A survey released yesterday of the nation’s wealthiest individuals reveals that wealth management’s biggest, most powerful brands—including UBS, Wachovia, Bank of America and Goldman Sachs—have lost a lot of credibility...
BoA first quarter earnings were positive, well, for now anyway. Despite noise of some departures, the company says 95 percent of the firm’s top producers have been retained since Merrill was acquired.
This week, Wall Street is bearish on compensation. Perhaps the most alarming (read hilarious) bit of news was a veritable death sentence for AIG executives issued Monday by Iowa Senator Charles “Chuck” Grassley, who told Cedar Rapids...
Yet another banking-chief head may be set to roll. Bank of America CEO Ken Lewis was subpoenaed by New York State Attorney General Andrew Cuomo late last week. Cuomo is looking into whether Bank of America withheld information about Merrill’...
Wachovia advisors (including legacy A.G. Edwards types) are clearly exhausted from the ride their firm has taken them on this year and it's not over yet. Wachovia has been near the bottom of the heap in our Broker Report Cards for the last five...
But not the bad kind. Now that the wirehouse model is kaput, working for a bank has new appeal. The bank brokerage space has come a long way from its free toaster days.
Steve Leuthold, the veteran chief investment officer of the Leuthold Group, is bullish. Why should you care? Leuthold, a curmudgeonly value manager who relies heavily on quantitative data (in addition to fundamentals), has posted a pretty solid...