News Roundup (677)
Taylor Swift Dodged FTX Mess with Due Diligence: Report
- Saturday, 29 April 2023
- News Roundup
- Written by PFA News
Taylor Swift appears to have avoided potentially being tied up with now-bankrupt crypto exchange FTX through some basic due diligence. So reports CNBC.
Read more...What, Me Worry? Wall Street Finally Confronts Default Risk
- Friday, 28 April 2023
- News Roundup
- Written by PFA News
After months of quiet, many on Wall Street have begun to warn about the urgent risk that, without a deal in sight on raising the U.S. debt ceiling, the government might default on its debt, likely driving the economy into recession. So reports Politico.
Read more...First Republic Advisor Exodus Leads Mainly to Morgan Stanley
- Monday, 17 April 2023
- News Roundup
- Written by PFA News
Since the turmoil that seized the banking sector with the mid-March failure of Silicon Valley Bank, at least 21 advisors have left First Republic Bank, with 13 heading to Morgan Stanley. So reports AdvisorHub.
Read more...BofA Cuts Wealth Management, Lending Staff
- Thursday, 30 March 2023
- News Roundup
- Written by PFA News
Bank of America has pared its wealth management, banking and lending division citing the market environment. So reports Bloomberg.
Read more...UBS CEO Gets 11% Raise While Cutting Bonus Pool by 10%
- Saturday, 11 March 2023
- News Roundup
- Written by PFA News
UBS Group has announced an 11% pay hike for CEO Ralph Hamers at the same time as the Zurich-based lender disclosed a 10% cut to its overall bonus pool. So reports Bloomberg.
Read more...Merrill Promotes New Private Wealth Boss
- Saturday, 11 March 2023
- News Roundup
- Written by PFA News
Merrill Lynch has named Merrill Private Wealth Management’s Northeast division head, Lindsay Hans, as head of Private Wealth Management. So reports WealthManagement.com.
Read more...Wells Fargo Advisors Slims to Four Regions in Overhaul
- Friday, 24 February 2023
- News Roundup
- Written by PFA News
Wells Fargo Advisors has shrunk its field leadership from seven regions to four as part of restructuring aimed at cutting costs. So reports AdvisorHub.
Read more...Ex-Wells Fargo Advisor Sues for Alleged Rape by Superior
- Thursday, 09 February 2023
- News Roundup
- Written by PFA News
A former Wells Fargo advisor has sued the bank and four male ex-colleagues, alleging that a male regional manager raped her and was enabled by the other former co-workers. So reports NBC News.
Read more...Merrill’s Sieg Rules Out Independent Model for Advisors
- Thursday, 26 January 2023
- News Roundup
- Written by PFA News
A top Merrill Lynch executive has poured cold water on the idea of the bank allowing financial advisors to work with the Wall Street giant through the increasingly widespread independent model. So reports Financial Planning.
Read more...BNY Mellon Plans to Lay Off About 1,500 Employees
- Thursday, 26 January 2023
- News Roundup
- Written by PFA News
Bank of New York Mellon has leaked plans to cut the jobs of about 1,500 people this year, representing roughly 3% of its workforce. So reports Bloomberg.
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