Finance

Despite loosening regulations and the president’s tax cuts, BofA continued a string of lackluster second-quarter earnings for the big banks.

The closure could signal that remaining retail players are short on patience for neutered products.

Total broker head count dropped by 173 from the prior quarter, according to the wirehouse.

Data reported by the Investment Company Institute.

Susan Elolampi will be company's latest high-level hire following a dozen appointments in recent months.

Inflows have persisted since the infamous “volpocalypse” in early February.

Muted core inflation increases and relentless haven flows have kept a lid on longer-dated developed-market yields.

The firm’s equity-trading business head Ted Pick, promoted to lead its division of investment bankers and traders, is one possible successor.

Investors have found the sector attractive again as Treasury yields dropped to 2.8% in six days.

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