The flood of foreclosures that was expected after the 2008 credit crisis has failed to materialize, as the number of homes for sale has shrunk to the fewest in a decade.
Morgan Stanley CEO James Gorman called on the investment bank’s employees to pressure U.S. lawmakers into reaching an agreement that averts the so-called fiscal cliff.
A doctor who quit medicine to run high-flying health-care investment funds once owned by Morgan Stanley now sits in federal prison. Losing his mother may have played a role in his downfall.
Warren Buffett, the billionaire investor, said the ability of some of the highest earners to avoid federal taxes shows why laws should be changed so the wealthy pay more.
Elisse Walter, who has spent the past four years as SEC Chairman Mary Schapiro’s closest confidant and behind-the-scenes advisor, will soon step into the spotlight that she has mostly shunned in...
Bruce Berkowitz’s Fairholme Fund is poised to post its best year in a decade, led by the rebound of financial firms that fueled what he called a "horrible" 2011.
