More job cuts to come, meanwhile JPMorgan is hiring.
Merrill Lynch client balances grow 8.4% year-over-year to surpass $3 trillion in the second quarter.
The wealth management division's a ray of light for Morgan Stanley.
It's not clear what type of employees were laid off, but one industry executive says big firms are rethinking the hiring of administrative assistants.
Along with net interest income, the bank’s total client assets also grew.
Bank's net interest income soars on back of Fed rate hikes.
Rivals have poached dozens of senior Credit Suisse investment bankers in recent months, reducing the need for big redundancy packages for UBS.
The big wealth manager palms off 'low value' clients in Australia.
Broomall, Pennsylvania-based David W. Rodgers moves for “breadth and depth of services.”
According to the SEC and Finra, for years Merrill botched the reporting threshold for potential suspicious transactions.
The bureau will keep $90 million, with the rest going to consumers, Office of the Comptroller of the Currency.
Morgan Stanley and JPMorgan seize the initiative, while smaller firms grapple with a lack of standardized data.
Lawyer claims award was a 'poor decision' and should have been bigger.
Managing partner at Keybridge Wealth Management says team will now have 'complete freedom to advise clients.'
A Chinese fintech company executive, inside information about Morgan Stanley deals and six-figure illicit profits.
Wealth management boss on shortlist of three to replace outgoing Aussie.
James Iannazzo made cash transactions totaling close to $846,000 to avoid detection, the regulator alleges.
Banks, traders and support staff in Credit Suisse's investment bank in London, New York and some parts of Asia are expected to bear the brunt of the cuts.
The Federal Reserve’s fine over Archegos may be as high as $300 million, while the UK’s Prudential Regulation Authority could impose a penalty of up to $128 million.
Christopher Coffin is opening a new firm, Coffin Financial Group, in Austin, Texas.
