A former Goldman Sachs Group Inc. analyst who fled while on probation for leading a $6.7 million insider trading scheme was ordered to pay a $27.7 million judgment in a lawsuit filed by federal regulators.

UBS Wealth Management Americas has hired four advisers from Merrill Lynch/Bank of America for its Jacksonville, Fla., office.

As many as 11,000 wire house advisers may be on the move, according to a report by Aite Group in Boston. Job satisfaction is a problem. While 15% of wire house advisers are very satisfied with their firm and have no intention of leaving, most are not so fired up about their employers. In fact, 20% say they're ready to break from their firm within the next two years. …

State regulators felt they were strung along by the mortgage servicing giant Ocwen Financial after years of promises that were never fulfilled, resulting in successive enforcement actions against the company.

As financial institutions look closer at the increasingly detailed consumer credit data available, they are learning consumers are more apt to pay off personal loans before mortgages, auto loans and credit cards.

As financial institutions look closer at the increasingly detailed consumer credit data available, they are learning consumers are more apt to pay off personal loans before mortgages, auto loans and credit cards.

Two bills — one providing relief from a loan accounting standard and another extending forbearance measures — would collectively contain credit losses.

While the pandemic will be over eventually, the consequences of poor cybersecurity practices will be here to stay, says Pindrop's Sarosh Shahbuddin.

With the increase in bank transfers and e-wallets, consumers' payment preferences are heading in this direction, particularly during economic crises, says PPRO's James Booth.