For more, i want to bring in Stephanie Ruhle. Tell me what is out for you . I am broking hearted. Im standing youre thinking youre talking about me. Clearly, Morgan Stanley is having a big morning. Trading revenues and fixed. Ncome are less than expected big drop. Not as well as they did last year were last quarter. It is better than we thought from citibank, 12 down. It was only eight percent. He is optimizing his trading assets. In this environment, they are chugging on. James forman has a consulting background and not a banking background. He beefed up his management business, banking did well, equities are outperforming goldman. Morgan stanley was in the gold room and they are making a comeback. Class of all the major wall street firms being reported, whats your big take away . Slow and steady there it anyone who thinks they will have a booming and amazing year, it is not happening or it when Morgan Stanley performs any look at the numbers, it is somewhat surprising, the revenue nu
To protect the investors . Yes. Arent they charged with informing investors . Yes. Why didnt they do it . Welcome to 60 minutes on cnbc. Im bob simon. Even though fraud played a significant role in the 2008 meltdown of the american economy, as of late 2012, there have been several civil suits filed against major wall street financial firms, but not a single criminal prosecution. In this edition, we look back at the 2008 financial crisis and the failure of government regulators to prosecute those who might be criminally responsible. Later, Lehman Brothers bankruptcy investigator Anton Valukas shares his findings on the collapse of the giant Investment Bank where no senior official has ever faced charges in the biggest bankruptcy in u. S. History. But first we begin with a ninemonth 60 minutes investigation looking for wall street cases that might have prosecutorial merit. In december 2011, steve kroft reported on two such cases. We begin with a woman named Eileen Foster, a former Senior
The family story reads like something a wine critic might write about their product complex, stylish, sophisticated, with a bouquet both elegant and earthy. [glasses clinking] [ticking] were about as far away from home as you can get. Were basically at the edge of the earth as we would know it. Only a handful of humans are known to have walked this ground. [whistling] we were in the very place where Bruce Beehler and other scientists had discovered dozens of new species. Thats the wattled smokey honey eater. Watch out here. Bruce was on march to find what are called birds of paradise. [bird hooting] can you see them, bob . And then we saw it. What happened next was otherworldly. [bird hooting] welcome to 60 minutes on cnbc. Im morley safer. In this edition, we take a global adventure with stops in mozambique to see greg carrs efforts to restore gorongosa Gorongosa National park, and in italy, to meet wine royalty the antinori family. We also journey to the Foja Mountains in indonesia t
To protect the investors . Yes. Arent they charged with informing investors . Yes. Why didnt they do it . Welcome to 60 minutes on cnbc. Im bob simon. Even though fraud played a significant role in the 2008 meltdown of the american economy, as of late 2012, there have been several civil suits filed against major wall street financial firms, but not a single criminal prosecution. In this edition, we look back at the 2008 financial crisis and the failure of government regulators to prosecute those who might be criminally responsible. Later, Lehman Brothers bankruptcy investigator Anton Valukas shares his findings on the collapse of the giant Investment Bank where no senior official has ever faced charges in the biggest bankruptcy in u. S. History. But first we begin with a ninemonth 60 minutes investigation looking for wall street cases that might have prosecutorial merit. In december 2011, steve kroft reported on two such cases. We begin with a woman named Eileen Foster, a former Senior
Thank you, mr. Chairman. Ms. Barra youve mentioned several times in your comments todays gm. So my assumption is that you are going to run gm in a different manner than it has been run in the past . And that thats correct. And you are making some changes. I want to ask you just a little bit about time line. Helping us to get our hands around this because this is the first investigation were going to do. Were going to have others. And continue to look at this to get answers and figure out what has happened here between you all and nhtsa, and also within what happened at gm. So you mentioned in your testimony that this came to light on your watch. So i am assuming that there was no widespread knowledge in gm about this issue until you became ceo. Am i correct on that . At the senior level of the company, we learned of this after the recall decision was made on january 31st. I was aware in lace debtber december there was analysis going on cobalt issue. But as soon as we understood the Sen