banking

• Recruiting Activity Gathering Steam As FAs Embrace Wide Range of Options

  By Janet Levaux, AdvisorOne  |  September 25, 2012

  Many brokers continued to move between the wirehouses in the late summer and early fall.

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  4 Merrill Teams Go Indie With More Than $1B

  By Janet Levaux, AdvisorOne  |  September 4, 2012

  The breakaway brokers join HighTower and Dynasty Financial in the West.

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  German Bankers Argue Over ECB Supervision Plans

  By Marlene Y. Satter, AdvisorOne  |  September 4, 2012

  The EC has plans to give the ECB authority to supervise all eurozone banks, but the German government says that only the largest banks should be subject to ECB oversight.

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  Citi Agrees to Pay $590M in Class-Action Lawsuit Deal

  By Janet Levaux, AdvisorOne  |  August 30, 2012

  The news comes as Citigroup and Morgan Stanley work out details regarding the Morgan Stanley-Smith Barney joint venture.

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  New Hire Roundup: Armstrong Named Wealth Dynamics Coach at Ascent

  By Marlene Y. Satter, AdvisorOne  |  August 29, 2012

  This week in new hires, Helen Zhou became managing director of private banking for the Private Client Reserve of U.S. Bank in San Francisco, and Ryan Kaufman has become a registered representative with Securities America.

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  12 Best & Worst Broker-Dealers: Q2 Earnings

  By Janet Levaux, AdvisorOne  |  August 24, 2012

  Earnings fell as much as 58%, but also jumped over 600% within the broker-dealer industry—AdvisorOne spotlights the six best and six worst.

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  Swiss Bank Baer Seen Close to Deal for Merrill Non-U.S. Wealth Units

  By Marlene Y. Satter, AdvisorOne  |  August 10, 2012

  Swiss money manager Julius Baer Group was reported to be close to a deal to buy the units that could be announced as early as Monday.

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  Citi Adds 3 Advisors, $750M to Private Wealth

  By Janet Levaux, AdvisorOne  |  August 2, 2012

  The news comes as Citi and Morgan Stanley dispute the value of their MSSB joint venture and Morgan Stanley continues to drop reps.

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  Sandy Weill Wants Banks Small Again, Chris Dodd Wants Them Big

  By Gil Weinreich, AdvisorOne  |  July 26, 2012

  If politics makes strange bedfellows, it also makes for strange adversaries.

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  Greek Bank Head Took Secret Loans to Finance Bank Stake

  By Marlene Y. Satter, AdvisorOne  |  July 16, 2012

  Greece’s fiscal troubles seemed to grow deeper with the revelation that companies owned by Piraeus Bank’s chairman and his children took out secret loans from a rival bank to pay for Piraeus shares.