Raymond James Financial net income ($49 million) fell by 22 percent in its fiscal fourth quarter, ended September 30.

Merrill Lynch reported its fifth straight quarterly loss today.

Charles Schwab reported a slight drop in its third quarter earnings today, but excluding the sale of U.S. Trust in the year-ago quarter, results are mostly flat versus last year—which is an achievement considering the market environment.

Morgan Stanley eased investor worries about its future today, closing on its $9-billion deal with Mitsubishi UFJ Financial Group.

Wells Fargo emerged the victor in the battle for Wachovia after Citi was left at the altar.

On a nationwide conference call this morning with branch managers and regional directors, Robert McCann, president of Merrill’s global private client group, told them that they will not be getting anything in the way of retention. He also...

Morgan Stanley is having trouble convincing the market it’s a good investment.

As part of a larger cost-cutting effort, Smith Barney is consolidating some of its branch offices and laying off a number of its branch managers.

Bank of America settled with the SEC and state regulators today over allegations of fraud in connection with the sale of auction-rate securities, agreeing to buy them back from its retail customers at par.

It was November 1929—just one month after the now infamous Stock Market Crash of 1929. And Trusts & Estates magazine was there.