Sloan Stepping Down as Wells Fargo CEO Isn't a Surprise, RBC's Cassidy Says

What was a significant factor leading to Tim Sloan's resignation from Wells Fargo?

• Criticism from major regulators

• Support from the Federal Reserve

• A successful testimony in front of the Finance House committee

• Positive investor feedback

What was unexpected about Com Kelleher's resignation from Morgan Stanley?

• It was anticipated by most investors

• It was a planned transition

• It came as a surprise to some

• It was due to regulatory pressure

What is a key difference between the resignations at Wells Fargo and Morgan Stanley?

• Wells Fargo's was more dramatic

• Both were planned transitions

• Morgan Stanley's was due to financial losses

• Both were due to regulatory criticism

How has Morgan Stanley strengthened its position post-financial crisis?

• By reducing its workforce

• By increasing reliance on capital markets

• By focusing solely on trading

• By expanding into wealth and asset management

What aspect of Morgan Stanley's strategy has been particularly beneficial?

• Reduction in business mix

• Diversification into wealth management

• Focus on capital markets

• Increased trading activities