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Learn the ins and outs of the wirehouse channel, including news, analysis and more on Bank of America-Merrill, Morgan Stanley, Wells Fargo and UBS.
Merrill Names New Head of Private Wealth Management
By Jeff BermanGreg McGauley will also serve as head of Merrill International and Institutional.
May 19, 2023
Morgan Stanley's Gorman to Step Down After 14 YearsThe CEO says there are three finalists to take over the role following his departure from the firm over the next 12 months.
May 18, 2023
Next Hearing Set for Ex-Broker Charged With Murder of BofA-Merrill ExecA preliminary hearing for Anthony Duwayne Turner, charged with killing Michelle Avan, was postponed until May 29.
May 16, 2023
Wells Fargo to Pay $1B in Class-Action LawsuitIt's one of the largest securities class-action settlements of the past decade, according to lawyers for the investors.
May 04, 2023
Merrill to Pay $1.4M Over Cold CallingAdvisor trainees called numbers on do-not-call lists, according to New Hampshire regulators and FINRA.
May 03, 2023
Morgan Stanley Sued by Outside Recruiter Alleging Race BiasThe recruiter, who is Black, claims the firm shortchanged him on commissions he earned in placing diverse candidates.
May 02, 2023
Morgan Stanley Plans 3,000 More Job CutsThe planned cuts come just months after the firm trimmed about 2% of its workforce.
April 27, 2023
12 Best & Worst BD Stocks: Q1, 2023Some broker-dealers and financial firms found themselves caught up in the fallout from Silicon Valley Bank's March collapse.