Wirehouse Firms
Learn the ins and outs of the wirehouse channel, including news, analysis and more on Bank of America-Merrill, Morgan Stanley, Wells Fargo and UBS.
Wells Fargo Taps Amazon Web Services Exec to Expand AI Use
By Yizhu WangThe AI push comes alongside the bank's efforts to cut costs, a key part of CEO Charlie Scharf's turnaround plans.
January 16, 2026
UBS Gets First Conditional Approval for U.S. Banking LicenseThe Swiss bank filed an application in October to help it expand offerings for wealth management clients.
January 15, 2026
Wall Street Eliminated 10,600 Jobs Last YearThe biggest banks cut their combined headcount in 2025 by the most in almost a decade as they moved to limit costs.
January 15, 2026
Merrill Posts Strong Wealthy-Client Growth in 2025The Thundering Herd also continues to see low levels of advisor attrition, one executive said.
January 13, 2026
UBS CEO Ermotti to Step Down in April 2027: Financial TimesWealth management co-heads Iqbal Khan and Robert Karofsky are among the executives who could succeed him.
January 06, 2026
Crypto Latecomer Morgan Stanley Files for Bitcoin, Solana ETFsThe filing comes as Wall Street's traditional players deepen their digital asset footprint.
December 23, 2025
15 of the Biggest Legal Dramas in Financial Services in 2025The year in lawsuits: Poaching, an estate battle, an advisor-client affair and some eyebrow-raising emails.
December 18, 2025
UBS Plans January Job CutsAnother round of layoffs is set for later in 2026, when the firm switches off computer systems it acquired from Credit Suisse.