UBS

The move will merge capital-markets teams across wealth management and the investment bank in the U.S.

CEO Sergio Ermotti's base pay is 67% higher than the average at European banks.

The bank has considered buying DWS to combine it with its own unit and spin the two off as a separate entity, sources said.

It’s the biggest advisor move of the year.

The firm’s new recruits include a 31-year Merrill Lynch veteran.

The hit to wealth management from a difficult trading environment was already visible in the fourth quarter.

Cautious clients and muted markets are making CEO Sergio Ermotti’s job more difficult.

Fifty-nine percent of women age 20 to 34 defer investing and financial planning to spouses, according to a new survey.

The bank elevated 60 financial advisors and 36 Americas staff.

UBS advisor Michael Lorenzo is carefully eyeing “the impact that systematic strategies had on the markets, especially as 2018 is the new normal.”

Investors with this trait are a lot easier to work with, says UBS advisor William Wilson.

The bank was ordered to pay more than $5 billion over a tax-evasion case in France.

The megabank was ordered to pay billions over a tax-evasion case.

Though the firm reduced recruiting efforts in 2016, it continues to selectively hire talent from rivals.

In the U.S., investors pulled $174 billion out of active equity funds last year as stock pickers struggled to outperform their benchmarks.

Increased volatility, rising protectionism and geopolitical tensions are still weighing on investors, the firm said.

Overseeing money for the rich is supposed to be one of the best businesses in banking, but even the world’s biggest wealth manager is finding that it doesn’t always work out like that.

It’s a topic that’s been forced into the open in recent weeks, testing a long-standing partnership between the chief executive and Chairman Axel Weber.

Advisors Daniel Conners and Michael Crawford were looking for new tech and more comprehensive planning offerings for their clients.