Citigroup reported a net loss of $5.1 billion or $1.02 per share, $0.07 per share worse than consensus analyst expectations, according to Thomson Financial. Unlike, say, Merrill Lynch, Smith Barney’s Global Wealth Management unit (retail...

Merrill Lynch’s streak continues. The Wall Street giant posted a first quarter net loss of $1.97 billion, primarily due to net write-downs totaling $1.5 billion related to collateralized-debt obligations (CDOs). This is the third quarter in...

It seems GunnAllen has another embarrassment on its hands: Seven investors who say they were the victims of a Ponzi scheme by Frank Bluestein, a former GunnAllen rep, have filed an arbitration claim against the Tampa firm.

Bear Stearns can’t seem to go down quietly. The firm is facing a number of lawsuits filed by employees, investors and possibly even civil charges courtesy of the SEC.

Cliff Popper, the flashy former Brookstreet Securities broker/trader at the center of the California firm's August collapse, is now suing his old clearing firm, National Financial Services (NFS), for $36 million in damages.

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A Bear Stearns broker is free to take his clients with him to his new digs at Morgan Stanley, a Massachusetts judge ruled today.

UBS announced today that the firm plans to write-down another $19 billion in housing-related credit securities held on its books by the end of the first quarter, bringing the firm's total sub-prime losses to $37 billion thus far. As a result, the...

If you are a retail financial advisor at UBS and have client assets stuck in the auction-rate securities market, your new ad slogan might be: “UBS, You Are Pissed At Us.” That’s because the Wall Street Journal’s website is...

Now that J.P Morgan announced its retention package, Bear Stearns advisors are faced with a big question: Do I stay or do I go?