Banco Popular de Puerto Rico

Matrix Wealth Partners, partly owned by Fuld, will complement Matrix Advisors, a consulting firm that Fuld set up after Lehman's 2008 bankruptcy.

James Gorman earned $22.5 million after the firm made progress toward financial targets and its stock rose by a third.

With Brexit and the presidential elections sending stocks into the biggest tailspins since the flash crash, almost everyone lost their nerve at some point. But investors who didn’t flinch are reaping the rewards.

The wirehouse will make “many” of the pricing and product design changes it planned last year, include lowering commissions for trades involving stocks and ETFs “to the benefit of our clients,” according to an internal memo.

The move is intended to better satisfy clients who are increasingly asking for more clarity, according to the firm.

Seven former private bankers said they functioned less as advisers than as salespeople.

The central bank provided little direction on when it might next raise borrowing costs, as officials grapple with the uncertainty created by a new presidential administration.

The financier may be offered an ambassadorship or another job instead of appointing him to a top role advising President Donald Trump.

If Acosta is confirmed, one of his most immediate decisions will be how to handle the Obama-era regulation. Labor department officials say they expect him to bring a conservative approach.

The senator isn't waiting for attorney Jay Clayton's confirmation hearing to ramp up her opposition.