James Gorman

Otting makes it official; Morgan Stanley's Gorman: Hold the stock buybacks


The comptroller of the currency will be replaced by his COO, Brian P. Brooks, on an acting basis; CEO James Gorman says the economy needs to be on steadier ground first.


Morgan Stanley CEO sees much less of a physical footprint in its future


"We've proven we can operate with no footprint," James Gorman, Morgan's CEO, said. "Can I see a future where part of every week, certainly part of every month, a lot of our employees will be at home? Absolutely."


With E-Trade deal, Morgan Stanley moves deeper into consumer banking


The Wall Street giant will inherit some $56 billion of low-cost deposits that will allow it to offer more traditional banking products to its wealth management clients.


Morgan Stanley buying discount broker E*Trade for $13 billion


The all-stock takeover would add E*Trade’s $360 billion of client assets to Morgan Stanley’s $2.7 trillion.


U.S. bank CEOs see Fed staying the course after market chaos


Leaders of the biggest U.S. banks don’t see 2018’s wild ending as reason enough for the Federal Reserve to reverse course.


Top woman banker leaving BofA; appeals court tosses trader conviction


The bank’s head of global capital markets is joining a private equity firm; Jefferies mortgage bond trader is freed from prison.


Morgan Stanley kicks new tech strategy into gear


The investment bank has asked Rob Rooney, an executive who wore multiple hats at the company, to focus full time on the data-oriented strategy he has devised for its wealth management, capital markets and other functions.


Massive crypto hack highlights need for custody solutions


The Japanese cryptocurrency exchange Coincheck says roughly $400 million of the digital currency NEM was stolen. If banks and others are to invest in the digital-asset industry, it will have to do better.


SoFi makes an offer; B of A fires hedge fund executive


Anthony Noto may be SoFi’s next CEO; manager is quietly let go following an internal investigation into alleged sexual misconduct.


Gorman's brokerage play lifts Morgan Stanley to higher profits


Morgan Stanley’s net income rose 12% to $1.8 billion, or 93 cents a share, from $1.6 billion, or 81 cents, a year earlier.