Finance

James Gorman talks Disney succession, proxy fight as he gears up to join board

Morgan Stanley CEO James Gorman said Thursday that he’s gearing up to join a succession planning committee at Disney, which…

Coinbase secures crypto license in France, pushing deeper in Europe amid rift with the SEC

Cryptocurrency exchange Coinbase secured registration with the French markets regulator, a company spokesperson confirmed Thursday, paving the way for the…

UK and Switzerland sign post-Brexit financial services deal

LONDON — The U.K. and Switzerland on Thursday signed a post-Brexit financial services deal designed to bring two of Europe’s…

Citigroup to close global distressed-debt business as part of CEO Jane Fraser’s overhaul

Citigroup is shuttering another Wall Street business as CEO Jane Fraser pushes ahead with her overhaul of the bank, CNBC…

Annuity sales are on track for a record year. Here’s what to know before buying

Consumers pumped record money into annuities in 2023, on the back of higher interest rates and anxiety about the stock…