Topic: Morgan Stanley
Fed optimistic on changing Wall St pay
Reuters US Online Report Business News
WASHINGTON (Reuters) - The Federal Reserve expects the largest U.S. banks to make progress this year in overhauling their pay practices, while acknowledging that more dramatic changes may take longer to implement, a Fed official said on Thursday. Wall Street pay has been a frequent source of controversy in the ...
The Street's jobless recovery
Reuters US Online Report Business News
NEW YORK (Reuters) - When Matt Prendergast was laid off in 2008 after Bear Stearns collapsed, he expected to find a new job right away. With more than 20 years' experience as an investment banker, he thought he was sitting pretty. A year and a half later, he is still looking ...
Morgan Stanley's Mack concerned about politics
Reuters US Online Report Business News
CHARLOTTE, North Carolina (Reuters) - Morgan Stanley <MS.N> Chairman John Mack said on Wednesday he is disappointed that decisions coming from the Obama administration are being motivated by politics. "I'm not here to bash the administration, but I'm really disappointed," Mack said while speaking at public ...
Morgan Stanley nears selling stake in Chinese bank
AFP Global Edition
Banking giant Morgan Stanley is close to selling its 34.3 percent stake in investment bank China International Capital Corp. to US private equity firms in a one billion dollar deal, a source said. The two firms are Kohlberg Kravis Roberts & Co, and TPG Capital, the source familiar with ...
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