"I think the Chinese are willing to work with us despite some of their cheap shots in the aftermath of the Standard & Poor's decision" to downgrade the U.S. economy, says James Bacchus, chair of Greenberg Traurig LLP's global practice group. In this video interview with The Deal Pipeline, Bacchus, a former member of the U.S. House of Representatives and the Appellate Body of the World Trade Organization, discusses whether the U.S.'s recent debt ceiling deal will impact U.S. trade with China and the Asian superpower's own economic problems. - Sarah Hashim-Waris
Ken deRegt will retire as head of fixed income at Morgan Stanley and be replaced by Michael Heaney and Robert Rooney. For other updates launch today's Movers & shakers slideshow.