Online lender SocialFinance will waive management fees on two stock funds for at least the first year
The bank's wealth management unit will use the name Merrill going forward.
CEO Sergio Ermotti says bank will prioritize protection of its dividends.
Poaching a replacement from one of the bank's few peers would probably be costly.
Banks including JPMorgan and Bank of America conspired to fix prices on floating-rate municipal bonds, according to suit.
The mutual fund giant's assets under management fell 1% last year, but its revenue rose 12%.
New progressive wing of the Democratic party is zooming in on biggest earners in effort to tackle rising inequality.
MBS exchange-traded fund is seeing demand from investors looking for safety and a little more yield.
Bank was found guilty of helping French clients hide assets from tax authorities.
Penalties dwarf what bank set aside for legal issues and exceed earnings for all of last year.
