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HomeAll newsMost read newsBusiness Leaders Biography
Age : 60
Public asset : 81,096,545 USD
Linked companies : Morgan Stanley
Biography : James Patrick Gorman is a businessperson who has been the head of 5 different companies and presentl

News Highlights: Top Financial Services News of the Day

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01/21/2020 | 12:16am EST
Bank of Canada to Leave Key Interest Rate Unchanged This Week: Survey 

Canadian policy makers are signaling no immediate intent to ease their interest-rate stance despite broad-based weakness in the fourth quarter.

Cash, Plastic or Hand? Amazon Envisions Paying With a Wave 

The tech giant is creating checkout terminals that could be placed in stores and allow shoppers to link their card information to their hands.

China Leaves Benchmark Lending Rates Unchanged for Second Month 

China's benchmark lending rates for short- and long-term loans were left unchanged in January for the second straight month, after the central bank held a medium-term lending facility rate steady earlier this month.

Global Banks Rush Back Into Repo Markets 

Increased dependence on short-term market funding comes as growth among the main shadow-banking funding sources has slowed.

Morgan Stanley Cuts CEO James Gorman's Bonus 

Morgan Stanley paid its chief executive, James Gorman, $27 million for his work in 2019, a pay cut for a year when the bank's revenue hit a record but its shares lagged behind those of rivals.

Morgan Stanley's Stock Hasn't Kept Pace With Record Profits 

Morgan Stanley reported record revenue and profit for 2019 and the stock Thursday had it biggest gain in three years. But for some long-term shareholders, that isn't enough.

Lawmakers Call for Investigation of Fintech Firm Yodlee's Data Selling 

Yodlee might be selling consumers' personal financial data without proper consent, three lawmakers said in a letter to the Federal Trade Commission.

Fed's Harker: Data Will Determine Course of Interest Rate Policy 

The Philadelphia Fed's president says the U.S. economy is in good shape right now, adding that how the economic data come in will drive what central bank officials do with interest-rate policy.

Fed Adds $52.6 Billion To Markets 

As the Federal Reserve added $52.6 billion in short-term liquidity to the financial system Friday to aid money markets, central bank officials debated the program that has been in place since September.

Trust Banks Have a Need for Spend 

Core total revenue was stable at both State Street and Bank of New York Mellon in the fourth quarter, but the big difference was the expense outlook.

Stocks mentioned in the article
ChangeLast1st jan.
BANK OF NEW YORK MELLON CORPORATION (THE) -1.72% 45.04 Delayed Quote.-10.51%
MORGAN STANLEY -2.47% 52.42 Delayed Quote.2.54%
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