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.
Citi Profits Down as Q2 Earnings Beat Estimates
By Janet LevauxCitigroup's second-quarter revenues were $22.07 billion on net income of $2.7 billion, or $0.09 earnings per share.
July 15, 2010
SENATE PASSES LANDMARK FINANCIAL SERVICES REFORM BILLBill heads for President Obama's signature; the $19 billion Wall Street reform will be covered by ending the Troubled Asset Relief Program (TARP) and by charging an extra premium to large banks by the Federal Deposit Insurance Corp. (FDIC).
July 15, 2010
Moving Client Assets: The Good, the Bad and the UglyChanging firms is no longer a one-size-fits-all affair when it comes to the transfer of assets under management.
July 14, 2010
Financial Firms Geared Up for Q2'10 Earnings SeasonCharles Schwab, JP Morgan, Bank of America and Citigroup report earnings this week.
July 13, 2010
Financial Reform: Passage This Week, Senate Sources PredictThree key Republican Senators now on board to support the bill.
July 13, 2010
SEC's CIO to RetireCharles Boucher, head of IT for the Securities and Exchange Commission and a former Morgan Stanley executive, is set to leave the financial-services field.
July 12, 2010
Morgan Stanley Attracts Seven Advisors from RivalsThe new Morgan Stanley Smith Barney FAs may bring over close to $5 million in yearly commissions and fees and nearly $560 million in client assets from UBS and Charles Schwab.
July 01, 2010
Financial Planning: Some Advisors Need a BoostAs a new fiduciary standard looks more likely, broker-dealer may want to help financial advisors improve their financial-planning skills and resources, a new Aite survey finds.