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.
Wall Street’s Top 10 Corporate Good Guys
By Joyce HansonThe U.S. finance industry has taken a beating for its role in the economic crisis, but according to Corporate Responsibility magazine, there are still 10 good guys in the sector.
September 28, 2011
FINRA Disciplines Merrill, LPL, National Financial, Van KampenFINRA took disciplinary action against Merrill Lynch, LPL Financial, National Financial Services and Van Kampen Funds. Merrill was censured and fined $400,000 on findings that it failed to enforce its anti-money laundering rules.
September 22, 2011
Moody’s Downgrades BofA, Wells Fargo & CitigroupMore advisors may feel the necessity to seek independence, as lack of potential government bailouts led to ratings cut.
September 16, 2011
UBS Trader Kweku Adoboli Hires Lawyers of Nick Leeson, Rogue ’90s TraderUBS trader Kweku Adoboli was charged Friday with engaging in fraud and false accounting since 2008, and hired the lawyers who represented rogue trader Nick Leeson to defend him.
September 12, 2011
BofA to Slash 30,000 Jobs, $5 Billion a Year in CostsBofA's restructuring comes six days after Sallie Krawcheck was let go as head of wealth management, but company says it will continue to hire FAs.
September 06, 2011
Broker Population in ‘Shocking Decline,’ Expert SaysIndustry insiders are alarmed by the overall decline in the U.S. broker population, despite data released by Cerulli Associates in late August that showed only a moderate pace of reduction.
September 02, 2011
Can Bank of America Survive Another Beating?The once nearly orphaned Merrill Lynch is BofAs most successful business unit and it is its corporate parent that looks to be near the precipice.
September 01, 2011
Raymond James Upbeat on RecruitingRaymond James Financial reported net income of $46.8 million, or $0.37 per share, for the period ended June 30 vs. income of $60.7 million, or $0.48 per…