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.
Citigroup surprised Wall Street with its first profit in more than a year when it announced first quarter earnings Friday, but the quarterly report also contained some bad news. Among other things, the firm’s global wealth management...
According to a source familiar with the details, the 8,700 jobs UBS plans to cut by the end of 2010—for forecasted cost savings of roughly $3.5 billion—will include 2,000 in the Wealth Management division, many of them financial advisors.
Challenges to conventional investment wisdom abound these days. Now Jim Rogers says diversification is garbage—stick with what you know, pick the right basket, put all your eggs in that baby and let it ride.
Bank of America is in the process of rolling out a client referral program for its global wealth management division, which includes Merrill Lynch and the bank’s former Banking & Investments division (BAI), with a combined 18,000...
Goldman's quarterly earnings were "amazing," but what will a populist Congress think of its "accrued compensation" kitty of $4.71 billion? for more, go to VonAldo.com, the blog of Registered Rep. editor-in-chief David A. Geracioti.
The Treasury Department announced last Wednesday it will offer help—in the form of TARP money—to the struggling life insurance sector. The news sent life insurance stocks soaring on Thursday, and they continued to rise on Monday. The...
Once again, President Obama has got his facts wrong. In Strasbourg the other day, Obama said that the recession was caused by the “reckless speculation of bankers,” particularly of American bankers, he implied. Not so. Please go to...