News
First Bitcoin ETF in North America Hits $1 Billion in Assets
Less than two months after launching, the first North American Bitcoin ETF already reached $1 billion (C$1.25 billion) in assets, according to a statement from its issuer.
Ex-Schwab Customer Arrested after Using Errant Payment to Buy Car, House–Reports
Kelyn Spadoni, 33, of Harvey, Louisiana, allegedly refused to return the money, which Schwab said was wrongfully sent after a “software enhancement” mistake.
Morgan Stanley Drafts Merrill’s Willie Thomas for Menlo Park Post
Thomas, a former NFL player who had overseen a Merrill complex in Florida for the past two years, is returning to California to take over Morgan Stanley’s Menlo Park branch.
JPMorgan Seeks TRO Against Bank Broker Who Joined Wells Fargo
For at least the second time this year, the bank’s broker-dealer deployed the aggressive defensive legal tactic.
Fisher Investments Faces Class Claim over Cold-Calling Violations
The $159 billion-AUM Camas, Washington RIA allegedly made thousands of calls to prospective clients using an automatic telephone dialing system in violation of the Telephone Consumer Protection Act.
Ameriprise to Buy BMO Unit, Adding $124 Billion Under Management
Bank of Montreal agreed to sell its Europe, Middle East and Africa asset-management unit to Ameriprise Financial Inc. for 615 million pounds ($847 million), marking Chief Executive Officer Darryl White’s biggest move yet to trim the bank’s portfolio of non-core businesses.
LPL Lures Merrill Team with $650 Mln-AUM to Nascent Breakaway Channel
NorthEnd Private Wealth, led by four former Merrill Lynch brokers in Greenville, S.C., is the sixth team to join LPL Financial’s Strategic Wealth Services model.
This Week’s Top 5: Ex-Morgan Stanley Star Said to Have Bugged Partner’s Office, and More
Most-read stories from April 4 to April 10.
Credit Suisse’s New Chairman to Decide If a Deal Is the Answer
The damage-control work at Credit Suisse Group AG from a pair of disasters that stunned the banking world will soon give way to the question of how the 165-year-old institution will rehabilitate its business and reputation.
Morgan Stanley Hires $4-Mln UBS Private Wealth Team in Chicago
Four-person group had been overseeing $400 million in client assets and underscores Morgan Stanley’s revived recruiting focus.
BlackRock Scores Biggest-Ever ETF Launch With New ESG Fund
(Bloomberg) — An exchange-traded fund investing in U.S. companies that BlackRock Inc. considers most likely to prosper in the transition…
