James Iannazzo, who lost his job at Merrill after a tirade at a smoothie shop, will have the charges against him dismissed after a year under supervision.
Fears of quickening inflation, a cut in Russian gas supply to Poland and Bulgaria and a red-hot Australian inflation print fueling expectations that the rout may continue.
The online brokerage, which has racked up more than $2 billion of losses since its IPO, had about 3,800 employees at the end of last year.
Hwang and CFO Patrick Halligan were arrested early Wednesday and charged with fraud.
A UBS analysis shows April is set to see the largest crypto-ETF outflows on record, with investors having pulled more than $417 million so far this month.
The product will allow 401(k) participants to invest a portion of their savings in Bitcoin; employers that offer the option will decide what percentage of an employee's account can be directed into crypto.
The wirehouse's Global Wealth Management Americas group reported $12 billion in net new fee-generating assets in the first quarter.
Earlier resistance could impede Wall Street’s latest efforts to stay competitive, just as regulatory uncertainty and internal compliance cloud expansion plans.
Investors struggle to find havens amid fears of a recession and aggressive tightening by the Federal Reserve.
The Labor Department gave the Swiss bank's affiliates a one-year extension of a key designation that allows them to manage U.S. pension funds, but says it will look at whether to revoke that due to the bank's misconduct.
