Demographics

“The bank had better tools and systems to detect employees who did not meet unreasonable sales goals than it did to catch employees” engaging in misconduct, the regulator said.

The bank's former chief executive will pay a $17.5 million penalty and be banned from the industry.

The promotions positions Jim’s son Nathaniel Simons to assume his father’s role as chairman under a succession plan that began about a decade ago.

Some of Wall Street's most prominent executives have this in common: a long tenure.

The changes come a month after she was named CEO of the bank’s newly formed wealth management unit.

Assets under management at Nancy Prior’s group, which includes bond and money market funds, have grown from $714 billion under her leadership.

Don't neglect the FAFSA and other ideas to help families with annual incomes of more than $300,000.

“Everything’s on the table for consideration,” the bank's chief financial officer told investors. “He’s certainly not beholden to decisions that we made previously.”

Workers from both generations share similarities — and financial pressures — when planning for retirement, writes an expert.

The top brass being unaware of this stuff happening on their watch doesn’t inspire confidence.

Competition with an ever-rising stock market, the difficulty of raising assets and the steady march of time are just a few factors leading managers to the exit.

Female clients should start as early as possible and take advantage of the employer match, contributing at least 15% of their income.

With Portfolio Intelligent Income, the discount brokerage is shifting some of its focus toward clients ready to spend their investments.

In 90% of families, wealth disappears by the end of the third generation.

One tip for younger clients is to create multiple income streams that are subject to varying tax treatments.

The Chase Wealth Management and J.P. Morgan Securities operations will become one unit with $400 billion in assets.

The Wall Street executive founded three companies, including private-equity firm Lightyear Capital.

At a meeting last year, the firm’s CEO discussed how behavior would be held to a higher standard than rank-and-file employees, people familiar with the matter said.

Mark Wiseman, global head of active equities and frontrunner to succeed CEO Larry Fink, said he failed to disclose a consensual relationship with a colleague.

Helping clients develop a solid investment strategy is an important step to help them survive market volatility.