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.
Jonathan Bloomer, Morgan Stanley International Chair, Dies
By Harry Wilson, Jonathan Browning & Leonard KehnscherperThe late executive, who died in Monday's yacht sinking off the coast of Sicily, also had been CEO of Prudential Plc.
August 20, 2024
Best & Worst Broker-Dealers: Q2 Earnings, 2024Most large firms reported higher profits in the second quarter, but some disclosed challenges tied to their cash sweep programs.
August 20, 2024
Morgan Stanley International Chair Missing After Yacht SinkingJonathan Bloomer, 70, has worked in the finance industry for five decades and earler held senior roles at Prudential Plc.
August 18, 2024
The Rich Can't Sell Their Art, So They're Borrowing Against ItWall Street firms are broadening their work in the art market to bring on and retain the world's wealthiest individuals and families.
August 14, 2024
UBS Profit Beats Estimates in Boost to Ermotti's Buyback PlansInvestment banking revenue and progress in integrating Credit Suisse offset a miss in wealth management.
August 12, 2024
New Trial Date Set for Former BofA Banker Charged With Merrill Exec's MurderAnthony Duwayne Turner's jury trial in the death of Michelle Avan should begin Sept. 16 in Los Angeles County.
August 09, 2024
BofA Private Bank Hires Citi's Palacio in South Florida PushHe will join Bank of America in October with a focus on growing the firm's ultra-high-net-worth and family office business.
August 06, 2024
Morgan Stanley Says SEC Seeks Info On Cash Balance SweepsThe wirehouse has been speaking with the SEC and responding to its requests since April, it disclosed Monday.