J.P. Morgan Securities emigrees to RBC have 89 years of experience and a big book of music and entertainment clients, while its new arrivals had been with Morgan Stanley and predecessors for 87 years.
J.P. Morgan beat Q3 earnings expectations on strong trading results and improving credit, and its wealth management sector added net advisors.
Bank will charge $35 monthly service fee as of November 8 on checking accounts below $150,000 in its mass affluent unit.
Billion-dollar-asset J.P. Morgan Private team in Atlanta to become UBS advisors, while $150-million father-son team of UBS/PaineWebber lifers join J.P. Morgan Securities in New Jersey.
Regulator fines and suspends a novice broker who J.P. Morgan fired for moving customer money to higher-paying money market funds without authority and a senior former RayJay and UBS broker who took loans from a friend and customer without permission.
A new investigation by the International Consortium of Investigative Journalists says JPMorgan Chase & Co., Deutsche Bank AG and HSBC Holdings Plc were among the global banks who “kept profiting from powerful and dangerous players” in the past two decades even after the U.S. imposed penalties on these financial institutions.
JPMorgan Chase & Co. says it’s probing the role of some employees who may have enabled misuse of Covid-relief funds in what it calls potentially illegal activities.
Ameriprise broker in Michigan wins dismissal of an earlier TRO granted almost two weeks ago while another Ameriprise broker in Virginia loses to TRO claim from Edward Jones.
At least three former J.P. Morgan, Wells Fargo and Edward Jones brokers who joined Ameriprise in recent weeks are fighting lawsuits aimed at keeping them from calling former clients.
Group of seven advisors and eight associates had overseen $1.7 billion in client assets and mark the fifth team to join First Republic this year.