Edition:
United States

Joseph A. Giannone

Baer seen close to buying Merrill's non-U.S. wealth units

Aug 10 2012

LONDON/NEW YORK Julius Baer is close to an agreement to acquire Bank of America's Merrill Lynch wealth management business outside the United States, two people familiar with the situation said, a deal that could expand the Swiss private bank's client assets by 50 percent.

Stifel CEO betting markets will rebound soon

Aug 08 2012

NEW YORK Stifel Financial Corp's second-quarter profit soared, but lagged expectations as Chief Executive Ron Kruszeokwski bulked up the firm's brokerage and investment banking capabilities ahead of what he sees as a coming market rebound.

Morgan Stanley considers shutting offices, cutting staff - sources

Aug 08 2012

NEW YORK Morgan Stanley , under fire to boost profit margins in its retail brokerage arm, is considering closing brokerage offices, laying off support staff and requiring some branch managers also to generate revenue as advisers under a cost-cutting drive, three people briefed on internal discussions said.

Morgan Stanley considers shutting offices, cutting staff: sources

Aug 08 2012

NEW YORK Morgan Stanley , under fire to boost profit margins in its retail brokerage arm, is considering closing brokerage offices, laying off support staff and requiring some branch managers also to generate revenue as advisers under a cost-cutting drive, three people briefed on internal discussions said.

Morgan Stanley considers shutting offices, cutting staff - sources

Aug 07 2012

NEW YORK Morgan Stanley , under fire to boost profit margins in its retail brokerage arm, is considering closing brokerage offices, laying off support staff and requiring some branch managers also to generate revenue as advisers under a cost-cutting drive, three people briefed on internal discussions said.

Morgan Stanley considers shutting offices, cutting staff: sources

Aug 07 2012

NEW YORK Morgan Stanley , under fire to boost profit margins in its retail brokerage arm, is considering closing brokerage offices, laying off support staff and requiring some branch managers also to generate revenue as advisers under a cost-cutting drive, three people briefed on internal discussions said.

Morgan Stanley considers shutting offices, cutting staff-sources

Aug 07 2012

NEW YORK, Aug 7 Morgan Stanley, under fire to boost profit margins in its retail brokerage arm, is considering closing brokerage offices, laying off support staff and requiring some branch managers also to generate revenue as advisers under a cost-cutting drive, three people briefed on internal discussions said.

Tough markets took toll on U.S. brokers, advisers in 2011

Aug 06 2012

NEW YORK The number of U.S. financial advisers fell for a third straight year in 2011, as choppy stock markets and thin yields eroded earnings and prompted more brokers to leave the business.

Insight: Morgan Stanley brokers chafe at new system's glitches

Aug 04 2012

NEW YORK Morgan Stanley Smith Barney's new brokerage technology platform has been beset by glitches that have frustrated the firm's financial advisers and made a long and costly merger more expensive, brokers and other people familiar with the situation said.

Insight: Morgan Stanley brokers chafe at new system's glitches

Aug 03 2012

NEW YORK Morgan Stanley Smith Barney's new brokerage technology platform has been beset by glitches that have frustrated the firm's financial advisers and made a long and costly merger more expensive, brokers and other people familiar with the situation said.

World News