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A new consumer financial protection bill would expand duties for brokers and insurance providers.
February 8
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The bank says it has restored access, but it hasn’t explained how a fire-suppression system at one facility could cause a nationwide outage across all of its channels, or how its system as a whole could have been left so vulnerable to the incident.
February 8
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Securities Service Network is pitching advisors on its tax offerings, access to management and parent-firm resources.
February 8
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Mortgage rates fell to their lowest level in 10 months, bringing good news for house hunters as spring's home buying season approaches, according to Freddie Mac.
February 8
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Reva Shakkottai has been with the firm for a decade.
February 8
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“The board's record of summarily approving mergers raises doubts about whether it will serve as a meaningful check on this consolidation that creates a new too big to fail bank,” Sen. Elizabeth Warren said in a letter to the Fed.
February 8
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U.S. and European ETFs were stung by redemptions in January even as developed markets added trillions in value.
February 8
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The biggest bank merger in 10 years makes a lot of sense at the top levels, but some advisors may find their new home restrictive, an observer says.
February 7
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House Financial Services Chairwoman Maxine Waters said the merger is a direct result of a regulatory relief bill that was signed into law in May.
February 7
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The stars aligned for the two longtime rivals to join forces, and some observers speculate that other regional banks will need to strike similar partnerships if they hope to remain competitive. But others say such deals are rare because they're hard to pull off.
February 7
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Advisors cheered when Tim Hockey told them that growth in the retail channel would not come at the expense of its institutional network.
February 7
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The industry's largest acquisition in more than a decade will create the sixth-biggest bank in the country, with assets of more than $442 billion.
February 7
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Two advisors who joined Alex. Brown after the Deutsche Bank acquisition in 2016 seek to void the FINRA panel's arbitration decision in a court challenge.
February 7
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The firm's efforts are a sign of the quickening pace of adoption in wealth management of AI-powered technologies and voice recognition software.
February 7
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Customers reported being unable to access online banking, mobile banking or their debit cards.
February 7
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SPIKES, a product from MIAX Options, is being pitched as a lower-cost alternative.
February 7
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Higher costs are most attributable to technology spending, including investments in artificial intelligence.
February 7
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Multiple rate hikes by the Fed last year contributed to less-than-stellar results.
February 6
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He’s the latest broker to leave a wirehouse for a regional BD.
February 6
