Financial institutions

Clients have filed hundreds of similar claims against UBS since 2013, with aggregate damages of $2.6 billion.

Earnings reports this week showed the firms are increasingly rushing into a booming market for lending to wealthy clients. So far, it’s paying off.

Net income increased 31% from a year ago.

A bonus introduced earlier this year has helped fuel client acquisition, executives say.

Executives at the beleaguered firm say they are focused on quality, not quantity.

Schwab, Vanguard and LPL explained their approach to campaign donations as the industry and its supporting sectors provided $19 million in PAC contributions.

The brokers moved their practices to rival firms Ameriprise and William Blair.

While he inherited a tough job, two years in it’s hard to find a single business metric that has improved,

About 1.2 million square feet of office space will be overhauled in the next 15 months to put technology experts closer to brokers, traders and bankers.

The new hires come almost a year after the two firms quit the Broker Protocol.

A former employee suing the firm for racial discrimination says he was not properly notified of changes in how Morgan resolves disputes.

Wirehouses’ overzealous overhauls of compensation rubrics convey a message of instability to financial advisors.

Most of the 150 markets are in areas 30 miles away from the nearest Bank of America branch.

The firm had sued a former $660 million team that moved in September to Stifel.

After a request for more time, clients may continue selling stocks, but transactions will be subject to review.

Copying big banks, smaller institutions are pairing with robos to meet changing mass-affluent preferences in long-term investment products.

The advisors also reject the wirehouse’s claims they violated non-solicitation agreements.

The holidays must be coming soon because BIC is working on its annual ranking of top bank advisors.

The firm claims it is also missing important documents related to a large institutional client.

Betsy Duke took the rare step of denying the bank is looking to replace Chief Executive Tim Sloan.