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Wells Fargo fires more than 100 workers for abusing federal aid program
YOUR PRACTICE PRACTICE MANAGEMENT OCT 14, 2020
Wells Fargo fires more than 100 workers for abusing federal aid program

Staffers made 'false representations' when they applied for a coronavirus loan program, according to a Wells memo

Wells Fargo third-quarter profit slumps
NEWS WIREHOUSES OCT 14, 2020
Wells Fargo third-quarter profit slumps

Bank takes customer remediation and restructuring charges to address old scandal

Robo Wealthsimple negotiating fresh funding round
YOUR PRACTICE FINTECH OCT 13, 2020
Robo Wealthsimple negotiating fresh funding round

Investment led by TCV would value the Canadian online investment firm at more than $1 billion

Fidelity plans to hire 4,000 over next six months
YOUR PRACTICE PRACTICE MANAGEMENT OCT 13, 2020
Fidelity plans to hire 4,000 over next six months

Positions being filled, which include financial advisers, represent a 15% increase in staffers who focus on clients

A record $170 billion flooded into bond ETFs this year
INVESTING MUTUAL FUNDS OCT 13, 2020
A record $170 billion flooded into bond ETFs this year

The Fed's March announcement that it would buy corporate debt ETFs served as a stamp of approve for the sector

ETF price wars may resume
INVESTING MUTUAL FUNDS OCT 12, 2020
ETF price wars may resume

Big new entrants to the exchange-traded fund market are rolling out funds with low expense ratios

Robinhood users say accounts were looted
YOUR PRACTICE FINTECH OCT 09, 2020
Robinhood users say accounts were looted

Customers say they've been left in limbo since the popular app has no emergency phone number they can call

Volatility coming for muni market
INVESTING FIXED INCOME OCT 09, 2020
Volatility coming for muni market

BlackRock, Wells Fargo analysts see the election and a surge in muni sales shattering the market's calm

UBS chairman says bank isn't seeking partner
NEWS WIREHOUSES OCT 09, 2020
UBS chairman says bank isn't seeking partner

Axel Weber denies reports that UBS is planning to merge with a rival

Morgan Stanley fined $60 million over failed hardware oversight
NEWS WIREHOUSES OCT 08, 2020
Morgan Stanley fined $60 million over failed hardware oversight

The Office of the Comptroller of the Currency cited shortcomings related to the decommissioning of data centers for the firm's wealth management unit