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.
BofA Boosts Earnings on Strong Loan Income
By Katherine Doherty“Every source of revenue increased ... ” in the quarter, said CEO Brian Moynihan.
January 15, 2025
Ex-Wells Fargo Executives Face Millions in Fines for MisconductA 2020 investigation by the OCC concluded that the executives opened millions of unauthorized customer accounts.
January 09, 2025
UBS Set to Settle Credit Suisse Tax Case: WSJ ReportsThe deal over tax evasion could come as early as this week, according to the paper.
January 08, 2025
BofA Forms Specialist UHNW GroupThe roughly 25 specialists will help Merrill advisors with loans, estate planning and investment management.
December 31, 2024
Bank Bull Run Seen Thundering OnwardMarket watchers expect factors behind the 33% surge in bank shares in 2024 to continue.
December 23, 2024
Merrill to Settle Overtime Suit for $4.9MThe firm is establishing a fund to settle allegations that it underpaid certain salaried advisors and trainees.
December 18, 2024
BofA’s Moynihan Hints That He’s Just Getting StartedNow in his 15th year, the CEO says he's sticking with his no-frills “responsible growth” strategy.
December 17, 2024
E-Trade Plans Zero-Cost Funds That Only Platform Clients Can BuyThe firm submitted plans to the SEC for five mutual funds spanning stocks and bonds.