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Adviser recruiting was not expected to be affected, according to people with knowledge of the matter.
By Jeffrey VögeliJuly 11 -
The bank suffers net income declines, while volatility causes a slump in trading across the firm.
May 3 -
Tidjane Thiam, seeking to reassure investors about his ability to turn around the troubled firm, pledged to continue efforts to cut costs.
April 29 -
The wirehouse may be headed for a third straight disappointing quarter in wealth management, its biggest division.
April 24 -
The executive was a driving force behind the firm's effort to develop bitcoin technology for the industry.
March 30 -
Tidjane Thiam received less pay than his target after the chief executive officer volunteered for a 40% bonus cut as a gesture to beleaguered traders.
March 24 -
The firm's CEO said performance at the wealth management and investment banking units has failed to recover in the first quarter with “challenging conditions” continuing into this year.
March 16 -
A multi-year plan coincided with third-quarter results that missed analyst estimates, partly because of a bigger-than- expected drop in managing clients' money, the business the company wants to expand.
October 21 -
CEO Tidjane Thiam said he plans to allocate more resources to wealth management and strengthen the bank's position in Asia, while scaling back the investment bank, mirroring an approach of UBS.
October 9 -
CEO Tidjane Thiam is under pressure to make deeper cuts to its investment bank and allocate more resources to wealth management. Thiam told staff in a memo on his first day on the job in July that he would be "ruthlessly selective" about where the bank allocates its resources.
October 9