Gary Gross, an Orthodox Jewish broker who allegedly preyed on elderly members of his own Florida congregation, has been charged with fraud by the SEC for, among other things, selling his clients unsuitable investments.
Sallie Krawcheck, CEO of Citi’s global wealth management division, and once considered a potential successor to the CEO role, is leaving the firm. Her departure was announced internally to Citi employees this morning. A spokesperson for...
Morgan Stanley has held talks to sell up to a 49-percent stake to China’s sovereign wealth fund, China Investment Corp., which already owns a 9.9-percent stake in the firm, the Financial Times reported Thursday.