However, questions surrounding the surprisingly successful launch of the Chinese AI model DeepSeek have created uncertainty ...

Both brokerage firms moved a customer’s uninvested cash from a brokerage account into an interest-bearing account, violating ...

A former Merrill Lynch financial advisor team that oversaw $700 million left the company to join Morgan Stanley. The Zelin ...

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

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

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 Neuilly in connection with an insider trading probe was legal.In ...

According to the complaint filed in Arizona federal court, the firm’s cash sweep practices “violate common law, federal law ...

Osaic and three subsidiaries were sued today in federal court by investors who alleged the firms breached their fiduciary duties by profiting from their cash sweep accounts at their clients’ expense.

The Price to Earnings (P/E) ratio, a key valuation measure, is calculated by dividing the stock's most recent closing price by the sum of the diluted earnings per share from continuing operations ...

The hybrid RIA is the latest firm to face allegations that it enriched itself at customers' expense by paying unfairly low interest rates in its cash sweep programs.

Bank of America’s wealth management division, which includes Merrill Lynch and the company’s private bank, saw core financial metrics rise in 2024, including net income of $4.3 billion ...