Financial institutions

Charlie Scharf’s insensitive and factually incorrect remark perpetuates a damaging trope, financial advisor Lazetta Braxton writes.

Several companies said this week they’re slashing expenses as the economy limps along. Others would prefer to keep investing in new technologies to better gauge which changes in consumer behavior will stick.

Three out of the top four RIA custodians compete directly with their RIA clients through their networks of branch offices and call centers.

It’s the latest team to exit the wirehouse as profit suffers.

The company's outgoing CFO discussed ways the asset cap is stunting growth, but provided no updates at an industry conference on when the restriction might be lifted or the types of jobs it will cut.

Talk about European banking consolidation has been heating up as the coronavirus pandemic adds to challenges such as negative interest rates that have weighed on profitability for years.

The pandemic has underscored the need for more socially and environmentally responsible financing.

The free lunches are over. Sort of.

The bank is more diligent than its rivals in helping to reduce the spread of coronavirus, according to a new study.

The new information sheds light on how an industry leader is grappling with one of the profession’s most pressing issues.

The new additions oversaw more than $275 million at their former employers.

The executive shuffle at the company continues as Credit Suisse America’s Paula Dominick is hired to replace Mike Roemer as chief compliance officer. It also hired or promoted four line-of-business chief risk officers and an enterprise testing leader.

There are currently no plans to replace the longtime wirehouse leader, whose responsibilities will be divided among other executives.

Do RIAs still have a clear advantage when it comes to modern planning software?

With higher compensation offers and a track record of independence, the No. 1 IBD is “challenging the status quo,” its head recruiter says.

The initiative is intended to help advisors manage increasingly large and complex teams.

“We basically had clients demanding that we find a new home,” after Wells Fargo failed to secure PPP loans for them, an advisor says.

The new additions help offset some recent departures at the wirehouse.

Amid coronavirus-imposed lockdowns, the firm will retool and retrain approximately 3,000 young advisors.

The wirehouse added a pair of veteran advisors from its rival after picking up several new hires in recent weeks.