Wealth management

Financial services industry struggles to emerge from lockdown

07/07/20

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.

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

06/26/20

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

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Wells Fargo hires another JPMorgan alum to head wealth management

06/17/20

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

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Banks say they’re gaining on fintechs during pandemic

06/10/20

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

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How businesses are surviving the pandemic

05/15/20

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.

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QCR records impairment charge tied to planned advisory group sale

05/04/20

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

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

02/27/20

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

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

02/20/20

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.

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

02/20/20

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

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Wells Fargo hires another JPMorgan exec as shake-up continues

02/11/20

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

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