All Posts Tagged With: "Morgan Stanley (MS)"
JPMorgan Chase (NYSE: JPM) Executive Leads Charge For Raising Debt Ceiling
Matthew Zames, chairman of a Treasury Department advisory panel and a managing director at JPMorgan Chase & Co. (JPM), said failure to raise the nation’s $14.3 trillion debt limit could be “catastrophic.” By now, you’ve heard of the debt ceiling. It’s basically the ability of the Treasury Department to issue new bonds to finance the [...]
Goldman Sachs (NYSE: GS) CEO Blankfein Doubles Bonus in 2010.
It’s hard to say that things have really changed on Wall Street when a bad year for Goldman Sachs (GS) results in CEO Lloyd Blankfein receiving a total compensation of $18.6 million. In an article on Street Sweep, Colin Barr reported about the compensation package, which Goldman reported in its annual proxy statement filed on [...]
JPMorgan Chase (NYSE: JPM) CEO Jamie Dimon Could Receive Up to $17 Million in Compensation
They may not be the number one bank in assets, but in terms of CEO compensation, JPMorgan Chase (JPM) can say they’re number one. After posting a $17.4 billion profit for 2010, JPMorgan Chase & Co. awarded Chief Executive Jamie Dimon restricted stock and options that could be worth $17 million. The award is a [...]
Invoking Volker: JPMorgan Chase (NYSE: JPM) Shuts Proprietary Trading Unit, But Will Other Banks Follow
JPMorgan Chase & Co. (JPM) became the first investment bank to take steps to comply with the so-called “Volcker Rule” by shutting down its proprietary trading unit. JPM, the second-biggest U.S. bank by assets, told about 20 traders who work on its commodities trading desk that the company will close the unit, Bloomberg News reported, [...]
U.S. Treasury Sells 1.1 Billion Shares of Citigroup (NYSE:C) Common Stock
In a press release, the U.S. Department of the Treasury announced the sale of approximately 1.1 billion shares of Citigroup (C) common stock pursuant to the completion of its second trading plan with Morgan Stanley (MS) as sales agent. To date, Treasury has sold a total of approximately 2.6 billion shares of Citigroup common stock [...]
Morgan Stanley (NYSE: MS) To Win Big in Government Sale of Citigroup (NYSE: C) Shares
Investment banking giant Morgan Stanley (NYSE: MS) will be a significant beneficiary in the US government plan to sell off its stake in Citigroup (NYSE: C) over the course of 2010. A contract between Morgan Stanley and the Treasury Department allows the company to charge a management fee for assisting in the sale of Citigroup [...]
Goldman Sachs (NYSE: GS) Cuts Estimates On Bank Of America (NYSE: BAC), JP Morgan (NYSE: JPM) And Morgan Stanley (NYSE: MS)
Analysts at Goldman Sachs (NYSE: GS) cut earnings estimates for the current quarter and full-year on several names in the banking sector, including Bank of America (NYSE: BAC), JP Morgan (NYSE: JPM) and Morgan Stanley (NYSE: MS). The investment bank cited weak capital markets revenue during February as the reason for its reduction, according to [...]
Brokers At Bank Of America (NYSE: BAC), Wells Fargo (NYSE: WFC) And Morgan Stanley (NYSE: MS) Head For Exits In January
More than 2,000 brokers switched firms or went to independent brokerage houses in January, the highest number of movement in six months. Several big banks saw brokers head for the exit, including Morgan Stanley (NYSE: MS), Bank of America (NYSE: BAC), Wells Fargo (NYSE: WFC) and UBS. A total of 360 financial advisers left the [...]
Will Sharpened Clawback Provisions at J.P. Morgan Chase (NYSE: JPM), Bank of America Corp. (NYSE: BAC), and Morgan Stanley (NYSE: MS) Quiet Populist Rage?
The big banks continue to respond to the growing outrage focused on their compensation practices. The Wall Street Journal reports that many banks including J.P. Morgan Chase (JPM), Bank of America Corp. (BAC), and Morgan Stanley (MS) have announced enhanced provisions that will allow them to seize bonus compensation for employees whose bets or other [...]
Morgan Stanley (NYSE:MS) To Change Bonus Plans In Response to New UK Tax
The battle over bank bonuses continues as Morgan Stanley (NYSE:MS) made plans to change their current bonus payment plans in response to government actions in the United Kingdom. The Wall Street Journal reported that Morgan Stanley plans to reduce its bonus payments to employees worldwide in response to a hotly contested new tax on bonuses [...]
Morgan Stanley (NYSE: MS) and Goldman Sachs (NYSE: GS) Compete Over Release of 4th Quarter Earnings
Fueled by public perceptions of their 2009 earnings, Morgan Stanley (MS) and Goldman Sachs Group Inc. (GS) are carefully timing their respective releases. Goldman, anticipating intense public scorn and scrutiny over its projected bonus pool, would like to report as close to Morgan Stanley as possible to try to deflect some attention from the bonuses [...]
J.P. Morgan Chase (NYSE: JPM), Morgan Stanley (NYSE: MS), Bank of America (NYSE: BAC) and Citigroup (NYSE: C) Expected to Report Declines in 4th Quarter Earnings
Analysts are cautioning that fourth-quarter investment banking earnings suffered a significant “early Christmas” slowdown on the back of falling fixed-income revenues. The warnings come just days before the start of the financial sector’s reporting season. Analysts at J.P. Morgan (JPM) and Morgan Stanley (MS) issued reports Tuesday on the banking industry in which they estimated [...]
Financial Crisis Committee Hearing In Full Swing, Goldman Sachs (NYSE: GS) CEO Blankfein Faces Questions, Bank of America (NYSE: BAC) CEO Moynihan Still On Deck
The Financial Crisis Inquiry Commission began its public hearing Wednesday with executives from the nation’s top banks. The Bipartisan panel has already began questioning Goldman Sachs (NYSE: GS) CEO Lloyd Blankfein and is set to speak with Bank of America (NYSE: BAC) CEO Brian Moynihan, JP Morgan (NYSE: JPM) Chief Jamie Dimon as well as [...]
NY Attorney General Cuomo Seeks Bonus Info From Bank Of America (NYSE: BAC), Citigroup (NYSE: C), JP Morgan Chase (NYSE: JPM), And Others
Amidst public displeasure and regulatory scrutiny over bonus payments, several large U.S. banks received a letter from New York Attorney General Andrew Cuomo requesting information on bonus allocations. The letter went to eight of the nation’s largest banks that received taxpayer money. Bank of America (NYSE: BAC), Bank of New York Mellon (NSYE: ), Citigroup [...]
Morgan Stanley (NYSE: MS) Wins Antitrust Legal Battle Against Discover (NYSE: DFS), Awarded Nearly $800 Million
Morgan Stanley (NYSE: MS) received a ruling from a New York state Supreme Court Justice on Wednesday awarding the bank nearly $800 million; ordering Discover Financial Services (NYSE: DFS) to pay what was deemed as Morgan’s portion of an antitrust settlement with Visa (NYSE: V) and MasterCard (NYSE: MA). Discover Financial, formerly owned my Morgan [...]
Quaint notion, but the only thing i fear more than the Fed is whatever monstrocity replaces it. As for transparency, ...
All their employees getting laid off with no chance of getting called back in Middlebury Indiana sure don't see any ...
What is wrong with this picture. Everyone has a price of $14-15, but these clowns come out with $4-5. ...