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United States

Elizabeth Dilts Marshall

RPT-Choppy markets leave U.S. bank bonus decisions in limbo

Dec 10 2019

NEW YORK, Dec 10 December is always a month of suspense on Wall Street, as dealmakers, traders and money managers at big U.S. banks wait to find out how much they will receive in bonuses.

Choppy markets leave U.S. bank bonus decisions in limbo

Dec 10 2019

NEW YORK, Dec 10 December is always a month of suspense on Wall Street, as dealmakers, traders and money managers at big U.S. banks wait to find out how much they will receive in bonuses.

Morgan Stanley hires former AIG executive to lead global support centers

Nov 22 2019

NEW YORK Morgan Stanley hired Ruchika Sethi to lead the bank and wealth management firm's nine support centers worldwide, according to a memo sent to staff on Friday viewed by Reuters.

MOVES-Morgan Stanley hires former AIG executive to lead call centers

Nov 22 2019

NEW YORK, Nov 22 Morgan Stanley hired Ruchika Sethi to lead the bank and wealth management firm's global in-house call centers, according to a memo sent to staff on Friday viewed by Reuters.

JPMorgan lowers account minimum, expands free trades for You Invest

Nov 21 2019

NEW YORK JPMorgan Chase & Co said Thursday it is giving free online trades to more customers and lowering the amount of money needed to open one of its robo-adviser accounts, as firms across the industry bow to pressure to reduce fees and account minimums.

Morgan Stanley pushes advisers to boost revenue in 2020 pay plan: sources

Nov 19 2019

NEW YORK Morgan Stanley told financial advisers on Tuesday that they could be paid less if they do not generate more revenue or get customers to sign up for comprehensive financial plans next year, people familiar with the bank's 2020 compensation plan said.

Exclusive: Goldman Sachs plans shift from revenue goal at first investor day

Nov 11 2019

NEW YORK More than two years ago, Goldman Sachs Group Inc told investors it would find $5 billion in fresh annual revenue by 2020. Now, the bank may move away from that goal to focus on a wider range of metrics.

MOVES-JPMorgan hires bankers for new venture capital coverage team

Nov 05 2019

NEW YORK, Nov 5 JPMorgan Chase & Co said on Tuesday that it hired a team of four bankers to lead a new team in its commercial bank that connects venture capital investors with fast-growing start-ups in technology, life sciences and other fields.

Goldman wants traders to be more like dealmakers and coders

Oct 17 2019

NEW YORK Over the past decade or so, Goldman Sachs Group Inc has watched its annual trading profits fall 84%, as post-financial crisis regulations upended Wall Street. Now, bank executives are hoping they have figured out the key to a turnaround: asking traders to be more like investment bankers.

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