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It looks like the worst of the mortgage meltdown is far from over for the big banks. In a surprise warning today, UBS announced that it would post a record $4 billion
Apparently, some people still think it’s far too easy for brokers to wipe their records clean, particularly where customer dispute information is concerned. A story on SmartMoney
UPDATE: Morgan Stanley is laying off 1,000 people, primarily in tech, operations and support roles, according to the bank. Sources familiar with the situation said these jobs would be concentrated primarily in the wealth management, asset...
RIAs are winning. No. Wait. Wirehouses are winning more assets, but RIAs are growing faster. Well, nevermind. It’s tough to tell these days. But whoever the winner is, there’s no doubt both industries are striving for the same things...
Citigroup announced another whopper of a write-down in the fourth quarter; full-year results were dismal. That said, Global Wealth Management, which includes Smith Barney, was a bright spot.
Gold hit record highs Friday, as February COMEX futures punched through $900 intraday before finally settling near $898. Gold bugs swarmed around the media outlets making sure they got quoted as the first—the very first—to call this...
Oops, looks like Merrill underestimated its quarterly loss—again. After an $8.4 billion write-down in the third quarter that resulted in $2.3 billion in losses, the fourth quarter is likely to be far worse.
We, the editors of Registered Rep. magazine, are officially opening our
annual hunt for the best in the business. That’s right, we’re asking for nominations
for the Outstanding Advisor Awards
If politicians were traded daily like a stock, which company would best describe them? That’s one perspective Slate, an online magazine, has brought to its coverage of the 2008 presidential campaign.