AllianceBernstein expects to cut an additional 75 staff in the second quarter, most of whom will be non-investment staff, who now number 530.
AllianceBernstein Eliminated 237 Positions in First Quarter
March 31, 2009, 4:20 p.m. EDT 1 Min Read
For reprint and licensing requests for this article, click here .
MORE FROM FINANCIAL PLANNING
-
Terri Kallsen will precede him next year as chair of the Board of Directors; Seay will take over that role in 2027.
July 16
-
The popular industry recruiting and retention barometer provided another window into the challenges facing LPL Financial with its latest major acquisition.
July 16
-
The Wall Street powerhouse has built its wealth division in large part through big deals but is not "looking to make acquisitions just for the sake of it, " said CEO Ted Pick.
July 16
-
But the Bank of America subsidiaries nonetheless reported rises in AUM and net revenue in the second quarter while adding thousands of new client relationships.
July 16
-
The accusations led to the end of 16 years at the firm.
July 15
-
In an earnings call Tuesday, CEO Charlie Scharf credited brokers in the firm's branches for working with consumer bankers for a 10% increase in new assets.
July 15
