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Financials James Gorman

  • June 14- Morgan Stanley CEO James Gorman said Saudi Arabia could be a "major opportunity" for the firm as the country unveiled plans for oil giant Saudi Aramco's $100 billion initial public offering and introduced a series of reforms to attract foreign capital in 2015.. Gorman, speaking at the bank's financials conference in New York, said he has personally been...

  • June 14- Morgan Stanley CEO James Gorman said Saudi Arabia could be a "major opportunity" for the firm as the country unveiled plans for oil giant Saudi Aramco's $100 billion initial public offering and introduced a series of reforms to attract foreign capital in 2015.. Gorman, speaking at the bank's financials conference in New York, said he has personally been...

  • LONDON, June 5- Executives at some of the world's biggest banks are warning that challenging market conditions could lead to a fall in second quarter trading revenues, with much of the blame being laid at a familiar door: low volatility. JP Morgan chief financial officer Marianne Lake, Bank of America chief executive Brian Moynihan and Morgan Stanley CEO James...

  • PURCHASE, N.Y., May 22- Morgan Stanley's executive compensation plan received the support of over 90 percent of its shareholders at the bank's annual meeting in its Purchase, New York wealth management headquarters on Monday. JPMorgan Chase& Co CEO Jamie Dimon faced activists during the bank's annual meeting last week who demanded answers about his role on a...

  • The European Central Bank said it will host a meeting of banks on May 4 at its offices in Frankfurt. It will spell out in detail what those moving some of their operations out of London must do to apply successfully for a licence. Ireland's central bank will hold a similar gathering next month to advise groups considering a move to Dublin, which along with Frankfurt,...

  • The European Central Bank said it will host a meeting of banks on May 4 at its offices in Frankfurt. It will spell out in detail what those moving some of their operations out of London must do to apply successfully for a licence. Ireland's central bank will hold a similar gathering next month to advise groups considering a move to Dublin, which along with Frankfurt,...

  • April 19- Morgan Stanley surprised Wall Street on Wednesday by producing a 74 percent jump in quarterly profit on the strength of a business that analysts and investors had for years written off as dead. "This is quite a number for a company that just two years ago was setting a billion dollars a quarter as an aspirational goal," said Oppenheimer analyst Chris...

  • The bank also hit a key milestone laid out by Chief Executive James Gorman by achieving a 10.7 percent return on equity, a measure of the firm's profitability. Morgan Stanley's trading results echoed those across Wall Street, with the exception of chief rival Goldman Sachs Group Inc which was the only bank to report a drop in trading revenue.

  • The bank's results stood in sharp contrast to those of chief rival Goldman Sachs, the only lender among the big Wall Street banks to have reported a drop in trading revenue. Bond trading remained strong across Wall Street during the quarter as investors shuffled their positions around interest rate hikes. Elections in Europe and Britain's progress in leaving...

  • May had delivered her vision two days earlier for pulling Britain out of the European Union's single market. Now the Wall Street banks, fearing Britain was headed for trouble, wanted to hear more about her strategy. "We contribute a double-digit percentage to Britain's GDP.

  • Kelleher said at a European financials conference that bond trading was "doing well" while client volumes in stock trading were down across Wall Street. Bank executives including Citigroup Chief Financial Officer John Gerspach and JPMorgan Chase& Co CFO Marianne Lake have also said in recent weeks that trading revenue this quarter would tick up modestly.

  • March 20- Goldman Sachs Group Inc, known for advising the world's richest and most powerful, is building a so-called robo-adviser geared to mass affluent customers, according to a job listing posted Monday on the bank's website. The bank last year launched Marcus, its first major foray into consumer lending, as well as a complementary deposit-taking platform...

  • March 17- Goldman Sachs Group Inc Chief Executive Lloyd Blankfein saw his overall compensation fall slightly, reflecting lower revenues at the bank in the first half of 2016.. Blankfein and Citigroup Inc CEO Mike Corbat were the only major bank CEOs whose pay was cut. Bank of America Corp CEO Brian Moynihan's compensation surged 25 percent to $20 million, his...

  • March 17- Goldman Sachs Group Inc Chief Executive Lloyd Blankfein saw his overall compensation fall slightly, reflecting lower revenues at the bank in the first half of 2016.. Blankfein and Citigroup Inc CEO Mike Corbat were the only major bank CEOs whose pay was cut. Bank of America Corp CEO Brian Moynihan's compensation surged 25 percent to $20 million, his...

  • Feb 17- Citigroup Inc's board of directors cut Chief Executive Officer Michael Corbat's compensation by 6 percent last year after the bank missed financial targets and one-third of its voting shareholders disapproved of his prior pay package. Corbat received $15.5 million in total compensation, including a base salary of $1.5 million, a $4.2 million cash...

  • NEW YORK, Feb 17- Bank of America Corp's board awarded Chief Executive Officer Brian Moynihan $20 million for his work last year, the largest pay package he has received since taking the helm of the bank in the aftermath of the 2008 financial crisis. His compensation came largely in the form of stock awards, half of which Moynihan can only receive if he hits certain...

  • Feb 17- Citigroup Inc cut Chief Executive Officer Michael Corbat's compensation by 6 percent to $15.5 million in 2016, a year in which the bank fell short of profitability and efficiency goals and saw one-third of voting shareholders disapprove of the company's prior executive compensation. Corbat got a base salary of $1.5 million, a $4.2 million cash...

  • NEW YORK, Feb 17- Bank of America Corp raised Chief Executive Officer and Chairman Brian Moynihan's compensation by 25 percent in 2016 after the second-largest U.S. bank grew profits by 13 percent. Moynihan's total compensation was $20 million, up from $16 million in 2015. JPMorgan Chase& Co CEO Jamie Dimon's compensation went up 3.7 percent to $28 million and...

  • NEW YORK, Jan 31- Betterment, one the earliest and largest online wealth managers known as robo-advisers, is launching new services that will allow clients to receive financial advice from human advisers, as digital and traditional investment management models converge. The New York- based firm said on Tuesday that it would launch two new plans called...

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    The finance world delivered a muted response to Trump's temporary ban on immigration. The New York Times reports.