Wells Fargo Advisors, UBS, MSSB and Merrill Lynch made personnel changes this week
The financial regulatory reform legislation sought by the Obama administration, mired just weeks ago in a partisan congressional logjam, is likely to be passed by early summer, with major implications for the securities industry, a leading industry lobbyist said last week.
Financiers and economists are downright gloomy at the Milken conference
The Charles Schwab Corp. — in a bid to attract more trades from customers who use deep-discount brokerages…
Regional brokerage firms and some independent investment advisers have been making hay hiring hundreds of discontented wirehouse brokers.
Stifel Financial Corp., which has been expanding its Stifel Nicolaus & Co. retail- brokerage business aggressively, is about to make a push into serving registered investment advisers.
Fred C.C. “Corky” Crozier, the former head of private client services at Deutsche Bank's U.S. brokerage unit, has returned to the firm as a managing director and adviser in its Baltimore office.
Wells Fargo & Co. said last week that its first-quarter profit fell 16% to $2.55 billion from a year earlier as the bank dealt with continuing losses on consumer loans.
The number of new $250,000-plus accounts jumped in the first quarter of the year
Morgan Stanley will continue to cut branches in the United States as it integrates its overlapping outposts with Smith Barney, but hopes to expand in the rapidly growing overseas market.
