Michael J. Moore

In rare move, passed-up Saperstein to stay on as head of wealth and asset management.

The German bank has faced questions and criticism in recent years about its internal controls.

Morgan Stanley is asking employees to give up their right to sue the firm in class actions for civil rights violations including discrimination based on race, gender or age, according to a former employee's lawsuit.

Jonathan Pruzan is expected to replace Ruth Porat as CFO next month, five years after succeeding her at an investment banking unit that serves other banks.

"I’m delighted to be returning to my California roots and joining Google," Porat said of her move back home to Silicon Valley.

Ted Cruz's wife Heidi is taking an unpaid leave to join the campaign of the Republican presidential candidate.

The firm agreed to pay $2.6 billion to settle probes into its creation and sale of residential mortgage-backed securities.

A fired Morgan Stanley financial advisor accused of stealing client data never intended to sell the information and "is extremely sorry for his conduct," his lawyer said.

Deutsche Bank AG, the German lender that has pledged to improve controls after criticism from regulators, hired Elizabeth J. Ford from Goldman Sachs Group Inc. as head of compliance for the Americas.

Morgan Stanley will swallow some losses incurred by customers who bought mutual funds after the bank failed to make the fund prospectuses accessible online.

A new generation of Wall Street bankers is about to get a raise, as firms open wallets to head off defections to investment funds and Silicon Valley.

Morgan Stanley agreed to pay $275 million to resolve a U.S. regulator’s claim the company misled investors in the sale of more than $2.5 billion of bonds backed by home loans.

After the Federal Reserve Bank of New York was said to have faulted the regulatory reports of some of the firm’s U.S. businesses last year, the bank dropped in Frankfurt trading.

UBS, Switzerland’s biggest bank, named former U.S. Senator George Mitchell chairman of a new advisory council for the firm’s business in the Americas.

Morgan Stanley will boost profitability as it pays brokers a smaller cut of revenue and the firm’s commodities business earns better returns following sales of two units, CEO James Gorman said.

Bank of America, which last month won approval to lift its dividend for the first time since the financial crisis, said it will suspend that increase and $4 billion of planned buybacks because of an error in its capital planning.

Wealthy investors remain bullish on the investing environment in 2014 and see the U.S. as the best place to put their money, according to a survey released today by Morgan Stanley.

The IRS has released guidance on issuing tax refunds to same-sex married couples in the wake of the Supreme Court’s decision striking down the Defense of Marriage Act.

Morgan Stanley and Goldman Sachs Group Inc. led Wall Street banks in posting a collective 42% increase in equities-trading revenue in the second quarter, the largest jump in more than three years.

Morgan Stanley, owner of the world’s largest brokerage, reported a 66% earnings increase that beat analysts’ estimates as trading revenue jumped and wealth- management profit margins climbed.