Bloomberg is reporting that Bob McCann, the former head of Merrill Lynch’s brokerage unit, is nearing a deal with his old employer that will allow him to take a job running UBS’s wealth management unit.
Morgan Stanley’s recent move to increase trading risk and add traders a la Goldman Sachs is a just another bad strategy in a long line of lousy executions by management, says Dick Bove, vocal analyst of Rochdale Securities in a note released...
In today’s Investor’s Business Daily, Paul Katzeff quotes a psychiatrist as saying, “Cheating with money is a form of infidelity. … It can be even more devastating than sexual infidelity.”
