Senior industry executive poses the question after latest switch, this time in investment banking.
“We’ve done scores of theft cases over the years and it’s a cancer," said one attorney.
The latest hire at UBS boasts a bicoastal book, with clients across both Southern California and New York City.
The firm is bolstering its presence in Florida by adding a 12-person group managing $3.5 billion in assets.
The wirehouse is expanding its presence in New York City as it adds another high-net-worth pair to its bench.
Based in Texas, the two are starting their own practice, with one advisor’s father joining the team.
CEO says it's nothing new to be talking to regulators.
The Swiss Finance Minister wants systematically important lenders to have full capital backing against their foreign units.
Although departures of financial advisors may have slowed at certain large firms, that doesn't mean the problem's been squelched.
Net new assets for the wealth unit totaled $95 billion, higher than the two previous quarters combined.
Given strong US growth and sticky inflation, the Fed's next move could be to tighten again, pushing its benchmark rate as high as 6.5 percent.
South Florida-based advisor had been overseeing $105 million in client assets at Wells.
Six advisors break away from the wirehouse to launch a firm in Alabama.
'We’re back to more normal, or maybe slightly below normal, attrition levels across the [financial advisor] business, which is good,' says CEO Charles Scharf.
The firm’s private wealth unit is welcoming a team of former Goldman Sachs advisors in the Big Apple.
The SEC and other federal regulators are reportedly probing the banking giant over its anti-money-laundering and client vetting practices.
Advisor believes that market has an upward bias and that this is the best situation he’s seen in almost five decades
‘Save first and then establish ... lifestyle second,’ advisor tells her clients in the entertainment industry
The bank's shares fell on the news that the government wants systemically important Swiss banks to hold significantly more capital against foreign units.
Sergio Ermotti, who has been leading UBS' integration of Credit Suisse, was paid $16 million for his first nine months on the job.
