Wirehouse

The global market was roiled over the weekend following Friday’s lackluster US jobs report and the biggest crash of Japanese equities in over a decade. 

Morgan Stanley is the first wirehouse to let advisors actively solicit investments in spot bitcoin ETFs to certain clients, approving products from BlackRock and Fidelity.

The Swiss bank has a better wealth management franchise outside the U.S., according to a JPMorgan analyst.

Morgan Stanley’s best trading performance in more than a decade capped off a quarter in which Wall Street capitalized on wild markets. But the firm cast doubt on whether those gains can continue.

Wells Fargo’s leaders have been working to assuage public furor after authorities fined the bank for possibly opening more than 2 million retail bank accounts without customers’ approval.

The bank broke SEC rules from March 2013 to May 2015 by using transactions with an affiliate to reduce the amount it was required to keep in its customer reserve account.