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The smaller shrinking of the wirehouse's headcount in 2023 underscored a successful year of growth for the megabank's wealth arm.
January 18 -
The unit has $603 billion of assets under management and employs more than 450 investment professionals.
February 23 -
Net interest income, the firm’s biggest source of revenue, sank 16% last year.
February 1 -
CEO Charlie Scharf’s long-awaited expense-reduction plan got a chilly reception from investors.
January 15 -
To streamline the company, CEO Charlie Scharf has been looking to sell certain businesses since taking over in 2019.
January 15 -
The firm’s chief executive began setting the stage last year when he broke the company’s three business lines into five.
January 5 -
It’s at least the second time in just a few weeks that the firm has sought to limit the expense of rewarding well-paid employees.
November 5 -
The firm expects to receive bids this month, according to a person familiar with the matter.
October 23 -
The firm determined that the staffers defrauded the SBA “by making false representations in applying for coronavirus relief funds for themselves.”
October 15 -
Charlie Scharf’s insensitive and factually incorrect remark perpetuates a damaging trope, financial advisor Lazetta Braxton writes.
September 292050 Wealth Partners