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's Poaching Complaint Against Former Advisor and UBS Is Dismissed
By Jeff BermanFidelity sought injunctive relief to stop an ex-advisor who left the firm from allegedly poaching clients from it.
July 18, 2022
BofA Expected to Pay $200M for Personal Device MisuseThe anticipated fine follows a disclosure by Morgan Stanley last week that it faces a similar penalty stemming from the investigation.
July 15, 2022
Wall Street Texting Habit Sticks Banks With Rare $1B BillRegulators have zoomed in on Bank of America, Citigroup, Goldman Sachs, JPMorgan and Morgan Stanley over record-keeping lapses.
July 14, 2022
Wall Street Chiefs Stare Down Recession Fear With Upbeat OutlookJPMorgan CEO Jamie Dimon and Morgan Stanley CEO James Gorman are bullish despite their firms reporting second-quarter results that missed expectations.
July 14, 2022
Ex-Broker Charged With Murdering BofA Exec Wins Right to See Police FilesAnthony Duwayne Turner, charged with killing his ex-girlfriend Michelle Avan, can examine files for evidence of police misconduct.
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.