Bank of America 's board of directors has increased Chief Executive Officer Brian Moynihan 's total compensation by more than one-fifth. Moynihan's pay for 2024 was $35 million, up from $29 million ...

TMTG launched Truth Social in 2022 after Donald Trump, in the wake of the Jan. 6 riot at the U.S. Capitol, was kicked off Facebook (whose parent company, Meta, last week agreed to pay $25 million to ...

Last week, after 14 hearing sessions, Finra arbitrators Steven E. Eisenberg, Mark H. Schiff and Mark Sunshine found in Morgan Stanley's favor, ruling that Zapoleon was not entitled to recovery of his ...

That move goes beyond the directive issued by the CFPB's previous acting head, Treasury Secretary Scott Bessent, who last week ordered staff to cease final rulemaking, suspend the effective dates of ...

Senior Senate Republicans and Democrats are in agreement that the banking industry denies services to certain industries and groups, according to Reuters. The Senate Banking Committee held a hearing ...

LPL Financial announced that a four-advisor team has left Osaic to join its broker-dealer, registered investment advisory and custodial platforms, aligning with existing firm Academy Financial.

Apex agreed to pay $3.2 million over alleged violation of rules related to the use of customers' securities, as well as communication, supervision and standards rules, without admitting or denying the ...

Brandon Glasscock and Mandy Marie Haskell decided to stay with Concurrent after the two companies split. Raymond James Financial Services has recovered hundreds of thousands of dollars in outstanding ...

In December, Tenreiro was promoted by "a top enforcement official" to serve as the SEC's head of litigation, the publication wrote.

Wells Fargo is moving closer to getting unshackled from the $1.95 trillion asset cap imposed on the bank following the 2016 fake-accounts scandal, recent reports suggest, and the fresh termination of ...

Tuckner said he doesn't expect the changes to have an immediate effect on the U.S. wealth unit's profitability, but that improvement should be evident next year and that the unit's profit margin, ...

In UBS' 2025 advisor compensation plan, revealed in November, the wirehouse added and enhanced incentives for advisors who grow their business and who connect clients with banking capabilities, but it ...