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Sallie Krawcheck, president of Bank of America Corp.'s global wealth division, told the company's brokers that she has no plans to leave and that there have been “zero discussions” about changing pay for Merrill Lynch financial advisers.
Several Morgan Stanley Smith Barney's top managers in New York have recently jumped to Bank of America Merrill Lynch.
The U.S. brokerage industry's top regulator, responding to yesterday's market plunge, said Wall Street needs to be more vigilant in halting stock bids during periods of cascading share prices
Peter Muller, who founded and leads Morgan Stanley's quantitative investment unit, bested 104 players last week to win the annual Wall Street Poker Night.
Longer-term Treasurys rose after the government sold $42 billion of two-year notes at the lowest yield on record as concern Europe's debt crisis is spreading boosted the refuge appeal of U.S. securities.
Rush to less-risky investments gores equity specialists and actively managed ETFs
The affluent are feeling as confident now about the economy and their investments as they did in December 2007
