UBS reported record third quarter profit of $371 million despite declines in revenue, net asset outflows and a continued decline in its advisor force.
UBS Group AG is allowing employees to collect bonuses immediately after leaving the bank as the Covid-19 crisis prompts more workers to reconsider their careers.
Wells Fargo’s seesaw battle to rebuild its advisor force yields three million-dollar teams from rivals in California and Vermont despite net erosion in headcount.
Class-action filing alleges that UBS failed to properly notify clients of its 2014 decision to freeze investment accounts of U.S. customers living abroad, and kept interest for itself.
This Week’s Top Stories: Wells Cuts ‘Salaried’ Advisors, Morgan Stanley’s E*Trade Referral Plan, and More
Most popular stories from October 11 to October 17.
Wells’ payout penalties on lower-net worth accounts didn’t mesh with West Virginia brokers’ small-town client base.
Lawmakers must approve another round of fiscal stimulus to keep the U.S. economic recovery on track, executives from Goldman Sachs Group Inc. and Wells Fargo & Co. said Friday.
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.