Displaying 399 results
Wachovia advisers get whiplashed
The sighs of relief emanating from Wachovia Securities LLC brokers were almost audible early Friday morning when the firm's parent said that it intends to sell itself to Wells Fargo & Co. and scuttle a previous deal to hand the bank over to Citigroup Inc.
FDIC, Fed and Comptroller comment on Wells Fargo deal
The government bodies say they will make sure any deal protects the public.
Citi blasts Wachovia-Wells Fargo deal
Citigroup labels Wells Fargo's conduct as "tortious interference" and indicates it may sue.
Citi out; Wells Fargo to merge with Wachovia
In a $15 billion deal that leaves Citigroup in the cold, San Francisco's Wells Fargo will merge with Wachovia, leaving the bank and its brokerage operation intact.
Citigroup buys Wachovia’s banking unit
Citigroup's move to acquire Wachovia Corp.’s 3,300 branches highlights a remarkable turnaround for the bank, once one of Wall Street's most troubled institutions.
Outspokenness, disagreements may have scuttled Krawcheck
Sallie Krawcheck may have spoken up one too many times.
Mood of wirehouses reps is improving
Wirehouse reps were breathing a bit easier last week as their employers were able to step back from the brink of financial collapse.
Ousted Krawcheck said to clash with Citi CEO
The announcement that Sallie Krawcheck, head of Citigroup Inc.’s global-wealth-management group, will leave the firm "to pursue other opportunities" at the end of the year has sparked fevered speculation on the Street and in the firm as to the reason for her ouster.
Krawcheck out at Citigroup
Citigroup Inc.’s global wealth management group head Sallie Krawcheck will be leaving her post after six years at the Wall Street giant.
Merrill sale, Lehman bankruptcy make managers antsy
Last week's stunning series of events on Wall Street has left the door wide open for widespread defections of wealth managers — and their clients' assets — from large financial institutions to regional independents and smaller banks with healthy balance sheets, according to industry insiders.
Wall Street’s new world order
It took 10 days for Russian revolutionaries in 1917 to overturn centuries of Czarist rule but capitalism works even faster.
Citi’s Prince to join consulting firm
Former Citigroup Inc. chairman and chief executive Charles O. Prince III, who was forced to resign amid myriad write-downs in November, has joined consulting firm Stonebridge International LLC in Washington, the latter announced yesterday.
Convergent coup may be ominous for wirehouses
Convergent Wealth Advisors' stunning lift-out of two advisory teams — which are estimated to oversee a combined $7 billion in assets — from Citigroup Inc.'s institutional-clients group may precipitate a spate of similar deals as large banks continue to face financial woes.
Convergent poaches $7 billion Citi teams
The two teams from Citigroup's Institutional Clients Group had combined assets under management of approximately $7 billion.
Is the bear market for financials over?
Some market watchers think that the unprecedented rout of financial stocks may have ended in July.
Citi snatches brokers from UBS and Merrill
Smith Barney has hired seven brokers from UBS and Merrill Lynch who manage a combined $625 million in assets
Citigroup to workers: Pinch those pennies
The head of Citigroup’s institutional-clients group urges employees to be much more conservative with their expenses.
Firms not seen taking big hits from ARS buybacks
The repurchase of some $35 billion worth of auction rate securities by major Wall Street firms isn't expected to have a material effect on most of the companies.
Report: Citi to overhaul capital markets biz
The capital markets group will be be organized geographically instead of along product lines, according to The Wall Street Journal.
Deals cut on ARS take heat off brokers, advisers
When Citigroup Inc., Merrill Lynch & Co. Inc. and UBS AG agreed last week to buy back an astounding $36.7 billion of moribund auction rate securities from their wealthy clients, the firms relieved their brokers and advisers of a giant headache.
