Wealth management

Financial services industry struggles to emerge from lockdown


Our third monthly survey found almost six out of 10 employers report that their plans for the return to work are stymied by uncertainty — specifically, a lack of clarity on the right timing, and persistent questions about how to provide a safe environment for their employees.


Banks continue to embrace robo advisers (even if customers don’t)


Citizens Bank and Citigroup are among the financial institutions plugging away at a service that has gained little traction among customers.


Wells Fargo hires another JPMorgan alum to head wealth management


Barry Sommers, a former head of wealth management at the New York bank, is the latest high-level hire by Wells CEO Charlie Scharf.


Banks say they’re gaining on fintechs during pandemic


In wealth management and consumer lending, banks are starting to win back clients they had been losing to startups.


How businesses are surviving the pandemic


Our second monthly survey found a smooth transition to remote work and digital customer access channels — but technology issues still arose. The pandemic has highlighted the importance of having a strong digital presence across all retail sectors, including financial services.


QCR records impairment charge tied to planned advisory group sale


The Illinois company will sell Bates Cos. to an undisclosed buyer less than two years after buying the wealth management firm.


Goldman CEO says his firm doesn't need a deal like E-Trade


David Solomon says he isn't feeling any pressure from Morgan Stanley's latest move.


With E-Trade deal, Morgan Stanley moves deeper into consumer banking


The Wall Street giant will inherit some $56 billion of low-cost deposits that will allow it to offer more traditional banking products to its wealth management clients.


Morgan Stanley buying discount broker E*Trade for $13 billion


The all-stock takeover would add E*Trade’s $360 billion of client assets to Morgan Stanley’s $2.7 trillion.


Wells Fargo hires another JPMorgan exec as shake-up continues


Mike Weinbach will lead consumer lending as part of a reorganization that will change the responsibilities of three longtime bank executives.