Emily Dreas, who became a senior executive for the firm's New York market earlier this year, has been busy filling out the firm's leadership ranks with hires from industry rivals.

Goldman Sachs, Bank of America, Wells Fargo and Truist are facing pressure from ISS, Glass Lewis and SOC Investment Group over their 2024 pay packages.

Banks' latest annual reports, filed in the early weeks of the second Trump administration, provide a window into how the industry is adjusting to a new political climate.

The hiring comes roughly a month after Ida Liu resigned and the firm embarked on a regional restructuring.

In an annual report, Bank of America removed "aspirational" diversity goals and replaced the word "diversity" with "talent" and "opportunity," citing new laws and executive orders.

Large banks are starting to disclose the compensation they awarded to their CEOs last year. Early signs point to a bounceback after CEO pay fell in 2023.

The payday comes for a year that saw the bank's annual net income rise just over 2% to $27.1 billion.

Texas and nine other Republican-led states are ratcheting up pressure on Wall Street's diversity programs, asking firms about their policies on hiring and supplier selections as the Trump administration moves to gut DEI.

A suit filed in federal court marks the third time in recent months that Charles Schwab and its affiliates have been accused of failing to prevent elderly clients from being swindled out of their life savings.

Jim Rourke and Michael Liu will serve as co-heads of private client partnership development, linking Bank of America's investment bank, Merrill and the firm's private bank.

Berkshire still holds almost 962 million shares, the filing shows — worth $39.5 billion at Monday's closing price.

Analysts find that funds selling call options tend to do poorly in bull markets and lag behind broader market indexes.

From C-suites down, American finance is quietly reassessing its promises to level the playing field — and, in many cases, rolling them back.

Wells Fargo's Charlie Scharf and Morgan Stanley's James Gorman recorded the biggest gains among the CEOs whose compensation has been disclosed so far.

What do younger clients want from wealth managers? Katy Knox, president of Bank of America's Private Bank, sits down with American Banker Editor-in-Chief Chana Schoenberger to discuss the future of high-net-worth investing and what clients are looking for now.

If you have any questions about Medicare, health care expenses and retirement, Ben Storey has the answers. Watch our interview here.

The fine arises from market manipulation committed by a pair of former employees over the course of nearly seven years.

New trade rec from BoA suggests targeting boomers' wealth — and avoiding millennials'.

Merrill president and co-head Lindsay Hans said the firm is well-positioned for the "largest asset-gathering opportunity that FAs have seen in decades."