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.
Who Will Be Morgan Stanley's Next CEO?
By Sridhar NatarajanJames Gorman's plan to depart sets up a battle among three of the Wall Street giant's top executives for his job.
May 16, 2023
Wells Fargo to Pay $1B in Class-Action LawsuitIt's one of the largest securities class-action settlements of the past decade, according to lawyers for the investors.
May 04, 2023
Merrill to Pay $1.4M Over Cold CallingAdvisor trainees called numbers on do-not-call lists, according to New Hampshire regulators and FINRA.
May 03, 2023
Morgan Stanley Sued by Outside Recruiter Alleging Race BiasThe recruiter, who is Black, claims the firm shortchanged him on commissions he earned in placing diverse candidates.
May 02, 2023
Morgan Stanley Plans 3,000 More Job CutsThe planned cuts come just months after the firm trimmed about 2% of its workforce.
April 27, 2023
12 Best & Worst BD Stocks: Q1, 2023Some broker-dealers and financial firms found themselves caught up in the fallout from Silicon Valley Bank's March collapse.
April 27, 2023
Fidelity Unveils New Digital Experiences For Next-Gen Investors: Tech RoundupAlso, iCapital has introduced structured investments via Envestnet's platform.
April 24, 2023
Merrill COO Steps DownNews that Kirstin Hill is retiring comes several months after she let the firm know of her plans to depart.