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Despite thousands of jobs potentially on the chopping block at the bank, the firm is focused on "stable sources" of revenue, and likely to hire in the wealth management portion of the business.
Warren Buffett said Monday he plans to donate $3.6 billion of Berkshire Hathaway Inc. stock to five charities while Walmart Inc. heir Jim Walton gave away $1.2 billion of the retailer’s shares last week.
Jim Crowley, who takes over as chief executive of Pershing after 37 years with the firm, discusses his top priorities, the convergence of industry models and the firm’s stance on Regulation Best Interest.