Hong Kong (Reuters) – New curbs on Wall Street banks will not force Morgan Stanley (MS.N: Quote, Profile, Research, Stock Buzz) from its real estate investing business, despite concern about how U.S. financial regulatory reform would affect it, an executive said on Tuesday.

Morgan Stanley Real Estate Chairman Owen Thomas told Reuters in an interview in his Hong Kong office that the Volcker rule — aimed at limiting banks’ ability to place trading bets that could put their capital at risk — will not preclude the firm from operating its real estate funds.

NEW YORK, Sept 16 (Reuters) – Morgan Stanley (MS.N: Quote, Profile, Research, Stock Buzz)
Executive Thomas Nides, who has a long history in politics, is
in discussions to join the U.S. Department of State, a person
familiar with the matter said.

Nides, who is Morgan Stanley’s chief administrative officer
and chief operating officer, is the leading candidate to
replace Jack Lew, who is departing as deputy secretary for
management and resources, the source said.

NEW YORK, Sept 10 (Reuters) – Goldman Sachs Group Inc
(GS.N: Quote, Profile, Research, Stock Buzz) named Jim O’Neill, a company veteran, chairman of its
asset management business.

O’Neill, who headed global economics, commodities and
strategy research, will work from London in a newly created
role. His responsibilities will help direct the asset
management unit and play a major role in setting global
investment direction.

NEW YORK/LONDON (Reuters) – Britain’s financial watchdog fined Goldman Sachs Group Inc 17.5 million pounds ($27 million) for failing to tell the regulator that it was the subject of a U.S. probe, reviving disclosure headaches for the Wall Street powerhouse.

The fine — one of the biggest ever imposed in Britain — stemmed from Goldman’s troubled Abacus mortgage-security product, which was the focus of an investigation by the U.S. Securities and Exchange Commission.

NEW YORK (Reuters) – A year after wading into the politically charged issue of banker bonuses, the U.S. Federal Reserve is still wrangling with banks about how broad its purview over pay should be.

Last fall, amid public anger over exorbitant pay packages at bailed-out firms, the Fed said it would police Wall Street pay to ensure it didn’t affect banks’ safety and soundness.

NEW YORK (Reuters) – A year after wading into the politically charged issue of banker bonuses, the Federal Reserve is still wrangling with banks about how broad its purview over pay should be.

Last fall, amid public anger over exorbitant pay packages at bailed-out firms, the Fed said it would police Wall Street pay to ensure it didn’t affect banks’ safety and soundness.

NEW YORK (Reuters) – Two former chief executives who were criticized during the financial crisis for driving their firms to the brink have found new homes.

Former American International Group Inc (AIG.N: Quote, Profile, Research, Stock Buzz) Chief Executive Martin Sullivan, who was ousted three months before the U.S. government bailed out AIG in 2008, is joining insurance broker Willis Group Holdings Plc (WSH.N: Quote, Profile, Research, Stock Buzz).

NEW YORK, Sept 8 (Reuters) – Members of Goldman Sachs Group
Inc’s (GS.N: Quote, Profile, Research, Stock Buzz) New York Principal Strategies team are in talks
with several groups, including KKR, Perella Weinberg, BlackRock
Inc (BLK.N: Quote, Profile, Research, Stock Buzz) and Carlyle Group [CYL.UL], to possibly join one of
the firms, a source familiar with the matter said.

Goldman’s proprietary trading desk has been in limbo as the
firm works to comply with the “Volcker rule,” which limits the
extent banks can bet with their own capital.

NEW YORK (Reuters) – Former AIG (AIG.N: Quote, Profile, Research, Stock Buzz) Chief Executive Martin Sullivan is getting another chance.

Sullivan, who was ousted three months before the U.S. government bailed out AIG in 2008, is joining Willis Group Holdings PLC (WSH.N: Quote, Profile, Research, Stock Buzz), the insurance broker said on Wednesday.

NEW YORK, Sept 8 (Reuters) – Former AIG (AIG.N: Quote, Profile, Research, Stock Buzz) Chief
Executive Officer Martin Sullivan is getting another chance.

Sullivan, who was ousted three months before the U.S.
government bailed the insurer out, is joining Willis Group
Holdings PLC (WSH.N: Quote, Profile, Research, Stock Buzz), the insurance broker said on Wednesday.