09/23/2011

Raymond James reports August 2011 operating data

The Private Client Group continued to perform well during the month due to continued net inflows of assets and the fact that a majority of our fee-based assets are billed quarterly in advance for this segment.

09/23/2011

Wealth manager faces new challenge: bankruptcy

The personal bankruptcy filing in U.S. Bankruptcy Court leaves the 52-year-old investment manager and self-described “serial entrepreneur” now wondering what his next move will be

09/23/2011

UBS cutting up to 10 percent of advisory arm

UBS is cutting back its investment banking division (IBD) representing between 5 and 10 percent of the jobs within the Swiss bank's advisory arm, several UBS bankers said.