UBS to Cut Staff Up to 30%
As many as 11,000 employees will be laid off in Switzerland, and another 25,000 worldwide, the Swiss newspaper said, citing unidentified managers.
Recent
Schwab Can Survive This, But Thriving Will Be A Challenge
The elephant in the discount brokerage room is what happens to commissions when the cash sweep spread turns negative. Fee inflation is coming.
Merchant, Inspirion Partnership Accelerates Growth of Multi-Generational Chicago RIA
IWA has worked with Merchant to develop organic and inorganic growth opportunities and identify resources to deliver more sophisticated solutions.
Goldman Top Of The M&A Ladder And Moving Mass Market Fast
Since taking over from Lloyd Blankfein, Solomon has looked to diversify revenue, with more focus on consumer banking and mass market investors.
Retail Trading Boom Drive Record Schwab Revenue
Average daily trades almost quadrupled to 5.5 million from a year earlier but fell from the previous quarter’s 6 million level.
Wells Fargo: Banking Still Slowing The Advisors Down
The corporate pivot is still happening but not fast enough to overcome the drag from an eroding consumer lending unit. And the bank footprint shrinks.
Morgan Stanley Sees Wealth Management Up 25% From Last Year
Net interest income actually increased despite the zero-rate environment while the investment banking side hit records in the quarter.
