Displaying 114 results
Wachovia reshuffles Northeast unit
The firm has installed two Bank of New York Mellon veterans in leadership positions.
Gallatin Asset Management chief departs, adding to defector list
Mark Keller, former president and chief investment officer at Gallatin Asset Management Inc., a unit of A.G. Edwards, has left the firm, adding to the growing list of defectors since the merger between A.G. Edwards & Sons Inc. and Wachovia Securities LLC.
Fate of book rests on coin toss
When they started their partnership in 1990 at Morgan Stanley, brokers Gerald P. Kessler and Paul S. Baker probably never imagined that the dissolution of their book of business — $470 million in assets, producing an estimated $3 million a year in fees and commissions — would hinge on a coin toss.
Edwards reps pan Wachovia cash sweep plan
Wachovia Securities has had to soothe ruffled feathers among its A.G. Edwards brokers over its imposition of tiered interest rates on Edwards' bank deposit sweep program.
A.G. Edwards chairman Bagby bows out early
Former chief executive Robert Bagby has retired in the face of intense animosity from many A.G. Edwards & Sons Inc. employees.
Stifel continues to build presence in Western states
Stifel Nicolaus & Co. Inc. is quickly building up a presence in Western states by picking off former A.G. Edwards & Sons Inc. brokers.
Bagby retires from A.G. Edwards
Former chief executive Robert Bagby has retired in the face of intense animosity from many A.G. Edwards employees.
Wachovia splits chairman, CEO roles
Ken Thompson has been relieved of his role as chairman and will now run the day-to-day operations of the firm.
Brokerage firms struggle to finance auction-rate loans
Brokerage firms are struggling to finance loans to investors in auction-rate securities who can't get out of their now-illiquid holdings.
Wachovia embroiled in drug case
The firm is under scrutiny for its involvement with Colombian and Mexican money-changing establishments.
Auction rate securities class actions are filed
A spate of class actions involving auction rate securities may be behind an expected rise in securities class actions this year.
Edwards investment gurus take over at Wachovia
A.G. Edwards investment gurus have taken over the internal investment and analysis jobs at Wachovia Securities LLC after the departure this month of Wachovia's chief investment strategist, chief investment officer and chief equity analyst.
Deep job cuts for Wachovia
The 12% workforce reduction appears to represent the deepest retreat by any bank so far.
Wachovia in the red for first quarter
Wachovia posted a loss on write-downs, pushing the bank to raise $7 billion and slash dividends.
Ex-Wachovia execs form new firm
Wachovia's chief investment strategist, CIO and chief equity strategist have joined Riverfront Investment Group.
Wachovia’s market gurus expected to leave
Wachovia Securities' top market gurus are expected to leave the firm shortly and start their own investment advisory shop.
Morgan Stanley streamlines retail management
Morgan Stanley & Co. Inc. of New York is cutting its four retail divisions down to two, creating a South/West division and a Northeast/Central division.
Analyst: Merrill most primed for fall
After the collapse of Bear Stearns one financial analyst says Merrill Lynch & Co. is most at risk to fall, according to published reports.
Ex-A.G. Edwards trader sentenced to 3 years
A stock-loan trader formerly with A.G. Edwards, a unit of Wachovia, was sentenced to three years in prison and a $900,000 fine for defrauding his former employer, according to Reuters.
Hedge fund sues Wachovia and Citigroup
The suits were filed in U.S District Court in Manhattan by the $58 million VCG Special Opportunities Master Fund.
