Wall Street Journal
Wells Fargo forged a deal with Credit Suisse to recruit the Swiss bank's U.S. brokers in its private banking business, as Credit Suisse moves to wind down that part of its wealth management group. But UBS has been
About 70 of Credit Suisse's 300 brokers in its U.S. private bank bolted for UBS in recent months. That's made it more difficult for Wells Fargo to recruit Credit Suisse's brokers, per their agreement. Credit Suisse has had a law firm send letters to its former brokers who joined UBS, warning they will be punished if client information finds its way to UBS.
An unnamed source said UBS hired the Credit Suisse brokers without providing compensation to Credit Suisse; that violates the "exclusive recruiting arrangement" that Wells Fargo forged with Credit Suisse. Wells Fargo and Credit Suisse have declined to say if any payment is involved in that arrangement.
When is a fast-track court not so speedy? When it involves the Securities and Exchange Commission's in-house tribunal for hearing appeals, apparently. Ever since the SEC set up its own court system (it was given the power to do so through Dodd-Frank), the time it's taken to hear appeals has
Just ask two former State Street executives whose legal fight with the SEC lasted five years spanning four judges, three rulings and two appeals. The executives were eventually cleared of allegations they misled investors. The article said it's not clear what is causing the delays, which have lengthened under Chair Mary Jo White.
Before it lowers the boom on colleges with high default rates on student loans, the Education Department is
Some real estate industry players are blaming new rules for the increase in how long it takes to
New York Times
Debt collection companies like Encore Capital Group are using the courts to against consumers, and then
Washington Post
Apple Pay is Apple's trojan horse, according to Vivek Wadhwa, an academic associated with Stanford University and Duke University. Apple plans to use Apple Pay to establish a payments platform, then
Elsewhere ...
Quartz: The U.S. Patent Office
Charlotte Observer: The North Carolina Bankers Association has begun an effort to persuade more young people to