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Financials James Gorman

  • 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...

  • Wall Street NYSE

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

  • Jan 23- Former Morgan Stanley executive Greg Fleming has joined asset management firm Axiom Capital Management, according to a regulatory filing, offering the first hint of what his life after Wall Street might look like. Fleming, who was once widely viewed as a possible successor to Morgan Stanley Chief Executive Officer James Gorman, will serve as a...

  • LONDON/ FRANKFURT Jan 20- U.S. banks Morgan Stanley and Citigroup have identified many of the roles that will need to be moved from Britain following its exit from the European Union, sources involved in the processes told Reuters. Morgan Stanley, which bases the bulk of its European staff in Britain, will have to move up to 1,000 jobs in sales and trading, risk...

  • Jan 20- Morgan Stanley Chief Executive James Gorman's overall pay rose 7 percent in 2016 as the Wall Street bank's stock soared and it edged closer to hitting a key profitability target. Gorman will receive $22.5 million in total compensation, up from $21 million in 2015, spokesman Mark Lake said in an email. Gorman received a $5 million stock bonus for his...

  • SAN FRANCISCO, Jan 20- U.S. In the days ahead of Friday's inauguration, senior executives from Morgan Stanley, Delta Air Lines and other major U.S. corporations said the Trump White House has already sparked a brighter outlook for business. "There is certainly more reason to be optimistic as we enter 2017 than there was at the beginning of 2016," Morgan Stanley CEO...

  • LONDON/ FRANKFURT Jan 20- U.S. banks Morgan Stanley and Citigroup have identified many of the roles that will need to be moved from Britain following its exit from the European Union, sources involved in the processes told Reuters. Morgan Stanley, which bases the bulk of its European staff in Britain, will have to move up to 1,000 jobs in sales and trading, risk...

  • James Gorman

    "You can't sit on your hands," James Gorman tells CNBC from Davos.

  • James Gorman

    But Morgan Stanley's James Gorman tells CNBC there are elements of the regulations that do need to be "curtailed."

  • James Gorman: Classic bull vs. bear case for market

    Investor engagement is ticking up, says James Gorman, Morgan Stanley CEO, sharing his optimistic outlook on the markets but warns of risks ahead as well. We have massive geopolitical uncertainty, cautions Gorman.

  • James Gorman: 4-percent economic growth unlikely

    James Gorman, Morgan Stanley CEO shares his views on market cycles and economic growth.

  • James Gorman: On track to hit our 2017 goals

    James Gorman, Morgan Stanley CEO, talks about the impact of higher rates on the bank's business. It clearly helps in the net income, say Gorman.

  • Jan 17- Morgan Stanley's profit doubled in the fourth quarter as trading activity surged across Wall Street, and the bank said it was on track to reach a number of financial goals set out by Chief Executive James Gorman. Morgan Stanley's trading results echoed those of JPMorgan Chase& Co and Bank of America Corp last week, driven by Donald Trump's surprise...

  • NEW YORK, Jan 17- Morgan Stanley inked deals with 10 technology outfits last year to improve the products and services it offers wealth-management customers, the bank said on Tuesday. Although the tools will not necessarily generate fees, they will help financial advisers do their jobs better, Morgan Stanley Chief Executive James Gorman said.

  • Jan 17- Morgan Stanley's profit doubled in the fourth quarter as trading activity surged across Wall Street, and the bank said it was on track to reach a number of financial goals set out by Chief Executive James Gorman. Morgan Stanley's trading results echoed those of JPMorgan Chase& Co and Bank of America Corp last week, driven by Donald Trump's surprise...

  • Jan 17- Morgan Stanley's profit doubled in the fourth quarter as trading activity surged across Wall Street, and the bank said it is on track to reach a number of financial goals set out by Chief Executive James Gorman. Morgan Stanley's trading results echoed those of JPMorgan Chase& Co and Bank of America Corp last week, driven by Donald Trump's surprise election...