As head of Citigroup's Private Bank, John Longley has to pull off one of the more vexingly stubborn organizational challenges of the modern financial era: getting private bankers and financial advisors to cooperate...
The Swiss firm's reputation for conservative financial savvy has been crushed, and the dour mood of the firm's U.S. FAs clearly reflects that. Since the credit crunch began last spring, UBS stock has dropped 75...
Head Exam, More Delays For Jail-Bound Hedgie: After faking his suicide and going on the lam for 23 days to avoid a 20-year jail sentence for swindling investors out of $350 million, former Bayou hedge fund manager...
The U.S. Government’s investigation of cross-border business by UBS and alleged tax evasion by some of the firm’s US clients has resulted in an indictment of Raoul Weil, Chairman and CEO of UBS Global...
Competition for recruits is so hot these days that nearly half of the financial advisors from the wirehouse and regional firms have been offered checks to switch firms, according to a new survey from Fidelity...
Bank of America intends to sign the so-called “broker protocol,” an agreement signed by most of the brokerage firms and RIAs stipulating what client information is acceptable for a departing financial...
The top 50 financial advisors at Merrill Lynch aren’t happy with the wording of their retention package, and they’ve taken the first step towards getting changes made by collectively hiring a lawyer.
Michael Corbat certainly has his work cut out for him. Tapped to head up Citigroup's Global Wealth Management unit (GWM) in the middle of the global financial crisis, Corbat is walking into a banged-up Smith Barney...
Bank of America and Merrill Lynch released retention bonus plans for their financial advisors on Friday and both send a consistent message to financial advisors: If you’re a top producer, we want you to stay...
