The Financial Industry Regulatory Authority has suspended and fined a former Merrill Lynch financial advisor the wirehouse ...

The U.S. Securities and Exchange Commission (SEC) on Friday said a pair of Wells Fargo Advisory firms and Merrill Lynch have ...

Bank of America’s brokerage unit reported strong growth, as did the company’s private bank, as executives are emphasizing ...

An ex-Merrill Lynch banker turned in-house deals expert lost a ruling over whether a raid of his home in the Paris suburb of ...

Two Wells Fargo-affiliated investment advisers and Merrill Lynch agreed to pay $60 million, while LPL Financial agreed to pay ...

“Wells Fargo Advisors and Merrill Lynch offered bank deposit sweep programs, or BDSPs, as the only cash sweep option for most ...

In the case of Morgan Stanley, the wirehouse wants its financial advisors to increase their banking relationships with ...

Regulators took the wirehouses to task for not having policies directing advisors to consider clients' best interests.

The yield differential between the firms' bank deposit sweep programs and other alternatives was nearly 4% higher, according to SEC claims.

Merrill Lynch and Morgan Stanley executives on Thursday discussed plans to further tap in-house banking services in their ...

Merrill Lynch and two Wells Fargo advisory firms have agreed to pay a combined $60 million in civil penalties to settle U.S.