May 2, 2012

UBS Wealth Management inflows top estimates, shares climb

UBS Wealth Management attracted more funds from wealthy clients in the first quarter than analysts estimated

• private banking,
• UBS Wealth Management

May 1, 2012

Four firms to pay $9M for selling too-risky ETFs

By Liz Skinner

Finra levies fines against Citi, Morgan Stanley, UBS and Wells Fargo

• Citigroup Inc.,
• Financial Industry Regulatory Authority (FINRA),
• legislation and regulation,
• Morgan Stanley & Co.,
• UBS AG,
• Wells Fargo & Co.

May 1, 2012

JPMorgan: Deficit reduction in ‘teeth of recession' doesn't work

By David Kelly

Last week provided fresh evidence of the impotence of monetary policy in promoting growth in a low inflation environment. While the Fed's two-day meeting ended with no expectation of further quantitative easing, Friday's GDP report, featuring weaker-than-expected readings on investment spending,...

• JPMorgan Chase & Co.,
• markets

April 27, 2012

Ron Carson: I got the Muppet treatment from Goldman

By Bruce Kelly

Well-known wealth manager Ron Carson claims he recently got a first-hand look at how Wall Street treats clients. He wasn't impressed.

• Goldman Sachs & Co.,
• private banking

April 22, 2012

Goldman likes stocks, but Morgan Stanley senses danger

By Bloomberg News

Treasury yields below zero on an inflation-adjusted basis for only the second time since Dwight D. Eisenhower's presidency have split Wall Street's biggest firms, underscoring the relative-value dilemma that equity investors face following the biggest first-quarter rally in 14 years....

• economy / economics,
• equities,
• Goldman Sachs & Co.,
• Morgan Stanley & Co.

April 19, 2012

MSSB's margins still somewhat marginal

Brokerage generated 11% profit margin in Q1, still well below its stated goal; more work ahead

• broker-dealers,
• Morgan Stanley & Co.,
• Morgan Stanley Smith Barney (MSSB),
• wirehouses

April 13, 2012

Cohan: Forget Macau, Wall Street's where the biggest casinos are

(Courtesy: Bloomberg Television. William Cohan is a Bloomberg View columnist. The opinions expressed are his own. )...

• broker-dealers,
• Goldman Sachs & Co.,
• JPMorgan Chase & Co.,
• wirehouses

April 12, 2012

Goldman Sachs to pay $22M to settle analyst huddle claims

Goldman Sachs failed to implement policies to keep its stock analysts from tipping select clients about upcoming research changes, SEC says.

• Goldman Sachs & Co.,
• legislation and regulation,
• Securities and Exchange Commission (SEC)

April 5, 2012

Zero interest: Fifth Third exiting the money-fund business

By Jason Kephart

Fifth Third Bancorp announced on Thursday that it is selling its money-market fund operations. Given that scale is crucial in a business currently crimped by low-interest rates and a regulatory clampdown, you can bet more regional banks will follow suit.

• banking,
• Federated Investors Inc.,
• money market funds

April 4, 2012

Regions Financial repays $3.5B U.S. taxpayer bailout

Company sold $900 million of stock and its Morgan Keegan brokerage for about $1.2 billion to help repay the bailout

• banking,
• independent broker-dealers