Edition:
United States

Jed Horowitz

Wells Fargo wins deal to recruit Credit Suisse U.S. brokers

Oct 20 2015

NEW YORK Credit Suisse Group AG has awarded Wells Fargo & Co the exclusive right to recruit the Swiss bank's brokers who work in the United States, the companies said on Tuesday.

Wells Fargo wins deal to recruit Credit Suisse U.S. brokers

Oct 20 2015

NEW YORK Credit Suisse Group AG has awarded Wells Fargo & Co the exclusive right to recruit the Swiss bank's brokers who work in the United States, the companies said on Tuesday.

Charles Schwab profit up 17 percent in third quarter

Oct 15 2015

NEW YORK Charles Schwab Corp, the discount brokerage pioneer that is expanding into fee-based advisory accounts, said on Thursday that third-quarter profit jumped 17 percent on higher trading commissions and interest revenue.

Bank of America wealth earnings slammed by stock market rout

Oct 14 2015

NEW YORK Bank of America Corp said its wealth management business' income plunged 19 percent in the third quarter, underscoring how stock market selloffs can torpedo even an area that banks see as relatively safe and stable.

Bank of America wealth earnings slammed by stock market rout

Oct 14 2015

NEW YORK, Oct 14 Bank of America Corp said its wealth management business' income plunged 19 percent in the third quarter, underscoring how stock market selloffs can torpedo even an area that banks see as relatively safe and stable.

FINRA to propose investment rules to protect elderly

Oct 13 2015

NEW YORK A U.S. securities regulator, aiming to protect elderly clients from scams and their own diminished mental capacity, will propose rules requiring brokers to identify - when an account is opened - a "trusted" person who can make financial decisions if the client's judgment becomes impaired.

U.S. regulator to propose investment rules to protect elderly

Oct 13 2015

NEW YORK, Oct 13 A U.S. securities regulator, aiming to protect elderly clients from scams and their own diminished mental capacity, will propose rules requiring brokers to identify - when an account is opened - a "trusted" person who can make financial decisions if the client's judgment becomes impaired.

Regulator revises proposed rule on muni bond pricing disclosure

Sep 25 2015

A U.S. regulator on Thursday modified a proposed rule in hopes of making it easier and less expensive for bond dealers to tell retail customers how much above wholesale they are paying to buy or sell municipal bonds.

LPL hires former Wall St regulator to bolster regulatory expansion

Sep 17 2015

In a sign of the growing importance of regulation and compliance at independent brokerages, LPL Financial Group is splitting its regulatory affairs group in half and hiring another former Wall Street regulator to help run the department.

LPL hires former Wall St regulator to bolster regulatory expansion

Sep 17 2015

In a sign of the growing importance of regulation and compliance at independent brokerages, LPL Financial Group is splitting its regulatory affairs group in half and hiring another former Wall Street regulator to help run the department.

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