Financial institutions

“We are looking at those issues about consolidation as one part of the equation,” Chief Executive Officer Sergio Ermotti said.

UBS Global Wealth Management, which oversees more than $2.48 trillion in invested assets, has gone underweight on equities for the first time since the euro-zone crisis.

The Anthony Bunnell addition comes amid expansion of the firm’s its retirement plan business this year.

The bank's performance puts it behind its largest U.S. competitors this year, signaling frustration in the market over the board’s quiet search.

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Almost a year after taking over at the firm's investment bank, co-heads Piero Novelli and Rob Karofsky are working on their first shake-up of the business.

The firm's most recent lawsuit over alleged non-solicitation violations centered on an advisor's thank-you cards to clients.

The Massachusetts senator asked Richard Fairbank in a letter why the bank didn’t detect the breach for nearly four months and how it plans to prevent future cyber intrusions.

The bank, which has made wealth management its central focus, plans to charge its Swiss clients an annual fee of 0.6% on deposits of more than 500,000 euros.

One team wanted more flexibility and time to manage their clients’ financial needs.

The new recruits join the firm’s employee channel from both wirehouses and the independent space.

The two advisors will name the team’s practice after their shared experience working for the military.

Former retail brokerage head David Kowach is moving to the consumer bank.

Profitability is improving and all divisions, except the firm’s biggest — wealth management — surprised the market on the upside.

The declining headcount comes even as the firm pulls in several big hires.

The wirehouse’s pipeline for incoming brokers is at a two-year high.

James Gorman dismissed any speculation after the unit posted record revenue and pretax profit in the second quarter.

The beleaguered bank has suffered from attrition since a fake accounts scandal rocked the firm in 2016.

The offering would mirror a similar move by Charles Schwab to offer clients a new pricing plan for its robo service.

Cathy Bessant is among executives who remain in talks with Wells Fargo, while JPMorgan Chase’s Gordon Smith won’t be taking the job, according to people with knowledge of the situation.