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.
Fidelity Plans to Hire 2,000 People
By Bernice NapachThe firm is experiencing growing demand for services from existing clients during the COVID-19 pandemic.
April 08, 2020
Fed Lifts Cap on Wells Fargo for Small-Business LoansThe bank can extend loans via the Paycheck Protection Program while fulfilling obligations tied to its 2018 consent order.
April 07, 2020
FINRA Presses Ahead With Bad-Broker CrackdownThe plan would allow a hearing officer to require a BD to adopt heightened supervision for brokers with long disciplinary histories.
April 03, 2020
Small Businesses Hit Bumps When Applying for Stimulus LoansBill Sweet of Ritholtz Wealth compared the Paycheck Protection Program's rollout to "the small business Fyre Festival."
April 02, 2020
$900M Merrill Team Goes Indie With Raymond James: Recruiting RoundupMeanwhile, UBS picks up a $160 million Morgan Stanley advisor and a Merrill Lynch duo with $116 million.
March 31, 2020
BofA Pledges to Keep, Pay Staff in 2020The bank's CEO says it also added staff and is extending loans to keep businesses afloat.
March 31, 2020
FINRA Bars Ex-Morgan Stanley Rep Accused of Changing Client DocsThe advisor refused to cooperate with the regulator's investigation.
March 30, 2020
Quick Review of Wells Fargo's Latest DevelopmentsThe bank recently suspended a move tied to ending an account-fee waiver.