| Executive pay (at FT.com) Bankers continue to catch flak for the team. Lloyd Blankfein, the chief executive of Goldman Sachs , may have picked up a mere $9m bonus rather than the nine-digit one some had expected, but the financial sector's excesses as a whole have allowed bosses in other sectors to escape the populist backlash. us.rd.yahoo.com |
Providence to push ahead with Kabel IPO (at FT.com) Providence Equity, the US private equity group, has rejected several takeover offers from rival buy-out groups for Kabel Deutschland, opting to push ahead with a planned initial public offering of Germany's biggest cable company. us.rd.yahoo.com |
Morgan Stanley spent $810,000 to lobby gov't in 1Q (AP) Morgan Stanley spent $810,000 to lobby the government during the first quarter on issues tied to reforming financial regulations, trade relationships and tax financial investments. us.rd.yahoo.com |
Morgan Stanley lifted by new business (Reuters) Morgan Stanley reported higher-than-expected second-quarter profit as an expanded stable of traders helped it win new business, sending its shares up 9.4 percent. us.rd.yahoo.com |
Morgan Stanley bows to Volcker (at Fortune) Two weeks after it took effect, the Volcker rule is already sweeping Wall Street. Morgan Stanley is planning to reduce its stake in the FrontPoint Partners hedge fund it bought four years ago, the Wall Street Journal reported. us.rd.yahoo.com |