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 Persists in 'Lawless Ways,' Suit Claims
By Dinah Wisenberg BrinSeparately, a judge dismissed another suit related to fake interviews allegedly conducted to meet diversity quotas.
August 31, 2023
Gary Shilling: S&P 500 Likely to Slide 35%The economist maintains his bearish view and highlights nine risk-off strategies in his latest market commentary.
August 31, 2023
Lawmakers Tell DOL to Cease Work on New Fiduciary RuleCongress members said they oppose Labor's continuing efforts to promote a rule that changes the definition of "fiduciary."
August 31, 2023
Best & Worst Broker-Dealers: Q2 Earnings, 2023During the second quarter, the operations of First Republic Bank became part of JPMorgan.
August 31, 2023
Genworth Sued Over Personal Data Exposed in MOVEit HackThe breach may have exposed personal information, including Social Security numbers, of about 2.5 million Genworth clients.
August 31, 2023
Schwab, Creative Planning Sued Over $9.5M LossA "reckless and negligent stock options investment strategy" led to the loss of the client's Boeing stock, the suit claims.
August 31, 2023
UBS to Cut 3,000 Jobs, $10B of CostsIts Credit Suisse deal has increased UBS's workforce to about 120,000, which it wants to reduce by some 30% over time.
August 30, 2023
Ex-Morgan Stanley Exec Says He Was Fired for Being WhiteIn a lawsuit, Kevin Meyersburg alleges that the wirehouse replaced him with a less-qualified Black woman.