AIG wants to sell a portfolio of life settlements that would pay out when sick or elderly customers die.
Lloyd Blankfein takes the lead among major banks in criticizing the action.
Banks face a brain drain that can only be solved by radically shifting their cultures.
Morgan Stanley's profit doubled in the fourth quarter as trading activity surged across Wall Street.
Banks have spent billions on reforms that could be scrapped after Donald Trump's win.
Morgan Stanley, JPMorgan Chase & Co. and HSBC are bracing for potential tumult in financial markets.
The fund is the newest entry in a small genre that seeks to copy hedge fund managers' stock picks.
Jamie Dimon is part of a small group that refuses to say anything substantive in an email, text or chat.
Morgan Stanley says it will allow its wealth management clients to choose the way they pay the firm for retirement accounts.
CEO Gorman said the firm will announce how its wealth management business will comply.
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