Tuesday's Headlines: Goldman Adds Oversight, But Leaves Management Alone

eFC logo

Goldman Sachs will address criticism that it put the its own interests ahead of its clients by introducing a 39-step "self-improvement" plan that adds layers of oversight while leaving top management intact. [FT]

Schroders continued its push into the U.S. intermediary market by expanding its team. [PR Newswire]

Barclays' Chief Executive Officer Robert Diamond told parliamentarians that he would "exercise restraint" on compensation, but wouldn't say whether he would forgo his bonus this year. [Bloomberg]

The UK's banks continue to move away from paying out millions in bonuses. [Bloomberg]

Morgan Stanley's head of sales and marketing for private wealth management in EMEA has resigned, resulting in a restructuring of its management ranks. [Financial News]

Northern Trust hired a top operations professional as part of its increased focus on post-trading business. [Reuters]