Scottrade Said to Be Exploring Sale to TD Ameritrade
There is speculation that the discount broker, which works with about 1,000 RIAs, could be bought by TD Ameritrade.
California Suspends ‘Business Relationships’ With Wells Fargo
California is the largest municipal-bond issuer in the U.S. and has $75 billion in investments.
Wells Fargo’s Troubles Mount With Fine for Mishandling Soldiers’ Loans
DOJ is ready to sanction beleaguered bank over repossessions; OCC said to fine bank as much as $20 million over car seizures.
Recruiting Roundup: Wells Fargo, Merrill Nab Morgan Stanley Reps
Meanwhile Deutsche Bank Wealth Management and MV Financial share news on their latest hires.
Are Big Banks, Financial Firms Ahead of Fintech Startups?
IBM research looks at which financial institutions are embracing blockchain technology and why.
Wells Fargo’s CEO Forfeits $41 Million in Fight to Keep Job
The clawback marks the biggest forfeiture of compensation from a major U.S. bank chief since at least the 2008 financial crisis.
DOL Fiduciary Has Many Advisors Mulling Career Change: Fidelity Survey
While 29% of advisors see a positive impact from the DOL rule, 28% say they are considering either retirement or a career change.
Advisors, It Pays to Thank Clients — Consistently: Janus Labs
Those who express gratitude regularly and systematically have significantly higher AUM than those who do not, Janus finds.
How Wall Street Scored Trump-Clinton Debate
Analysts with TD Securities, UBS, Citigroup, RBC and others share their views on election issues and candidates.
Wells Fargo Faces ‘Top-to-Bottom’ Review, Labor Department Says
Senators questioned whether workers were denied overtime pay; Labor Secretary Perez says in letter he ordered investigation.