The head count reductions would be part of a renewed push to cut costs after the bank warned of a second-quarter loss.
CEO Charlie Scharf said in a memo that the bank would halt the use of diversity guidelines for hiring as it reviews the reports of fake interviews.
The crypto offering, still in its early development, could be available late this year or early next.
The tech giant is restructuring itself into three segments: Envestnet Solutions; Envestnet Data and Analytics; and Envestnet WealthTech.
The blockchain infrastructure company is launching a business aimed at introducing cryptocurrency across a broker-dealer's workforce of financial advisers.
Peer pressure is accomplishing what quota laws never could, anyway.
The effort is designed to address the growing prevalence of account takeover fraud.
The exodus from Wall Street, the City of London and Silicon Valley has picked up speed during the pandemic, according to data from a workplace intelligence company.
Samantha Trebesch previously led the firm's private client group strategy and planning team.
Catch up on the highlights from this week in fintech news.
The Biden administration is now saying upward pressure on prices could be the new reality, which has advisers getting more creative.
IronBridge Wealth Counsel, which has eight advisers, has offices in seven cities across the country.
Australian fintech Lumiant provides a digital client portal and engagement technology for advisers, and RIA Savant will be its first US customer.
Madison Avenue Securities didn't disclose or didn't adequately disclose conflicts associated with compensation the firm received from certain advisory client investments.
The company said the deal underscores its ongoing commitment to the retirement plan industry and to investing in technologies that enhance its 'financial wellness ecosystem.'
The tax implications of an IRA conversion are far from automatic and can be difficult to forecast this early in the year.
Leaders focused on business growth may not be thinking about the next unexpected disruption. That's where trusted advisers have an opportunity to bridge the gap.
The 5 cents remaining in an investment account triggered a lengthy back-and-forth between the adviser and his custodian.
New research reveals sharp generational differences as women double down on their philanthropic priorities.
Marc Korsch, who was booted from the securities industry last year, has a staggering 33 disclosure items on his BrokerCheck report.
