UBS AG, Switzerland’s largest bank, added a bonus for its 7,000 U.S. brokers to encourage them to create financial plans for wealthy clients.
Stock brokers who switch firms will be able to keep their bonuses to themselves for at least a few months longer.
Transnational Corp. of Nigeria Plc, which invests in hotels, agriculture and energy, rose to an almost four-month high on speculation that an institutional investor boosted a stake, according to Kundila Finance Ltd.
Wall Street’s self-regulator proposed barring former stock brokers, securities attorneys and others who worked in the financial industry from serving on some panels arbitrating customer disputes.
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