Former Citigroup brokers, who wanted courts to dismiss debts the firm said they owed on loans awarded when they were hired, were turned down by a district court judge Friday. But they are planning to appeal that decision.
Morgan Stanley on Wednesday reported higher-than-expected revenues and profits in the first quarter, lifted by its acquisition last spring of Smith Barney and by higher fixed income.
Some financial advisors at UBS Wealth Management Americas, scrambling to stem the outflow of client assets, are seeing signs of hope: The pace of money withdrawals is easing and a core group of FAs is generating net new money for the first time in...
Profits were down last quarter at Merrill Lynch but the brokerage’s performance still helped to lift the fortunes of its new parent, Bank of America Corp. Advisor defections were flat from the end of 2009, but average production declined.
LAST UPDATED : April 16, 4:57 p.m. The Securities Exchange Commission sued Goldman Sachs for fraud today in connection with the mortgage-backed collateralized debt obligations (CDOs) it packaged and sold to investors.
Times are tough for branch managers. And, like many people facing challenges, there’s often much to be gained by the support of your peers (hence, the existence of this newsletter).
