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The wirehouse is asking Credit Suisse advisors to sign a 13-year contract before joining the wirehouse much longer than the industry standard, according to people familiar with the matter.
By Hugh SonDecember 16 -
While the company has about 11% of the operating deposits in the country, it only manages 1% to 2% of the wealth, CEO John Stumpf said.
December 8 -
The deal would allow Credit Suisse's U.S. advisors and clients to move to Wells Fargo Advisors by early 2016, according to a joint statement Tuesday from the firms.
October 21 -
The firm left John Stumpf's pay unchanged at $19.3 million after the firm generated a bigger profit than any other U.S. bank for a second straight year.
March 18 -
Morgan Stanley Chairman and CEO James Gorman's compensation package for last year includes a $4.44 million stock bonus, down 13% from his 2013 award.
January 26 -
City National's sale to RBC bestows new wealth on two men who have served as Hollywood's private bankers since Steven Spielberg filmed "Jaws."
January 26 -
Citigroup and Goldman Sachs Group were among 10 banks fined for failing to shield analysts from pressure to promote stocks a decade after a U.S. crackdown sought to end Wall Street conflicts of interest.
December 11 -
A new generation of Wall Street bankers is about to get a raise, as firms open wallets to head off defections to investment funds and Silicon Valley.
By Hugh SonAugust 21 -
Banks including JPMorgan Chase, Citigroup and Morgan Stanley have been notified regulators are preparing enforcement actions on currency rigging, people familiar with the investigation said.
August 14 -
Citigroup agreed to pay $7 billion in fines and consumer relief to resolve government claims that it misled investors about the quality of mortgage-backed bonds sold before the 2008 financial crisis.
July 14