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Wealth Management

Dripping Tap

Financial Markets

HSBC To Axe Another 1,149 Jobs

Drip, drip, drip.

Barclays Sign

Financial Markets

Barclays Says Goodbye To Last Of Diamond Cohorts

Barclays’ investment-banking chief Rich Ricci and wealth-management head Tom Kalaris, two of the last remaining members of former Chief Executive Officer Robert Diamond’s management team, will step down.

Morgan Stanley HQ

Financial Markets

Morgan Stanley Beats On Wealth Management Gains

Morgan Stanley reported quarterly earnings and revenue Thursday that topped analysts' expectations, citing record gains in its global wealth management business.

Barclays Building Sign

Financial Markets

Big Management Changes At Barclays

Barclays has announced changes senior management within Corporate and Investment Banking, Wealth and Investment Management, and Barclays’ business in the Americas .

UBS Logo

Financial Markets

UBS Shocks Managers With 'Risk Of Extinction'

When UBS wealth manager Abdallah Najia came to Switzerland from Dubai in March for a week of training, he was as stunned by the message as by the scenery.

Morgan Stanley HQ

Financial Markets

Morgan Stanley Will Buy Rest Of Brokerage Following Fed Approval

Morgan Stanley, owner of the world’s biggest brokerage, will buy the remaining 35% of its wealth-management venture with Citigroup after winning Federal Reserve approval in the regulator’s annual stress test.

Sergio Ermotti

Financial Markets

UBS CEO: 'A Terrible Mistake'

UBS has no plans to sell its U.S.-based wealth management arm, the former Paine Webber brokerage, Chief Executive Sergio Ermotti said on Wednesday.

Revolving Door

Financial Markets

Nomura EMEA CEO Departs, Morgan Stanley Brokerage Has New Vice Chair

Nomura has lost its European figurehead after the abrupt departure of its regional chief executive in yet another management change at the Japanese bank.

Pair Of Scissors

Financial Markets

Top Firm Increases Cost-Cutting Goal By 10%

Costs are still key.

Hands Over Eyes

Financial Markets

Top Firm Unit Accused Of Being Out of Control: A Culture of Fear, Intimidation and Bullying

Another PR problem.

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