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The firm's wealth management business saw strong new assets inflows in the first quarter, particularly from its business catering to family offices.
April 16 -
The departure comes amid continued turn at the head of the bank's wealth management ranks.
April 15 -
The New York megabank is working to deploy artificial intelligence as it seeks to make its own operations more efficient. Solomon also sees an "unprecedented" opportunity in financing clients' needs as they invest in AI.
April 15 -
Executives say the results show the wisdom of the firm's deliberate decision to focus on high net worth clients.
April 15 -
The annual rush to pay Uncle Sam means the Treasury doesn't need to issue as much short-term debt as in other months to fund the U.S. government.
April 15 -
The first three months of 2024 were hard on Wells Fargo — particularly for its wealth management division.
April 12 -
The banking giant nonetheless saw strong growth in net new assets in the first quarter and a 14% jump in returns from asset management fees.
April 12 -
Citigroup reported lower first quarter earnings within its wealth unit compared to a year ago. But earnings overall have improved from the fourth quarter, when it took significant losses as it finishes a major organizational restructuring.
April 12 -
An expungement lawyer contends firms have an incentive to tar the reputation of departing brokers in an attempt to retain assets under management.
April 11 -
The SEC, the Office of the Comptroller of the Currency and other Treasury Department offices arre all looking into the Wall Street giant's anti-money laundering measures.
April 11