NEW YORK (Reuters) - Trading revenue at U.S. commercial banks fell 66 percent in the fourth quarter, the Office of the Comptroller of the Currency said on Friday, as uncertainty over pending derivatives legislation added to a seasonal slowdown in trading. Revenue fell to $1.9 billion from $5.7 billion in the third quarter as banks also adjusted the ...

NEW YORK (Reuters) - A Manhattan federal judge on Thursday barred the financial news service Theflyonthewall.com from issuing immediate news about analyst research from several Wall Street banks, often before recommendations are shared with clients. Ruling in favor of Bank of America Corp's Merrill Lynch unit, Barclays Plc and Morgan Stanley, U.S. District Judge Denise Cote said Theflyonthewall ...

NEW YORK (Reuters) - A former stock loan trader at Morgan Stanley and Bank of America Corp in New York received well over $100,000 of cash kickbacks by steering orders to other brokerage firms, the U.S. Securities and Exchange Commission said in a lawsuit filed on Tuesday. In a civil complaint filed in federal court in Brooklyn, New York ...

(Reuters) - Gary Shedlin, who was most recently chairman of Citigroup's <C.N> investment banking effort for financial institutions, focusing on client relationships, is departing to join Morgan Stanley <MS.N>, Bloomberg said citing a person with knowledge of the matter. Shedlin notified Citigroup of his plans recently, the person told Bloomberg. Shedlin had helped oversee ...