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The banks wealth and investment services generated $9.9 million in revenue, up 23.4% from the previous quarter and up 27.1% year-over-year. The increase was driven primarily by the banks brokerage unit.
January 17 -
In another sign of the improving tenor of the municipal bond market, muni mutual funds recorded their first inflows in 34 weeks, Lipper FMI numbers showed.
January 17 -
Bank of New York Mellon Corp., the worlds largest custody bank, said fourth-quarter earnings fell 18% because of a loss related to an equity investment.
January 17 -
Perhaps the greatest challenge banks face these days is somehow balancing the desire to grow with the very real need to reduce overhead.
January 17 -
Regulators' attempt to carve out an exemption for small banks from a key part of the Volcker Rule satisfied most institutions that feared getting swallowed up in the Dodd-Frank Act provision, but left others still vulnerable to the regulation and facing significant losses.
January 17 -
Morgan Stanley reported profit that beat analysts' estimates as equity-trading revenue increased and earnings from wealth management climbed to a record.
January 17 -
On the heels of a companywide rebrand, some advisors think 'Here we go again'; others are happy with the change.
January 17 -
Edelman Financial Group announced Thursday that Tiburon Strategic Advisors managing partner Charles "Chip" Roame has been added to its board of directors.
January 16 -
Gearing up for more stringent regulations ahead, SIFMA is calling on regulators to better coordinate efforts and craft a business-model neutral fiduciary standard.
January 16 -
A number of Morgan Stanley advisors have left the firm to join independent broker-dealers and advisory firms.
January 16
