BofA to Pay $16.65 Billion in Historic Mortgage Settlement
The deal includes $9.65 billion paid to various government agencies, including Justice and the SEC, and $7 billion for struggling homeowners.
New Hire Roundup: Women in ETFs Announces Board Members, Leaders
Also in new hires, FNEX has named Neal Wolkoff to its newly formed board of advisors.
Wells Fargo Names Digital Chief, Shares IT Growth Plans
Wells Fargo Advisors says it is “making its most significant technology investment in a decade.”
15 Biggest Political Donors in Financial Industry: 2014
Wall Street banks and financial trade groups have dished out $800 million during the current campaign cycle, Americans for Financial Reform says.
Raymond James Recruits 3 Wirehouse Teams, $875M in Client Assets
Meanwhile, Morgan Stanley and Merrill Lynch grab advisors from each other in the latest recruiting push.
12 Best & Worst Broker-Dealers: Q1 Earnings, 2014
This quarter saw surprising performance dips and peaks across the financial sector.
JPMorgan Pledges $20M for Veteran Initiatives
JPMorgan Chase has pledged $20 million over the next five years to go to employment, education and housing programs for veterans and their families.
Banks Deploy Drastic Strategies to Overcome International Challenges
Investors in international banking should keep informed, as many banks are reinventing themselves to keep up with a changing marketplace.
12 Best & Worst Broker-Dealers: Q4 Earnings, 2013
Some of Wall Street's major players haven't been able to turn their results around, but others are putting their troubles behind them.
John Mack: ‘Stop Beating Up on Lloyd and Jamie’
Former Morgan Stanley CEO talks to Bloomberg TV about Barclays' recently announced mass layoffs and whether CEOs, on and off Wall Street, are overpaid.