Morgan Stanley rose the most in more than two years in New York trading after reporting a second- quarter loss that was smaller than analysts estimated and the only gain in trading revenue among major U.S. banks.
Vikram Pandit, who oversaw Citigroup Inc.’s recovery with the help of a $45 billion government bailout, faces a profit squeeze as he adds staff and branches outside the U.S. amid a global economic slump.
David A. Viniar, the finance and risk-management overseer who some investors deem more essential to Goldman Sachs Group Inc. than Lloyd C. Blankfein, may not be replaceable. At least not by one person.
Goldman Sachs Group Inc. directors converge on India this week for their first meeting in the nation, where economic growth is headed for a three-year-low and the pace of reforms has disappointed the firm’s analysts.