Industry

Anthony Fletcher's lawsuit claims that Morgan Stanley hired his candidates without his knowledge, depriving him of commissions.

The new SEC rules significantly increase oversight of the biggest hedge funds and private equity firms.

In a LinkedIn post, Shannon Saccocia, who served as SVB Private's chief investment officer after the bank acquired Boston Private, said that it was time for her to 'move on.'

Some First Republic branches will be converted into wealth centers.

Another advisor team—this time a San Diego–based group that managed $1 billion in client assets—has departed First Republic, as JPMorgan Chase takes over the troubled bank.

Launched with support from Dynasty Financial Partners, the New Jersey-based team managed $875 million at Merrill.

CI’s borrowing, which mounted as it went on an acquisition spree of US registered investment advisory firms, has become a concern for analysts and investors.

The banking and trading group is expected to shoulder many of the reductions. Morgan Stanley employs about 82,000 people.