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 Texting Habit Sticks Banks With Rare $1B Bill
By Sridhar Natarajan, Katherine Doherty, Hannah Levitt and Matt RobinsonRegulators have zoomed in on Bank of America, Citigroup, Goldman Sachs, JPMorgan and Morgan Stanley over record-keeping lapses.
July 14, 2022
Morgan Stanley to Pay $200M Over Misuse of Personal DevicesEarlier, regulators imposed a similar fine on JPMorgan, noting that managers had used WhatsApp and personal email for work.
July 13, 2022
Naureen Hassan to Succeed Tom Naratil as UBS Americas PresidentAs expected, the wirehouse is elevating Iqbal Khan to be the sole head of global wealth management.
July 12, 2022
UBS Weighs Elevating Khan to Sole Wealth Management HeadTom Naratil may keep his role as head of UBS's wealth business in the Americas, people with knowledge of the deliberations said.
July 06, 2022
Meet the Ex-NFL Player Whose UBS Team Keeps Athletes and Entertainers From Going BrokeFinancially successful athletes and celebrities must focus on the "three L's," Adewale Ogunleye tells ThinkAdvisor.
July 05, 2022
Morgan Stanley Fires 90-Year-Old Broker Arrested for Shooting Business PartnerLeonard David Bernstein shot Chris Bayouth as many as five times, according to police.
June 29, 2022
UBS to Pay $25M SEC Penalty Over Complex Options StrategyUBS advisors sold the Yield Enhancement Strategy even though some didn't understand the risks themselves, regulators say.
June 29, 2022
12 Best & Worst Broker-Dealer Stocks in First Half of 2022Here's how far many, but not all, of the major BDs have seen their stock prices drop since Jan. 1.