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Thundering Herd running out of steam?

October 16, 2008 — 8:23pm ET | By Jim Kim
Can Merrill Lynch's Thundering Herd--its army of stock brokers--survive under Bank of America? CEO Ken Lewis is betting that it will, but not everyone is so sure. The conventional wisdom as of late... Read more...

Thain to stay at Bank of America

October 2, 2008 — 12:56pm ET | By Jim Kim
The CEO merry-go-round has been in overdrive in the financial securities industry. John Thain, who was brought on as CEO of Merrill Lynch to a lot of fanfare, looked like he would be another... Read more...

Krawcheck to leave Citi

September 22, 2008 — 9:07pm ET | By Jim Kim
You could have guessed this was coming. Once the mythic "most powerful woman on Wall Street," Sallie Krawcheck, the head of Citi's wealth management unit, has taken some lumps as of late. Now comes... Read more...

Lehman releases 3Q earnings early along with capital plans

September 10, 2008 — 7:59am ET | By Jim Kim
We have a bit more clarity on the Lehman Brothers situation now that it has released preliminary third-quarter earnings and a peek at capital raising activity. The firm says it will sell a 55 percent... Read more...

Wells Fargo stays on message point

August 25, 2008 — 1:21pm ET | By Jim Kim
One way to rebut rumors is for top executives to stay slavishly on point when they speak to the media. Wells Fargo seems to be doing just that. CEO John Stumpf repeated to the Financial Times that... Read more...

UBS aiming for a break up?

August 12, 2008 — 9:44pm ET | By Jim Kim
What to make of the latest UBS news? The bank is breaking into three distinct business units--Wealth management (sort of private banking), asset management and investment banking--and has been... Read more...

More financial advisors hiring psychologists

August 5, 2008 — 2:30pm ET | By Jim Kim
There was once a day when advisors used to give clients a lame risk tolerance questionnaire. The industry has certainly changed. Now advisory firms are adding psychologists to their staffs, to help... Read more...

Ah swiss banking! UBS exec detained temporarily

May 8, 2008 — 6:59am ET
American regulators seem determined to get to the bottom of whether UBS helped some of its American clients evade taxes. It sent a strong signal this week by temporarily detaining Martin Liechti,... Read more...

Bold move: Pandit rejects break-up of Citigroup

April 18, 2008 — 6:59am ET
We noted recently that Vikram Pandit, CEO of Citigroup, had Read more...

ALSO NOTED: Goldman Sachs shuts down AQR fund; UBS rejects call to spin of wealth management unit; and much more...

April 7, 2008 — 6:59am ET
Company News: > UBS rejects call to spin of wealth management unit. Article... Read more...
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