The U.S. Securities and Exchange Commission plan for overhauling broker conflict-of-interest rules is coming under fire from an unusual source: a group of its former top economists.
Bank of America grants Merrill Lynch Wealth Management’s newly elevated president $4.26 million in stock units for 2019.
The Swiss bank’s U.S. wealth division has hired a former Citigroup executive to run a unit servicing wealthy customers of registered investment advisers.
Morgan Stanley just announced its biggest acquisition in a decade and agreed to pay the largest premium of any major financial deal this year. It may just be getting started.
Agrees to buy Solium Capital for about $900 million to administer stock plans to employees of public and private companies in hopes of converting them to wealth management clients.
Top Stories of the Week: Merrill’s Checking Push, Ex-UBS Duo’s Charity Flub, Gaming Share Limits and More
Most popular stories from 2/2 to 2/9.
The IRS sent out fewer refund payments in the first week of the tax season compared to the same period in 2018 as the agency struggled to recover from a government shutdown that hampered tax officials’ ability to prepare.
A New York City branch is offering dinners for client associates who sell checking accounts while banking specialists in the midwest face a lofty 2019 goal of opening almost 24,000 checking accounts from Merrill wealth clients.
Thirty-seven percent of arbitrators joining the dispute resolution roster last year were women, 8% were Hispanic or Latino, 15% were African-American and 45% were under age 60, according to a new survey.
In bid to improve retention and productivity of neophyte brokers, Merrill adds “performance” oversight to its development program and aligns it more closely with parent Bank of America
BB&T Corp. agreed to buy SunTrust Banks Inc. in the world’s largest bank merger in more than a decade, betting that a combination will allow them to keep up with bigger rivals in the arms race for new technology.