Corporate finance

The regulator asked sponsors to hold off on registering funds investing in the currencies. Here’s why.

CEO Jim Cracchiolo says the firm’s headcount is poised for growth again following a stagnant year.

Headcount is down by 200 compared to a year-ago.

CEO is right to resist the temptation of a more drastic overhaul.

The former underdog is settling into its role as one of Wall Street's more well-balanced firms.

Wealth management has “only increased in relevance as it’s continued to grow,” CFO Jon Pruzan said.

The firm also reported that its advisor ranks were up 2% year-over-year, boosted by its training program.

Fourth-quarter profits ticked up a modest 1% year-over-year to $659 million even as number of advisors dropped 2%.

Liquidity and valuation are the regulator’s key areas of concern.

While banks will likely benefit from the lower rate, the new law requires charges in the near-term.