The global bank said it's ready to take advantage of opportunities to accelerate investments into its business, with an eye toward achieving longer-term, sustainable growth. Analysts had tough questions about the plans.
The company plans to use the funding to expand its global banking services, including using stablecoins for cross-border payments.
The well above-average advisor graduation numbers, paired with Merrill's recruiting efforts, suggest the wirehouse is serious about adding lots of talent.
Financial Planning's Compensation Survey measured the total pay of hundreds of financial advisors and, perhaps more importantly, the lessons they would share to aspiring planners about forging a successful career.
The Federal Reserve's top regulator said banks should be left to decide their own best uses for emerging technologies.
For the banks involved in the record-shattering IPO, this year's second quarter was marked by a spike in investment banking income.
