Morgan Stanley Tops Estimates; Loses 300 Advisors
Morgan Stanley Smith Barney advisors have average production of $787,000 and assets of $101 million.
Citigroup’s Pandit Rebuffed Despite Record Revenue
At an otherwise routine meeting, the only point of contention was the pay package, with more than half of attendees voting ‘nay.’
Citi Reports Record Revenue Led by International Transactions
The bank said Monday that it made $2.9 billion in the first three months of the year, or 95 cents per share, which includes a $1.3 billion accounting charge that Citi took because the value of its debt increased.
New Hire Roundup: Fidelity Names Presidents, SIFMA Gains President and Board Members
This week in new hires, Fidelity Asset Management announced two new presidents in its fixed income division and SIFMA announced its new president and board members.
Citigroup’s Vikram Pandit: Today ‘Fundamentally Different’ from 2008
Citigroup CEO Vikram Pandit said leverage brought on the crisis of 2008, while living with the consequences of a period of over-leveraging characterizes the market today, which he says is a fundamental difference between the two.
Q3 Earnings: Citigroup's Climb 74% on Accounting Gain
Citing a one-time accounting boost, Citigroup reported a 74% rise in Q3 2011 profits compared with a year ago. Citi CEO Vikram Pandit said the bank continues to pare down its brokerage and asset management units.
From Wall Street to Fleet Street: Protests Set for London
The Occupy Wall Street movement, whose growing presence in Lower Manhattan has steadily attracted more notice, is spreading to Fleet Street, where protestors plan a Saturday march to the London Stock Exchange.
Citigroup Names New President, COO One Day After Q4 Earnings Release
A day after announcing disappointing yet profitable earnings, Citigroup CEO Vikram Pandit said John Havens, CEO of Citi’s investment bank, will become the bank’s president and COO.
2010 Q4 Earnings: Citigroup Sees Profits for First Time Since 2007
For the first time since CEO Vikram Pandit took over the leadership of Citigroup in 2007, the bank reported annual profits in its end-of-year earnings, at $10.6 billion, or $0.35 per share.
Citigroup Boosts Profits on Weak Sales
Citigroup (C) reported third-quarter net income at $2.17 billion, or $0.07 a share, beating analysts' estimates by $0.01. Sales of $20.7 billion, however, missed estimates by $45 million.