Morgan Stanley Expands Pay Clawbacks

Morgan Stanley, the investment bank that added clawback rules to compensation packages in 2008, expanded the types of pay that managers can be forced to return and the list of misconduct that might trigger a penalty.


Islamic Lending Grows as Western Banks Take Breather

In the first three months of 2012, $6 billion of sukuk were sold in the six countries of the Gulf Cooperation Council, approaching the total of $7.3 billion issued in the whole of 2011, according to data from the Dubai bank Emirates NBD.


Adding Fuel to Goldman Exec Greg Smith’s Fire

While I believe Smith should have been more pointed in directing his fire, for those impugning Mr. Smith, including new York City mayor Michael Bloomberg, I would offer that what Mr. Smith asserts is HIGHLY unlikely just a Goldman issue.


Jeremy Hill of JPMorgan in New York Dies at 43

A New Zealand native who lived in Manhattan, he served on the board of the SAMFund, a Boston-based nonprofit organization that provides grants to help young adults transition to life after cancer.


Wells Fargo plans to expand internationally

The bank, long known for its U.S. focus, will open corporate banking services in Britain, Germany, China, Singapore and Australia, according to the Financial Times as reported by Reuters.


JPMorgan Chase to build up to 200 branches in Florida

Since it’s the largest bank in the United States based on its $2.3 trillion in total assets, a lot of observers were watching and listening closely to what Chief Executive Officer Jamie Dimon and other executives had to say.


LPL scores former Merrill exec as CMO

Khoury brings years of experience developing and promoting the biggest brands in the financial services industry. At Merrill, she was senior vice president, strategic marketing and oversaw a 90-member team that developed award-winning marketing and brand