Barclays may not pick its next chief executive until early next year, potentially leaving new Chairman John McFarlane in charge for at least eight mon(...)

Morgan Stanley reported a surprise 9 per cent increase in fixed-income trading revenue. Photograph: Reuters/Mike Blake

Morgan Stanley posted a jump in first-quarter trading revenue while Goldman Sachs’s dropped, the first such divergence in two years. Mor(...)

Colm Kelleher: credited with being part of the team that saved Morgan Stanley during the global financial crisis. Photograph: Peter Foley/Bloomberg

The Irish-born head of Morgan Stanley’s investment banking division Colm Kelleher rec(...)