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Two firms were fined over $100,000 for not disclosing nearly $5M in loans to clients.
July 19
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Firms and brokers would contribute to a pool to compensate investors who were defrauded but are unable to collect, according to one recommendation.
July 19
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The Birmingham, Ala.-based bank generated $103 million in second-quarter revenue from its brokerage, trust and insurance operations, up 6.2% year-over-year.
July 19
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The recruit joined the elite firm's outsourced CIO team after more than a decade at SEI Investments.
July 19
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The digital platform added $1.6 billion from the first quarter.
July 18
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The recruit is joining an existing practice, boosting the team's assets to $1 billion, according to the firm.
July 18
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Profits rose 8% year-over-year at the bank's Global Wealth & Investment Management unit, which includes Merrill Lynch and U.S. Trust.
July 18
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The hit smartphone game Pokémon Go taught banks a lesson in mobile strategy this week: gamify it.
July 18
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The approaching milestone represents growth of about 30% in the past 9 years.
July 15
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Second-quarter profits from wealth management and securities services jumped 56.3% to $100 million from $64 million a year ago.
July 15
