Sridhar Natarajan

Morgan Stanley’s James Gorman plans to step down as chief executive officer in the next 12 months and assume the role of executive chairman.

James Gorman said Friday that he will serve as executive chairman “for a period of time” after leaving the CEO post.

James Gorman, quien transformó Morgan Stanley después de que casi colapsara durante la crisis financiera mundial, planea dejar el cargo de director ejecutivo dentro del próximo año y asumir el puesto de presidente ejecutivo.

James Gorman’s plan to depart sets up a battle among three of the Wall Street giant’s top executives for his job.

A senior Goldman Sachs Group Inc. rates trader who shared a poignant note on confronting racism in the wake of George Floyd’s 2020 killing is leaving the Wall Street giant.

Dina Powell McCormick, who runs Goldman Sachs Group Inc.’s sovereign business, plans to leave to take a post at a merchant bank run by former partners of the Wall Street firm.

Goldman Sachs Group Inc. is considering another round of job cuts amid a muted dealmaking environment that has dented revenues across Wall Street.

Goldman Sachs Group Inc. está considerando otra ronda de despidos en medio de un débil entorno de operaciones que ha mermado los ingresos en Wall Street.

Morgan Stanley is betting its wealth-management juggernaut is only just getting started as it outlined a plan to nearly double profit from the business in coming years.

David Solomon, who already co-owned the New England property he once attended, purchased part of another last year where campers enjoy waffles, go-karts and—what else?—a DJ.