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.
Elon Musk Wants Twitter to Take On Jamie Dimon
By Aisha S Gani and Jenny SuraneMusk sees Twitter becoming a financial services hub. But history suggests he faces an uphill battle.
July 25, 2023
UBS to Pay $387M in Credit Suisse-Linked Archegos FinesUBS previously warned that legal liabilities related to Credit Suisse could run to $4 billion over 12 months.
July 24, 2023
Inside Morgan Stanley's Big AI Test for AdvisorsThe chatbot is focused on combing through research and even client conversations, says CIO Sal Cucchiara.
July 19, 2023
Wall Street Layoffs Hit 21,000Bank of America, for instance, has shrunk its headcount by about 5,000 since January and isn't replacing staff who leave.
July 18, 2023
5 Top Trends From Merrill's Q2 ResultsHighlights included strong recruiting in Bank of America's wealth management business.
July 18, 2023
Morgan Stanley CEO: Worst of Industry Downturn Is OverShares of the bank surged 7% after executives gave an optimistic forecast.
July 18, 2023
Most Wealthy Investors Choose the First Advisor They Meet: SurveyThe most common reason respondents gave for switching advisors was that the relationship was a bad match.
July 14, 2023
Bank of America Sued Over Unauthorized Accounts, FeesThe lawsuit follows, and references, a recent $250 million settlement BofA reached with U.S. regulators.