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NEW YORK: Citigroup Inc said late on Friday that outgoing Chief Executive Officer Mike Corbat's (pic) compensation for 2020 would be $19 million, a 21% decrease from 2019, according to a regulatory filing.
NEW YORK: Morgan Stanley and Goldman Sachs Group Inc investment bankers are getting the biggest bonus bumps among peers in Asia after revenue from the region climbed by about a third on increased deal flows.
NEW YORK: Morgan Stanley Chief Executive James Gorman's annual pay rose by $6 million, or 22%, last year, according to a regulatory filing released on Friday.
WE ARE up against what Joe Biden is calling a dark winter.
LONDON: The giants of Wall Street and European banking are giving up their stronghold on London.
NEW YORK/LONDON: World stock markets edged higher on Thursday on surging shares of Netflix and Amazon.com as investors anticipated big earnings from the coronavirus-induced slowdowns keeping people at home, while bond yields fell as data reflected record U.S. joblessness.
NEW YORK (Bloomberg): Morgan Stanley had just ended a decade-long drought of major takeovers by top US banks with his surprise deal to buy E*Trade Financial Corp for US$13bil.
NEW YORK: Morgan Stanley said on Thursday it would buy discount brokerage E*Trade Financial Corp in a stock deal worth about $13 billion, the biggest acquisition by a Wall Street bank since the 2008-2009 financial crisis.
New YORK: Citigroup Inc kept its Chief Executive Officer Michael Corbat's 2019 compensation unchanged at US$24 million, according to a regulatory filing on Friday.