Morgan Stanley Pays $4M to SEC Over Market Access Violations
Morgan Stanley allowed a rogue trader to engage in fraudulent trading of Apple stock and lose $5.3 million, the SEC said.
BNY Mellon Pushes Out CEO Kelly
Bank of New York Mellon delivered surprise news late Wednesday with the announcement that Chairman and CEO Robert P. Kelly has left after reported disagreements over the way he has run the company.
Q2 Earnings Outlook: Financial Firms’ Reporting Season Off to Good Start
But with new rules hitting banks, corporate results could face headwinds in the second quarter of 2011.