Hayley Cuccinello

Citi's wealth boss Andy Sieg is looking to cut costs and push advisors to manage more of their clients' investments.

Andy Sieg took over Citi's ailing wealth unit in September with a turnaround plan. Its leadership ranks have been a revolving door ever since.

Lindsay Hans and Eric Schimpf took the reins at Merrill after Andy Sieg's surprise exit 1 year ago.

These far-fetched tactics to give real estate to heirs are perfectly legal, lawyers and bankers to the wealthy tell Insider.

No one wants to talk about money with their children, including the uber-wealthy. 23% of families worth $50 million or more hide their riches from young heirs, per a JPMorgan survey.

Skydance, the film studio owned by David Ellison, is vying to buy Paramount. Skydance's biggest backer is private equity firm RedBird, a top player in sports and media.

Skydance and its private equity backer are wooing Paramount. The newest bid: a premium for common shareholders and under $2 billion for Shari Redstone.

Film studio Skydance is vying to buy Shari Redstone's controlling stake in Paramount. Its latest bid includes a premium for shareholders and a $3 billion cash injection.

Morgan Stanley's $5.5 trillion wealth business is the envy of Wall Street. Its new boss Jed Finn is anything but complacent.

Apollo's Aaron Sobel's credits include buying a $760 million stake in production company Legendary Entertainment.