    Mario Gabelli

    Wall Street likes to call him "Super Mario," and in 2013 the moniker fit in more ways than one.

  • 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.