News
Wells Nets Merrill, Morgan Stanley Brokers Nationwide
At least five brokers in four states have migrated to Wells in recent weeks as it bulks up deals to replenish its salesforce.
UBS Can Ride Out the ‘Pig’ Controversy
Expect “Pig-gate” to blow over. UBS Group AG’s ultra-rich Chinese clients are unlikely to desert the Swiss bank for local rivals, whatever the level of outrage over language used by its chief economist in a research report last week.
Morning Brief: U.S. Stocks Near New High
Top stories from around the web.
Wedbush to Pay $8.1 Million over Handling of ADRs
Los Angeles firm is the 11th to be sanctioned by the Securities and Exchange Commision over sales of “pre-released” shares of U.S.-listed foreign stocks.
Tax-Haven Wedding Venues Become Retiree Investors’ Nightmare
A small group of retirees paid a combined $6.2 million last year for stakes in a fancy event-rental space in Carmel, Indiana, expecting it would generate double-digit returns and qualify them for a tax break used by thousands of Americans to defer capital gains on real estate.
Credit Suisse Doubles Down on Broker Litigation
Swiss bank appeals lower court’s refusal to vacate New York advisor’s big comp award and files two more vacature petitions in Georgia and New York.
Morning Brief: New Jersey Pauses Fiduciary Rulemaking
Top stories from around the web.
Merrill Team Generating $5.2 Million Goes Indie in Indianapolis
Advisors who oversaw about $800 million for 225 families joined Sanctuary Wealth, founded last year a former Merrill regional manager.
UBS Manager Bolts Pasadena Branch He Led for Two Decades
Don Gorsch, a 25-year UBS vet, walked out of the southern California branch he has managed for 21 years last week.
Morning Brief: Trump Unrepentant About His Fed Attacks
Top stories from around the web.
Top Stories of the Week: Morgan Stanley, Merrill Execs Outline Strategy, Dynasty Offers ‘Forgivable’ Loan, and More
Most popular stories from June 9 to June 15.
