Pandit’s Exit Means End of ‘Shock and Awe’ Era: Bank Analyst
The heyday of volatility at the big banks could be replaced by a "boring" period, says SNL Financial's Nancy Bush.
Former Morgan Stanley Chief Mack on Pandit: ‘Clearly There Was Unhappiness With the Board’
John Mack, former chairman and CEO of Morgan Stanley,said "there was a view clearly by shareholders that change was a good thing."
M&A Prospects Lead Citi to Add Seven in Japan
A stagnating local economy and a strong yen are leading Japanese companies to look outside their own borders for expansion, and sources say that has led Citigroup to add seven bankers in the country to tend mergers and acquisitions.
Sheila Bair Calls Pandit’s Departure From Citi a ‘Very Positive Move’
Bair had "concerns" about Pandit's qualifications to serve as the CEO of Citigroup.
Citigroup CEO Pandit Steps Down
Vikram Pandit has resigned as CEO of Citigroup, effective immediately, and is also giving up his place on the company’s board. President and Chief Operating Officer John P. Havens has also stepped down.
Morgan Stanley, Citi Strike Deal on MSSB
Morgan Stanley and Citigroup have agreed on the valuation to be used in pricing Morgan Stanley’s purchase of the remaining stake in the Morgan Stanley Smith Barney joint venture: $13.5 billion for the full business, which includes close to 17,000 advisors.
How Much Do They Make? From Presidents to Privates, Then & Now
How much better off financially are today's presidents, Supreme Court justices and bankers?
Morgan Stanley and Citi Strike Deal on 14% MSSB Stake
The price comes in at the low end of the valuation range.
Citi Agrees to Pay $590M in Class-Action Lawsuit Deal
The news comes as Citigroup and Morgan Stanley work out details regarding the Morgan Stanley-Smith Barney joint venture.
12 Best & Worst Broker-Dealers: Q2 Earnings
Earnings fell as much as 58%, but also jumped over 600% within the broker-dealer industry—AdvisorOne spotlights the six best and six worst.