McCann Is Top UBS Americas Exec
UBS recently made Bob McCann head of UBS’ operations in the Americas and reassigned Philip Lofts to the post of chief risk officer for the Swiss-based firm. Maureen Miskovic, who had been chief risk officer for UBS since early 2010, left the firm.
Wells Fargo Adds $3.5M Morgan Stanley Team
The RDM/Dillon Group join Wells Fargo Advisors in Long Island, N.Y.
UBS Pushes Out Risk Chief; McCann to Head Americas Unit
Bob McCann takes over as CEO for the Americas business from Lofts, who re-assumes his role as chief risk officer for the global bank
Most Earnings Top Estimates on Mixed Advisor-Headcount News
Bank of America reported net income of $6.2 billion, or $0.56 per share, for the third quarter vs. a net loss of $7.3 billion, or $0.77 per share, last year — topping analysts’ estimates by a wide margin. Revenue, net of interest expense (and calculated on a fully taxable-equivalent basis)...
UBS to Trim Investment Bank, Emphasize Wealth Management
UBS revealed plans Thursday to strengthen its wealth-management units while scaling down its investment bank and introducing new performance targets companywide.
What’s Behind the U.S. Suing Big Banks Over Mortgage-Backed Securities?
More bank stock declines and less lending could be in store as financial institutions face another massive round of lawsuits. The Federal Housing Finance Agency sued 17 banks on Sept. 2, alleging that the financial institutions committed securities violations in the lead-up to the recent financial crisis.
Wirehouse Q2 Earnings Analysis: UBS Outpacing Rivals
The Americas operations of UBS are ahead of all the wirehouses in new assets and net new money per advisor.
UBS Grabs 4 Merrill Advisors in California, Florida
The FAs have total yearly production of $2.1 million and assets of $800 million
UBS Hosts Client Forum With Clinton, Bush on Economy
The wealth-management group also says its advisors and clients will be supporting small businesses in New York, as part of a pilot project.
UBS' McCann and His Team: Lots of Merrill Lynch Ex's
Former Merrill Lynch execs hope to improve results at UBS Americas, which includes about 7,300 advisors.