Last week, Morgan Stanley rounded out the last of the national overtime settlements among wirehouse firms with a $50 million deal.

It seems that ladies who lunch do not like to give up those lunches, nor their shopping sprees, Gucci handbags and Hamptons summer getaways—no matter what the condition of their marital finances.

What killed the Bear? Leverage, of course, and, some allege, a rapid-fire rumor mill.

Bloomberg.com is reporting today that the legendary fund manager Bill Miller has lost his touch. After 15 years of outperforming the S&P 500, Miller, the manager of the Legg Mason Value Trust (LMVTX), has slipped into a funk, and assets in the...

Yesterday Wachovia announced a new CEO to replace Ken Thompson: Robert Steele, previously a vice chairman at Goldman Sachs, and currently undersecretary of the Treasury until Wednesday.

If you work at one of the big national firms, we want to hear from you. We are now surveying our wirehouse readers for our 18th Annual Broker Report Cards.

Increased regulation of the brokerage industry in the wake of the subprime crisis and Bear Stearns debacle could tighten the screws on brokerage business revenues and margins, says Ladenburg Thalmann analyst Dick Bove in a research report today.