http://co-plan.net Economic Outlooks |Stock Market |Financial |Earnings |World Market Wed, 08 Feb 2012 13:31:19 +0000 http://wordpress.org/?v=2.8.6 en hourly 1 http://co-plan.net/bankers-still-rake-in-the-billions/ http://co-plan.net/bankers-still-rake-in-the-billions/#comments Fri, 22 Jan 2010 12:59:49 +0000 admin http://co-plan.net/?p=187 Banking giant Morgan Stanley, employer of 6000 staff in the UK, put aside $14.4bn for staff benefits and compensation in 2009, an increase of 31%. The firm posted annual profits of $1.3bn in the 12 months to December 31, from a loss of $246m in 2008.
Chief executive James Gorman said employees had “delivered substantially improved financial performance”. Meanwhile, bank of America Merrill Lynch reported full-year losses of £1.4bn after it repaid the US government’s £27.6bn bail-out. It has set aside £29.9bn to cover bad loans.

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