Credit Suisse Mulls Sale of U.S. Private Bank
U.S. wealth management business is estimated to have $115 billion in AUM and about 370 advisors.
Recruiting Roundup: UBS Adds $5B Team From JPMorgan, Advisor From Merrill
Meanwhile, Wells Fargo recruits JPMorgan rep, as Ameriprise picks up four ex-Wells FAs.
12 Best & Worst Broker-Dealers: Q2 Earnings, 2015
The financial sector boosted income 7% on average in the latest period as sales jumped 19% from a year ago.
DOL, SEC Enforcement: DOL Wins Settlement for Whistleblowers
Meanwhile, the SEC charged a former investment bank analyst who worked in JPMorgan’s San Francisco office with insider trading.
ABLE Act Passed, but Many Questions Remain
For states deciding whether to host or contract a qualified disability savings account program, there’s a lot to consider.
Credit Suisse to Shrink Investment Bank, Focus on Wealthy
Regulatory issues continue to plague some of the bank's operations, CEO Thiam says.
JPMorgan Profit Beats Analysts’ Estimates as Expenses Drop
The bank boosts net income despite a drop in revenue amid sluggish fixed-income trading.
Barclays CEO Change Seen Prompting Deeper Investment Bank Review
Chairman John McFarlane, taking over as interim CEO, has pledged to reallocate capital and prioritize investment in the bank's most profitable units.
Stifel Agrees to Buy Barclays’ U.S. Wealth Management Unit
The deal should add some 180 advisors to the company, which recently bought Sterne Agee.
HighTower Group to Target Athletes, Celebrities
Some advisors, though, say it's better to focus on pro athletes from a single sport rather than targeting all VIPs.