New Hire Roundup: Armstrong Named Wealth Dynamics Coach at Ascent
This week in new hires, Helen Zhou became managing director of private banking for the Private Client Reserve of U.S. Bank in San Francisco, and Ryan Kaufman has become a registered representative with Securities America.
Famed Bear David Rosenberg Turning Bull
Rosenberg wrote commentary this week titled “Parting of the Clouds?” that’s causing quite a stir.
New Hire Roundup: At FDIC, Gruenberg Takes Helm From Bair; Bostrom Goes to SNR Denton
Also, this week in new hires, Lennon and Rappa join DC team, Unger to head plan sponsor sales at Russell; Grandeur Peak launched; Penn Mutual advances Flannery.
Schwab Sues BofA's Merrill, UBS and Bear Stearns over MBS Sales
Suit alleges banks lied or omitted critical information
McCann, BofA in Legal Dispute
Lawyers for Bank of America and former Merrill Lynch & Co brokerage chief Robert McCann have reportedly been in talks to resolve his lawsuit...
McCann Upbeat about Brokers; Hoping for One Set of Rules
He believes there should be one and only one set of rules for all advisors, regardless of what type of broker-dealer or RIA arrangement they have.
MS-SB Makes Push for More Female FAs
Morgan Stanley Smith Barney says it has launched the Women Financial Advisors Forum online for women interested in becoming financial advisors at Morgan Stanley Smith...
Merrill Female Advisors Sue BofA Over Bonuses, Discrimination
The suit against Bank of America/Merrill Lynch seeks class-action status and claims that since wealthier clients have been steered to male financial advisors, female advisors were typically eligible for only lower production-based bonuses.
No Pity Party for Big Banks
Study finds predatory lending originated in the same banks that received bailouts. At least 21 of top 25 subprime lenders received bailouts through ownership, credit agreements or purchases of loans for securitization.
Wall Street Stunned
Wall Street is not what it used to be, for good or ill. Culminating (at least for the moment) a months-long period of market volatility...