Credit Suisse

The closure could signal that remaining retail players are short on patience for neutered products.

Inflows have persisted since the infamous “volpocalypse” in early February.

Treasury yields have fallen in response to tariffs imposed by the Trump administration, making defensive sector holdings more attractive.

While Raymond James and Stifel are on hiring sprees, Wells Fargo is still losing talent.

The firm scaled back its investment bank after the financial crisis to reduce risk and focus on its large wealth-management business.

Alexandra Court had been promoted to global head of institutional distribution in 2016, a move accompanied by about two dozen job cuts in that division.

The firm’s CEO is counting on growth at the investment bank to drive future returns.

The shake up could strand investors with hard-to-trade securities.

The offering will either directly lend to businesses or invest in the credit of companies facing distress.

The firm is asking a judge to dismiss a class action suit and force a former broker into arbitration, instead.