Bank of America

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  LPL Trust Unit Aims to Boost Sales, Hires

  By Janet Levaux, AdvisorOne  |  January 23, 2013

  The Cleveland-based Private Trust Co. has added two executives and plans to work more with independent advisors affiliated with LPL.

• Wirehouses Roll Out ’13 Comp Plans

  By Janet Levaux, AdvisorOne  |  January 23, 2013

  After getting feedback from top advisors, Morgan Stanley said in December that it will share a new stock-ownership plan with reps in 2013.

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  Dallas Fed’s Fisher: How to End Too-Big-to-Fail Now

  By Gil Weinreich, AdvisorOne  |  January 18, 2013

  The Dallas Fed’s Fisher denounced the injustice of having to choose between a bailout for the top 0.2% of banks or see the economy lose more than two years of economic output in a new crisis.

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  BofA Profit Off 63% as Wealth Unit Doubles Its Earnings

  By Janet Levaux, AdvisorOne  |  January 17, 2013

  The wealth unit of Bank of America sees its net margins top 20%, as its advisor headcount dips slightly.

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  Goldman, Morgan Stanley Settle Mortgage Complaints for $557 Million

  By MARCY GORDON, AP BUSINESS WRITER  |  January 16, 2013

  Goldman Sachs and Morgan Stanley will pay a combined $557 million to settle federal complaints that they wrongfully foreclosed on homeowners who should have been allowed to stay in their homes.

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  Merrill, UBS Grab Teams From Morgan Stanley

  By Janet Levaux, AdvisorOne  |  January 14, 2013

  Six veteran advisors jump from one wirehouse to another in New Jersey.

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  BofA’s Giving Record ‘Mediocre,’ Goldman’s Is ‘Miserly’: Charity Watchdog

  By Michael S. Fischer  |  January 11, 2013

  The National Committee for Responsive Philanthropy has issued a highly critical report on the performance of the corporate foundations of Bank of America, Goldman Sachs, Wells Fargo and JPMorgan Chase.

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  Top 7 Biggest Bank Fines

  By Dan Berman, AdvisorOne  |  January 11, 2013

  AdvisorOne finds that all of the biggest bank penalties have been levied in the last 10 years, with most of them since the financial crisis started in 2008.

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  What’s Behind FINRA’s Newfound Move on Disclosing Broker Bonuses?

  By Bob Clark, AdvisorOne  |  January 11, 2013

  A cynical observer might think the impetus for the newly "fiduciary conscious" FINRA's proposed rulemaking was to discourage brokers from demanding bonuses when they switch broker-dealers.

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  Will Gold Lose Its Luster in 2013? Commodities Outlook

  By Janet Levaux, AdvisorOne  |  December 27, 2012

  Many analysts are generally bullish on commodities for 2013, expecting rises in precious-metals prices, but the World Bank disagrees with the consensus.