The bank has swiped three private banking veterans from BNY as the city climbs the ranks of America's fastest-growing wealth hubs.
Employee accounts, crypto trials and job cuts frame a pivotal year for the Swiss lender.
Brokerage Oppenheimer has downgraded major U.S. investment banks including Goldman Sachs and Morgan Stanley, according to a report
Regulators found Bank of America's monitoring software had a known flaw Merrill left uncorrected for years.
For years, large firms have been facing penalties and questions from regulators over interest rates for clients’ cash accounts.
After years of mixed signals and shifting timelines from Jamie Dimon, Wall Street sources suggest the race to lead JPMorgan Chase has entered its decisive stretch.
Meanwhile, Wells Fargo hauled advisors overseeing $825 million in the West Coast, while Wedbush has welcomed a seasoned professional from Stifel in California.
Firm believes that delivering advice locally is key to expanding financial health.
New appointments are now in line for the top job and have received $30M retention bonuses.
Also, a Fidelity veteran goes indie with Osaic OSJ Innovative Financial Group, and Citizens welcomes a sports and entertainment-focused trio previously overseeing $800 million from Morgan Stanley.
The latest father-son additions at Merill include a tandem originally with Wells Fargo and an Iowa-based trio that crossed over from Baird.
Vince La Padula
The independent brokerage giant welcomes a wealth planning team from Mass Mutual, while UBS reels in a Philadelphia-based endowment specialist.
Wirehouse vets target founders navigating liquidity events with a new fiduciary firm in San Francisco.
Two of Wall Street's most vocal opponents of remote work are bending their own rules for the tournament.
Liquidity risk overtakes access as the top concern for E&Fs as private markets dominate portfolios.
The investment banking arm of RBC is ramping up its hiring across the U.S., Canada, and Europe.
Merrill has also extended its ranks in California with a $450 million team from Morgan Stanley, while Raymond James adds a seasoned Edward Jones advisor to its independent channel.
Plus, Well Fargo hails May recruitment haul totaling more than $3 billion in assets, while UBS recruits a top advisor and women's champion from Lazard.
Financial advice firms continue to shed employees, often a way to reduce costs.
