Browsing Tag

Morgan Stanley

Debt ceiling detours and divisiveness

US President Joe Biden walks on the South Lawn of the White House before boarding Marine One in Washington, DC, US, on Wednesday, May 17, 2023.Al Drago | Bloomberg | Getty ImagesThis report is from today's CNBC Daily Open, our new,…

Gorman to step down within the year

Morgan Stanley chief James Gorman said Friday he plans to resign as CEO within the year, setting off a succession race atop one of Wall Street's dominant firms.The bank's board has narrowed its CEO search to three "very strong" internal…

Morgan Stanley plans 3,000 layoffs

The logo of Morgan Stanley is seen in New York Shannon Stapleton | ReutersAs Wall Street's slump in IPOs and mergers deepens this year, top advisory firms including Morgan Stanley, Bank of America and Citigroup have turned to job cuts in…