List/Grid Tag Archives: money

Wells Fargo mulls combining wealth management divisions

Wells Fargo mulls combining wealth management divisions

(Reuters) – Wells Fargo & Co (WFC.N) said Monday it is considering restructuring and possibly combining two of its retail brokerage businesses, a move to increase efficiency among the two… Read more »

Wells Fargo to restructure wealth management business: WSJ

Wells Fargo to restructure wealth management business: WSJ

(Reuters) – Wells Fargo & Co (WFC.N) is expected to announce a restructuring of its wealth management business, the Wall Street Journal reported on Monday, citing people familiar with the… Read more »

Merrill Lynch reviewing ban on commissions-paying retirement accounts

Merrill Lynch reviewing ban on commissions-paying retirement accounts

NEW YORK (Reuters) – The head of Bank of America Corp’s Merrill Lynch Wealth Management on Friday said the firm is reconsidering an internal policy from 2017 that banned advisers… Read more »

Wells Fargo receives final approval to settle $142 million lawsuit

Wells Fargo receives final approval to settle $142 million lawsuit

(Reuters) – Wells Fargo & Co said on Friday it received final approval from a district court in California to settle a $142 million class-action lawsuit, which compensates customers affected… Read more »

In 'world of two halves' funds buy U.S. stocks, exit Europe: BAML

In 'world of two halves' funds buy U.S. stocks, exit Europe: BAML

LONDON (Reuters) – Global investors pulled more cash out of European and emerging markets in the past week, opting instead for U.S. stocks, as robust economic growth encouraged a sixth… Read more »

Italy court rules it cannot hear Morgan Stanley derivatives case

Italy court rules it cannot hear Morgan Stanley derivatives case

ROME (Reuters) – An Italian administrative court has ruled that it cannot hear a case over derivatives brought against Morgan Stanley (MS.N) that included a request for 2.7 billion euros… Read more »

Wells Fargo settles retail sales lawsuit for $142 million

Wells Fargo settles retail sales lawsuit for $142 million

(Reuters) – Wells Fargo & Co said a district court in California approved a $142 million class-action settlement to compensate customers who were affected by a sales scandal related to… Read more »

Italy court rules it cannot hear Morgan Stanley derivatives case: sources

Italy court rules it cannot hear Morgan Stanley derivatives case: sources

ROME (Reuters) – An Italian administrative court has ruled that it cannot hear a case against Morgan Stanley and former senior Treasury officials that included a request for 2.7 billion… Read more »

Exclusive: Ackman's hedge funds gain after years of losses, Chipotle helps

Exclusive: Ackman's hedge funds gain after years of losses, Chipotle helps

BOSTON (Reuters) – William Ackman’s private hedge fund has gained more than 9 percent this year while his publicly traded fund is up double digits, marking a dramatic reversal for… Read more »

U.S. fund investors pull nearly $10 billion from stocks in week: Lipper

U.S. fund investors pull nearly $10 billion from stocks in week: Lipper

NEW YORK (Reuters) – U.S. fund investors pulled $9.7 billion out of stocks during the latest week, marking the largest withdrawals since early April, according to Lipper data on Thursday…. Read more »

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