Bloomberg A former Wells Fargo & Co. investment adviser stole nearly $3 million from clients and used the money for personal expenses and to buy gold coins, federal prosecutors said. Kenneth A. Welsh, 41, was arrested at his home in River Edge, New Jersey on charges that he misappropriated funds from the accounts of five investors between 2016 and 2021, ...

Bloomberg UBS Group AG posted a surprise jump in profit as wealth management fees soared the most in almost three years and the firm followed Wall Street rivals in seizing on the deal boom. The Zurich-based bank topped expectations on most key metrics, including investment banking pre-tax profit that was almost double what analysts had predicted. At the key wealth ...

Bloomberg A year after Beijing kicked off a policy clampdown that roiled stock markets from Shanghai to New York, the most beaten-down targets — China’s technology firms — are still facing a rocky outlook. The Hang Seng Tech Index, which tracks the nation’s biggest technology companies, has failed to break out of the tight trading range it has been in ...