January 21, 2022 by Bloomberg News | | | Share This (Bloomberg) — Morgan Stanley boosted Chief Executive Officer James Gorman’s compensation to $35 million, leaving him poised to be the best-paid major U.S. bank boss for another year. Morgan Stanley increased Gorman’s pay 6% for 2021, with the bank’s profitability climbing to a new […]
Continue ReadingJanuary 20, 2022 by Bloomberg News | | Share This (Bloomberg) — Wells Fargo & Co. got another regulatory order lifted, the latest sign of progress for Chief Executive Officer Charlie Scharf’s quest to turn around the scandal-plagued bank. The U.S. Office of the Comptroller of the Currency terminated a 2015 order over add-on products […]
Continue ReadingJanuary 19, 2022 by Bloomberg News | | Share This (Bloomberg) — President Joe Biden said it’s the Federal Reserve’s job to rein in the fastest pace of inflation in decades, and supported the central bank’s plans to scale back monetary stimulus. “The critical job in making sure that the elevated prices don’t become entrenched […]
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