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Stock impact report

Goldman Sachs stock trading chief Russo is leaving the bank as incoming CEO Solomon looks to his inner circle (GS) [The Business Insider]

Morgan Stanley (MS) 
Last morgan stanley earnings: 4/16 07:15 am Check Earnings Report
US:NYSE Investor Relations: morganstanley.com/about-us-ir
Goldman Sachs' equities chief Paul Russo, who has run the business since 2012, is leaving the firm. The departure comes as incoming CEO David Solomon puts his own leadership team at the top of the bank. Goldman's equity trading revenue lagged behind peers during the second quarter. Goldman Sachs' equities chief Paul Russo is leaving the bank, according to a source familiar with the matter, as incoming CEO David Solomon looks to put his own leadership team at the top of the Wall Street firm. Russo, who has worked at Goldman his entire career, exits as the firm's equities division has lagged peers and the bank has given up market share to rival firms like Morgan Stanley. During the second quarter, most big banks showed strong results in equities but Goldman posted a flat performance relative to the prior year . The business represents one of the biggest challenges facing Solomon . Once Russo departs, Goldman is likely to elevate trading executi Show less Read more
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