When it came to the Brexit vote, Wall Street banks (and traders) assumed the worst. But they may have gotten it wrong.
Citigroup raised Chief Executive Michael Corbat's pay by an estimated 27 percent in 2015, a year in which the bank's profit more than doubled.
Wall Street's two marquee investment banks each slightly cut their chief executives' pay after a year that saw profitability fall.
Morgan Stanley CEO James Gorman shares his views on the stock market and the economy.
James Gorman said on CNBC's "Squawk Box" from the World Economic Forum in Davos on Thursday that the Fed should hike interest rates in June.
Back on this week, the World Economic Forum in Davos is as big as ever with lofty ambitions to match.
"The financial industry has largely lost the public trust," New York Fed President William Dudley said.
Morgan Stanley reported an 87 percent rise earnings as its trading and wealth management businesses benefited from increased client activity.
The JPMorgan CEO sees one thing that could derail the recovery: The $3.2 trillion nonbank financial system, or "shadow banks."
Wall Street likes to call him "Super Mario," and in 2013 the moniker fit in more ways than one.
Morgan Stanley Chairman & CEO James Gorman, said bonds, currencies and commodities are going through a cyclical change.
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.
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.
CEOs from major banks met with President Obama on Wednesday and warned of the consequences if lawmakers fail to raise the US debt ceiling.
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.
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 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 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.