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Jim Rosenthal, the New Chief Operating Officer of Morgan Stanley

Jim Rosenthal, currently the head of technology at Morgan Stanley, has been appointed as its Chief Operating Officer. Jim Rosenthal has just been given the responsibility of overseeing all human…

BBVA Gains Joint Control of Garanti Bank for $5.8 Billion

Garanti Bank’s parent Dogus Group will now share control with Spanish bank BBVA after it purchased 24.9 per cent shares in Garanti Bank in a deal valued at $5.8bn. This…

Wall Street Firms Less Likely to Accelerate Bonus Payments

Compensations experts stated that large banks on Wall Street are not likely to accelerate bonus payouts, although doling out bonuses in  December might act as a tax-bill cutting action of…

Spending on Capital Equipment in the US Revives

Orders and spending for capital equipment in the US revived in August 2010, and was not as severely hit as predicted by economists. Though total orders declined by 1.3 percent,…