Tom Wilson, an equities sales trader at Numis Securities, is the toast of his stockbroking firm after he dramatically saved the life of a man who jumped into the Thames - apparently with the intention of committing suicide... more
One of Morgan Stanley’s top bankers is moving from New York to London in a clear sign that the City is winning its campaign to prevent a clampdown on the industry by politicians... more
Tomorrow the gloves come off for another round of banker bonus bashing. JP Morgan and Goldman Sachs have had stellar years: once again, estimates will be everywhere of how much their leading players stand to receive ... more
We're just months away from a general election and a possible Conservative victory. One of those in line for recognition in a new Tory administration is backbencher Michael Fallon... more
The collapse of Lehman Brothers one year ago claimed another scalp when Wall Street titan John Mack quit as the chief executive of Morgan Stanley... more
US banking giant Morgan Stanley posted a loss of $159 million (£97 million) for the second quarter of this year - worse than analysts' forecasts ... more
Some of Wall Street's top bankers continued to use corporate jets for personal purposes even after their firms received multi-billion-dollar bailouts from the US taxpayer... more
Stephen Hester is everything his predecessor Sir Fred Goodwin was not. He is large in stature, he has no discernible accent and he is a banker rather than an accountant.... more
Banking: Morgan Stanley’s 5000 bankers at its Canary Wharf headquarters have started playing the guessing game over who will take over from veteran chief executive John Mack at the firm
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What a difference a year makes. Twelve months ago, the optimists were still hoping that the credit crunch, like the First World War, might be over by Christmas. Now things look very different.... more
Banking: Banking executives at Morgan Stanley and Merrill Lynch have become the latest senior bankers to give up their bonuses this year as the global financial crisis bites... more
Profile: Stephen Hester has been chosen by the Government to turn round the bailed-out Royal Bank of Scotland. In the past, his method was "slash and burn". RBS has been warned... more
Banking: Japan's Mitsubishi UFJ Financial Group (MUFG) is renegotiating its $9 billion deal to inject funds to Morgan Stanley after a week in which the US investment bank's share price has plunged... more
It can’t be much fun being John Mack at the moment. The famously aggressive boss of Morgan Stanley — “There’s blood in the water, let’s go kill,” is one of his exhortations — is clearly struggling to come to terms with the dire situation that confronts him... more
He pulls some weight, does that Hank Paulson. How many other people on the planet could whistle up $700 billion of public money and get universal agreement that he's doing the right thing?... more
Analysis: One of life's rules is that there's bad in good and good in bad. The total collapse of the US financial system is no exception. Even in the midst of the current financial despair, we can look around and identify many collateral benefits... more
Banking: Goldman Sachs and Morgan Stanley have abandoned their cherished status as investment banks in a shock move that marks the end of an era on Wall Street... more
Talk of a merger between Wall Street titan Morgan Stanley and US retailer bank Wachovia could end up being a three-way deal with a state-backed major Chinese investor... more
Sound check: German industrial metal band Rammstein literally play with fire in their live performances - and now they are about to unleash their singeing spectacle on London. Watch out for your eyebrows
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