The $26 billion deal, if approved, would put Schwab on equal footing with the wirehouses, and put pricing pressure on the upper levels of wealth management. Smaller advisors beware.
There are more than 25 million safe deposit boxes, which can range from a few centimeters in height to the size of a kitchen cabinet, in the United States alone.
Lisa Affolter and Christopher Dulovich join Waddell & Reed as affiliated advisors.
Elizabeth Warren criticizes Blackstone for buying up foreclosed multifamily buildings and single-family homes after the housing crisis.
Kushner Cos. will have to renegotiate its $285 million loan after one of the retail tenants broke its lease.