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Meeting comes after Wall Street titan praised Donald Trump in Davos interview
...As Trump has pleaded for an extension, Letitia James, the New York attorney-general who brought the fraud suit, has hinted at seizing his assets, specifically mentioning 40 Wall Street, a tower that Trump...
...Additional reporting by James Fontanella-Khan...
Fund would get exclusive access to market-moving stories before they are published
...“As a result of strong net new asset growth, the firm has reached $7tn of client assets across wealth and investment management,” said chief executive Ted Pick, who took over from James Gorman at the start...
...The quarter was the first under Pick, whose background in investment banking and trading contrasts with predecessor James Gorman’s years in wealth management....
...Growth in wealth management was a centrepiece of James Gorman’s tenure as chief executive, with the business growing to more than $5tn in assets, aided by the acquisitions of online trading platform ETrade...
...Finally, James could grant Trump an extension....
Trump’s former Treasury secretary has seized a chance to replicate his lucrative IndyMac deal
...Morgan Stanley paid James Gorman $37mn in 2023 for his final 12 months as chief executive of the Wall Street bank, a 17.5 per cent increase from the prior year despite the bank’s lower profits....
...In November, Disney named two new directors — former Morgan Stanley chair and chief executive James Gorman and Sir Jeremy Darroch, the former group chief executive of British pay-TV and broadband company...
...The clock is running down on a 30-day grace period that Letitia James, the attorney-general, offered Trump after a New York judge last month ordered him to pay $464mn, including interest, for fraudulently...
Pay, appointments and exits revive tensions over chief who seemed to have strengthened his position
Takeover set to unite two of the US’s largest credit card companies and reshape industry
...As James documented in her fraud lawsuit, the Trump Organization’s valuations for 40 Wall Street would escalate wildly in the ensuing years....
Bank’s Discover Financial takeover proposal faces an ‘aggressive sheriff’ in US antitrust regulators
...“With management effectively calling the bottom, perhaps now is the moment to invest,” Peel Hunt analyst James Carswell said....
...The lay-offs, which were reported earlier by the Wall Street Journal, come just weeks into Pick’s tenure as CEO after he took over in January from longtime boss James Gorman....
...The former president railed against James, a Democrat, and portrayed the case as a politically motivated witch hunt....
...James Seppala, head of European real estate at Blackstone, said the deal “demonstrates exceptional investor demand for high-quality real estate in the strongest markets”....
...James Gorman, who stepped down as chief executive of Morgan Stanley at the start of 2024, was paid $37mn, up 17.5 per cent year on year. Goldman lifted David Solomon’s pay by 24 per cent to $31mn....
...JPMorgan’s Jamie Dimon, whose bank reported record profits for 2023, had his pay rise about 4 per cent to $36mn, while Morgan Stanley’s James Gorman, who stepped down as CEO at the start of 2024, was paid...
...Judge Arthur Engoron made his determination following a civil fraud trial in which lawyers for New York attorney-general Letitia James detailed numerous instances in which the Trumps vastly overstated the...
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