Investment banking

Cloning funds and shifting client cash may be Wall Street’s best hope for challenging the dominance of firms like State Street, BlackRock and Vanguard.

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.

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

On the wealth management side, Morgan Stanley posted $4.41 billion of revenue, which was 2% higher than last year and blew away analysts’ estimates for a 9% decline.

The purchase gives the firm, which relies on the U.S. for nearly all revenue, a foothold in Canada.

BlackRock will appoint an “independent fiduciary to vote” on proxies, according to a spokesman.

The firm’s fixed income and currencies trading unit head is among the high-profile executives to leave, according to people familiar with the matter.

The deal will give Janney greater access to the community banking sector.

The robo advisor rolled out a new partnership with a handful of banks to give clients a fully insured place to keep their cash.

Goldman Sachs is looking to sell more services to midsize companies under a plan to generate $5 billion in additional revenue.

In a surprise move, Liz Nesvold sells investment bank Silver Lane Advisors to Raymond James Financial.

Overseeing money for the rich is supposed to be one of the best businesses in banking, but even the world’s biggest wealth manager is finding that it doesn’t always work out like that.

Nobody at the firm today owns more of its stock than Greg Palm.

The banker involved in a case going before the justices is accused of misrepresenting the financial condition of a client.

Investors cheering the firms' knockout third-quarter results may just be setting themselves up for a sucker punch.

One of the biggest drivers of the better-than-expected earnings was the good economy and prudent lending.

The latest revelation of misconduct comes as the bank tries to overhaul its internal culture after two years of lawsuits, investigations and fines.

As turnaround plans at peers such as Credit Suisse gather speed, some investors are asking whether UBS is doing enough to sustain its lead.

The firm is, all of a sudden, Wall Street’s big spender.

Susan Elolampi will be company's latest high-level hire following a dozen appointments in recent months.