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The company and its global peers have seen their profitability hurt by half a decade of negative interest rates, which effectively make banks pay for holding clients’ cash.
September 9 -
The disease could lead to less lending business and more loan defaults; Sergio Ermotti will join the insurance company as chairman in 2021.
March 3 -
$13 billion deal will get Morgan Stanley "ready for prime time"; Ralph Hamers will replace Sergio Ermotti later this year.
February 20 -
Bank will have more business lines, all reporting to the CEO; a research paper says the accounting rule could result in eased capital rules.
February 12 -
Moynihan says the bank’s consumer market share could be doubled; retail terminals would connect customer’s hand print with their card information.
January 21 -
Marcus and the Apple credit card accounted for 3% of the bank’s profit in the first three quarters of 2019, despite a multibillion-dollar investment in consumer operations; the senator’s plan would make it easier to expunge debt.
January 8 -
The former House Financial Services Committee chairman follows other notable former officials who went to the think tank after government careers.
October 17 -
Harford was recently promoted to president of UBS Asset Management after a two-year stint as head of investments.
September 22 -
About 15% of the bank’s partners are likely to leave this year to make room for new ones; the bank said it is looking into why it charges some customers even after their accounts are closed.
September 5 -
The bank elevated three senior executives who could be possible successors to CEO Sergio Ermotti; the move to a new rate benchmark won’t trigger a “tax event.”
August 30