Word: crisises
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See the top 10 financial-crisis buzzwords.
Karel Lannoo, head of the Centre for European Policy Studies in Brussels, says it will be difficult to implement efforts to regulate bonuses in the E.U., as rules on working conditions are decided at the national level by individual governments. He adds that although bonuses are a powerful rallying point...
What a difference a financial crisis makes. Mack has spent much of the past year putting Morgan Stanley on safer ground. He has dramatically lowered borrowing and shut down the firm's proprietary trading desk. He changed Morgan from a Wall Street dealer to a bank holding company, and more...
The financial crisis and its aftermath have dramatically changed investor perceptions, particularly with respect to the soundness of our financial system. In response, big financial firms are changing, but few firms have changed more than Morgan Stanley. The latest sign of Morgan's transformation came two weeks ago when the...
Gorman has said that while the firm will shut down part of its trading desk it has no plans to fully exit the investment-banking business. It still plans to advise clients on mergers and manage stock and bond offerings, as well as complete trades for others. Gorman recently told...