Banks search for loopholes in leveraged loan guidelines
By Greg Roumeliotis and Lauren Tara LaCapra NEW YORK (Reuters) - Wall Street banks are playing cat-and-mouse with U.S. regulators over rules that seek to reduce lending for deals that...
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Exclusive: Goldman’s Cohn takes on Washington to defend commodities
NEW YORK (Reuters) - Sen. Sherrod Brown, a Democrat from Ohio, and Goldman Sachs Group Inc. President Gary Cohn, who's from Cleveland, are friendly enough that Brown has been known...
Banking regulators hire math geeks of their own
(Reuters) - A few years ago, famed financial engineer Andrew Lo built a computer model that allowed one of the biggest U.S. banks to figure out which customers were most...
Morgan Stanley CEO says bankers’ bad judgment was not a crime
NEW YORK (Reuters) - Morgan Stanley chief executive James Gorman said on Tuesday that he does not believe more bankers should have gone to jail for the financial crisis. "Bad...
Exclusive: Morgan Stanley makes ‘riding the calendar’ less lucrative for brokers
NEW YORK (Reuters) - Wary of brokers who make their money by "riding the calendar" of new stock and bond issues rather than patiently building the firm's wealth management business,...
Goldman buys Westpeak in drive for ‘smart beta’ assets
NEW YORK (Reuters) - Goldman Sachs Group Inc's asset-management business has agreed to buy Westpeak Global Advisors, a firm that aims to beat market indexes by using factors other than...
Morgan Stanley profit soars on wealth management, trading
(Reuters) - Morgan Stanley reported a 55 percent jump in first-quarter earnings as higher revenue from its institutional securities business augmented another strong quarter from wealth management, sending shares in...
For Morgan Stanley, playing it safe pays off
(Reuters) - A year ago, soon after Morgan Stanley posted disappointing quarterly earnings, Chairman and Chief Executive Officer James Gorman told board members the bank was on the right track...
Non-banks notch a win in long-running derivatives battle
NEW YORK (Reuters) - A group of small brokerages and large commodities companies convinced lawmakers to tweak a rule that they say would have made derivatives trading more expensive for...
Goldman board lifts target for Blankfein to redeem future awards
NEW YORK (Reuters) - Goldman Sachs Group Inc's board lifted a key performance target that the bank must reach for Chairman and Chief Executive Lloyd Blankfein to redeem a new...