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The firm's most recent lawsuit over alleged non-solicitation violations centered on an advisor's thank-you cards to clients.
August 8
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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.
August 8
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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.
August 6
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One team wanted more flexibility and time to manage their clients’ financial needs.
August 5
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The new recruits join the firm’s employee channel from both wirehouses and the independent space.
August 5
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The two advisors will name the team’s practice after their shared experience working for the military.
August 2
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Former retail brokerage head David Kowach is moving to the consumer bank.
August 1
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Profitability is improving and all divisions, except the firm’s biggest — wealth management — surprised the market on the upside.
July 24
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The declining headcount comes even as the firm pulls in several big hires.
July 23
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The wirehouse’s pipeline for incoming brokers is at a two-year high.
July 22
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James Gorman dismissed any speculation after the unit posted record revenue and pretax profit in the second quarter.
July 18
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The beleaguered bank has suffered from attrition since a fake accounts scandal rocked the firm in 2016.
July 17
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The offering would mirror a similar move by Charles Schwab to offer clients a new pricing plan for its robo service.
July 16
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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.
July 12
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Even as the wirehouse has cut back on recruitment, the hire of two new industry veterans show it’s still looking for top teams.
July 12
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The wirehouse’s latest litigation suggests other everyday activities of defectors could come under scrutiny.
July 11
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Two perennial champions retained their top ranks in 2019 — but the aging demographic poses challenges for all firms, according to J.D. Power.
July 10
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The wirehouse is giving the ultrahigh-net-worth crowd a more complete view of their finances, says Don Plaus head of private wealth management.
June 27
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Six of the new recruits broke away from Merrill Lynch.
June 25
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Six months in, the wirehouse is taking an unusually hands-on approach in its first foray into the RIA space.
June 24
