In a letter to UBS staff and shareholders, Knight Vinke said the bank should split up its investment bank and wealth management units.
Former regional director replaces Chandler, who will run wealth management.
Bank analyst sees wirehouses as big winners in wealth-management industry recovery. Light at the end of the tunnel?
Focus on wealth and asset management paying off as revamp from capital-heavy activities accelerates.
Famed investor likes bullion -- if it falls to $1,300; commodity yet to set a 'proper bottom
Adviser recommends that clients have 5% to 10% allocated to the precious metal
Mixed signals from global economic uncertainty, currency war.
An adviser building an equity portfolio is very likely doing so around global benchmark indexes such as the S&P 500 or the MSCI EAFE, but according to American Funds, there is a better way.
But financial advisers warn such moves could cost you more
New data indicates more Americans are deciding that the cost of hanging on to U.S. citizenship is too much of a tax burden.
Stock market gains account for much of the rise but advisers doing their part too.
A powerful shareholder thinks UBS should hive off its investment bank. Given the recent stellar performance of the company's wealth management business, this isn't such a whacky idea.
Pickup in hiring, drop in jobless rate pushes stocks to record high ground — and Treasuries down.
Years of quantitative easing will have an effect; many prices already rising.
Parent earnings miss estimates and stock takes a hit
Armstrong raked in an estimated $218M from cycling, endorsements; 'like an atomic bomb'
Prices are at a one month high, with CNBC's Sharon Epperson and Helima Croft of Barclays
Reaction to documentary split along party lines -- rep or fiduciary.
