Coronacrash
Morgan Stanley CEO Assures Employees of Near-term Job Security
“While long term we can’t be sure how this will play out, we want to commit to you that there will not be a reduction in force at Morgan Stanley in 2020,” James Gorman e-mails company’s 60,000-plus employees.
Stocks Jump on Hope Spending Blunts Unemployment
U.S. stocks rallied as investors speculated that the $2 trillion rescue package poised to pass Congress will blunt the pandemic’s toll on the economy.
Morgan Stanley to Reimburse Clients Affected by Outage
Wirehouse says it will compensate clients hurt by four-and-a-half hour glitch Wednesday that prevented them from seeing accounts and required workarounds for trades.
Merrill Edge Clients Briefly Lost Account Access Wednesday
Bank of America’s Merrill Edge was the second brokerage firm to suffer client account access issues on Wednesday.
Morgan Stanley Order-Entry, Order-Status System Breaks Down
Brokers working from home offices directed to copy trading link into their web browser while system is down.
Coronacrash Update: LPL Financial’s Rich Steinmeier & Tony Sirianni
AdvisorHub’s Publisher & CEO — Tony Sirianni — asked executives from top firms their opinions on the dual management of…
Silver Linings from the Trenches – Finding Opportunity in Crisis
The best financial advisors are doubling down on their own business by being proactive with clients and prospects and boosting morale among their remote team members.
JPMorgan Plans Firm-Wide Hiring Freeze Amid Virus Uncertainty
JPMorgan Chase & Co. froze hiring across most of the firm as millions of people stay at home to help stem the spread of the coronavirus, according to people familiar with the matter.
Munis with Spectacular Yields Tantalize Risktakers
By some measures, the municipal-bond market is full of screaming buys for anyone brave enough to wade in.
Coronacrash Update: Ameriprise Financial’s Jim Cracchiolo & Tony Sirianni
AdvisorHub’s Publisher & CEO — Tony Sirianni — asked executives from top firms their opinions on the dual management of…
Raymond James Client Assets Tumble, CEO Rallies Troops and Investors
Private client group assets fell 5% in February at RayJay, even before the dimensions of the coronavirus crisis were apparent, and clients pulled $10 billion from investment accounts in the first three weeks of March.
