Merrill’s Retention Package: Just For White Guys?Oct 30, 2008By Halah Touryalai Stowell & Friedman, a Chicago-based law firm, must not want Merrill Lynch to forget about an unresolved discrimination suit it filed against the firm three years ago. ... AIG B/Ds Looking for a New Home. Any Takers?Oct 28, 2008By Halah Touryalai Now that its parent has announced plans to sell off portions of itself, the AIG Advisor Group is looking for a new home. ... Merrill Retention Package Angers FAs With “TRO” LanguageOct 28, 2008By John Churchill Merrill Lynch financial advisors are worried about one paragraph in the retention contract they received last Friday, October 24—very worried. ... Separate BofA Retention Package Targets Top Half of BofA forceOct 27, 2008By John Churchill Bank of America and Merrill Lynch released retention bonus plans for their financial advisors on Friday and both send a consistent message to financial advisors: If you’re a top producer, we want you to stay. (Click here for the Merrill retention package.) If you’re not, see ya. ... Merrill Retention Is Adequate for Top Dogs, Scanty for Lower-Tier ProducersOct 24, 2008By John Churchill The long-awaited Merrill Lynch retention package has arrived. Not surprisingly, top producers will probably be pleased, but others may not.
The long-awaited Merrill Lynch retention package has arrived. Not surprisingly, top producers will probably be pleased, but others may not. Wachovia Reports Record $24 Billion Loss, Brokerage Results Weak, But With Bright SpotsOct 22, 2008By John Churchill Wachovia financial advisors don’t have a great story to tell their reportedly fed-up clients today. ... Raymond James Q4 Net Drops 22%Oct 21, 2008By David A. Geracioti Raymond James Financial net income ($49 million) fell by 22 percent in its fiscal fourth quarter, ended September 30. ... Merrill Posts $5.2 Billion Loss, Fifth In A RowOct 17, 2008By John Churchill Merrill Lynch reported its fifth straight quarterly loss today. ... Citi Reports Fourth Consecutive Loss, Wealth Management Stops BleedingOct 17, 2008By John Churchill Citigroup reported a $2.8 billion loss for the third quarter—it’s forth in a row— as the firm announced more than $13.2 billion in charges related largely to its mortgage portfolio. ... Schwab 3Q Earnings Not Bad At All, ConsideringOct 15, 2008By John Churchill Charles Schwab reported a slight drop in its third quarter earnings today, but excluding the sale of U.S. Trust in the year-ago quarter, results are mostly flat versus last year—which is an achievement considering the market environment. ... Morgan Stanley Sweetens Deal For Mitsubishi, Stock SoarsOct 13, 2008By John Churchill Morgan Stanley eased investor worries about its future today, closing on its $9-billion deal with Mitsubishi UFJ Financial Group. ... Citi Walks, Wells Fargo Gets Wachovia, Wachovia Reps RelievedOct 10, 2008By Christina Mucciolo Wells Fargo emerged the victor in the battle for Wachovia after Citi was left at the altar. ... McCann: Merrill Managers Get No Retention, FA Package Due in Two WeeksOct 10, 2008By John Churchill On a nationwide conference call this morning with branch managers and regional directors, Robert McCann, president of Merrill’s global private client group, told them that they will not be getting anything in the way of retention. He also told them that the retention package for financial advisors would be released in the next week or two, and that only some financial advisors would get a deal. ... Don’t Fear Morgan Stanley, Says Analyst (But Don’t Trust My Buy Rating Either)Oct 10, 2008By John Churchill Morgan Stanley is having trouble convincing the market it’s a good investment. ... Smith Barney Closing Branches, Letting Managers GoOct 9, 2008By Kristen French As part of a larger cost-cutting effort, Smith Barney is consolidating some of its branch offices and laying off a number of its branch managers. ... Citigroup, Wells Fargo Still Battling Over WachoviaOct 6, 2008By John Churchill After a weekend of court battles, Citigroup and Wells Fargo are still battling over who has the right to purchase Wachovia. ... UPDATE 2: Wachovia Hooks Up with Wells Fargo; Citi Says Wachovia In BreachOct 3, 2008By Kristen French There are some very happy Wachovia shareholders, and advisors, out there this morning. Wells Fargo agreed to acquire all of Wachovia’s operations for $15.4 billion, or about $7 a share, in an all stock deal, the companies announced on Friday--without any help from the government. ... Just Say No To Citi?Oct 2, 2008By Kristen French Apparently, not everyone is pleased by the Citigroup deal in which Citi would buy Wachovia Corp.’s bank branches, deposits and private bank, for $2 billion, or about $1 a share. ... Thain Gets A Job At Bank Of AmericaOct 2, 2008By John Churchill Merrill Lynch CEO John Thain has a job. ... Editor’s Letter: The Deposit Sugar DaddyOct 1, 2008By David A. Geracioti Editor-In-Chief Humble pie never tasted so good... The Reinvention of Ladenburg ThalmannOct 1, 2008By Halah Touryalai Ladenburg Thalmann, a 129-year-old investment bank, is rapidly buying its way into the independent broker/dealer world.... Saying GoodbyeOct 1, 2008By Anne Field Firing clients is a delicate business... Humbled But (Somehow) TriumphantOct 1, 2008By Kristen French With reporting from John Churchill and Halah Touryalai Rescued by Bank of America from its near-death experience, Merrill Lynch is still managing to set the industry standard... Wachovia, The Bank, Saved by CitiSep 29, 2008By David A. Geracioti Another day, another hasty acquisition of a hurtin’ financial services firm pushed by the government—in this case, the FDIC. ... Ray Jay Wants In On Bank ActionSep 26, 2008By Halah Touryalai Raymond James said yesterday it plans to convert itself into a bank. ... SEC Charges Miami Broker Gary GrossSep 23, 2008By John Churchill Gary Gross, an Orthodox Jewish broker who allegedly preyed on elderly members of his own Florida congregation, has been charged with fraud by the SEC for, among other things, selling his clients unsuitable investments. ... Sallie Krawcheck Out at Smith BarneySep 22, 2008By John Churchill Sallie Krawcheck, CEO of Citi’s global wealth management division, and once considered a potential successor to the CEO role, is leaving the firm. Her departure was announced internally to Citi employees this morning. A spokesperson for Smith Barney confirmed her departure, but was not available for further comment.... Morgan Stanley Talks with China, Wachovia; Dimon Says Stay Away from Morgan ClientsSep 19, 2008By Kristen French Morgan Stanley has held talks to sell up to a 49-percent stake to China’s sovereign wealth fund, China Investment Corp., which already owns a 9.9-percent stake in the firm, the Financial Times reported Thursday. ... Morgan And Wachovia?Sep 17, 2008By David A. Geracioti and Halah Touryalai Morgan Stanley, one of the last remaining stand-alone Wall Street titans, is considering merging with Wachovia Securities, according to the New York Times and CNBC.... Morgan Stanley Earnings Up, Stock Down; Wealth Management Unit Raking In Assets And AdvisorsSep 17, 2008By John Churchill Morgan Stanley, perhaps in an effort to quell investor fears that it was on similarly shaky ground as Lehman Brothers, pre-announced its third-quarter earnings yesterday, surprising analysts with census beating results. ... Merrill Reps: Waiting For Retention NewsSep 17, 2008By Susan Konig At a press conference early Monday morning, John Thain, chief executive of Merrill Lynch & Co., insisted that the firm’s employees supported being taken over by Bank of America of Charlotte, N.C. ... AIG Saved; Biz As Usual For Its B/DsSep 17, 2008By Halah Touryalai After days of looming bankruptcy rumors, AIG’s life was spared last night thanks to the Federal Reserve.... Barclays Picking At Lehman Carcass; Clock Is TickingSep 16, 2008By John Churchill Barclays Capital (BCS), one of Britain's largest banks, is nearing a deal with Lehman Brothers to buy its core broker/dealer business, and is in talks to sell its investment management unit to one or more private equity firms.... AIG Needs Cash; Who Will Buy Its B/Ds?Sep 16, 2008By Christina Mucciolo and Halah Touryalai The $20 billion loan AIG was allowed to borrow against itself yesterday didn’t have much of an impact after S&P, Moody's and Fitch cuts its credit ratings last night. ... AIG Stays Afloat—For NowSep 15, 2008By Halah Touryalai Among those companies experiencing death or near-death on Wall Street in the past 72 hours is New York-based insurance conglomerate AIG. ... |
Financial Services Company Watch List
Market index values delayed 15 min advertisement Most Popular Storiesadvertisement Client Prospecting Snapshot
|
About UsRegistered Rep. is the most trusted digital and print source for the retail investment professional, serving brokers, financial advisors, RIA’s, IBD’s, insurance, financial planners, and financial product companies with award-winning insight coverage of the brokerage, wealth management, fund and financial product industry as well as breaking news, data, rankings, and profiles. |
Most Recent Blog Posts
Follow Us
In This Issue: May 2012
Back Issues
Registered Rep. eNewsletters
Subscribe today to get the news you need and information you want from our e-newsletters. To preview the current issue click on the newsletter below. Subscribe Today!
