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.
Another Sign DOL Rule Will Exclude Class-Action Provision
By Bernice NapachThe latest comes from a Justice Department letter to the federal court hearing the Thrivent case opposing the provision.
August 18, 2017
6 Big Banks Sued Over Alleged Stock Loan CollusionThree pension funds called the $1.72 trillion international stock loan market good for the banks that do the lending but "bad for virtually everyone else."
August 17, 2017
DFA Announces Second Leadership Shakeup This YearCo-CEO Eduardo Repetto is leaving; current co-CIO Gerard O'Reilly will replaces him in September.
August 16, 2017
Sen. Warren Urges Yellen to Remove Wells Fargo Board"New evidence" shows more infractions against Wells Fargo customers, Warren said.
August 15, 2017
Wells Fargo Names Elizabeth Duke Chair as Sanger to Exit After ScandalCalls for changes on the board intensified last month after the bank said 500,000 clients might have unwittingly paid for auto protection.
August 15, 2017
Brokerage ‘Kickbacks’ From Exchanges Draw ScrutinyWilliam Galvin of Massachusetts has written to Fidelity, Schwab, Morgan Stanley and others asking how they route orders to exchanges.
August 14, 2017
Saturna Capital Launches Clean Shares for Two Funds: Portfolio ProductsAlso, Carlson Capital Management adds a low-cost DFA Minnesota muni bond fund to its portfolio lineup.
August 11, 2017
Democrats Renew Push to Probe Deutsche Bank Russia ScandalWaters writes letter to GOP chief of House finance committee; lawmakers seek information on mirror trades, loans to Trump.