by
Jim McConville
A Big Apple firm goes to the Windy City for its fifth advisory purchase of the year.
Top executives at KKR, Bain, Blackstone and Carlyle agreed in e-mails not to compete on deals, according to a court complaint.
by
Karen DeMasters
Investors' confidence in their advisors is declining in many respects,
despite the fact that the market is starting to come back, according to a
new study by Spectrem Group.
Wells Fargo &
Co. was sued by the U.S...
Goldman Sachs
Group Inc. expects emerging markets to provide a greater share of its
revenue once the global economy recovers, after proving "resilient" in
the current crisis, Vice Chairman J...
by
Jim McConville
Annuities are now the most requested financial product by clients, as
they look for a stable investment to help fund their retirement,
according to an advisor survey by Cerulli Associates.
Wells Fargo & Co. was sued by the U.S. government over claims the
bank committed fraud by making reckless mortgage loans, according to a
complaint filed in Manhattan federal court.
Wall Street's cash bonus pool is likely to fall for a second straight
year as the financial industry grapples with market turmoil, economic
weakness and new rules, New York state's comptroller...
by
Jim McConville
Most independent financial advisors are feeling bullish about the future of their own businesses, but they're more bearish about the
financial prospects of investors, says a Schwab Advisor Services...
A bipartisan group of eight U.S. senators is meeting this week to seek a
way to avert a year-end "fiscal cliff" of expiring tax rates and
automatic spending cuts.
Almost half of Wall Street employees expect their year-end bonuses to be
higher this year than they were a year ago, according to an
eFinancialCareers.com survey.
Insurance-industry groups representing companies in Africa, Asia,
Australia, Europe, North America and South America joined to form a
worldwide organization as regulators expand oversight.
Investors have poured $982 billion into U.S...
MetLife Inc., the largest U.S. life insurer, said it will begin offering
asset management for institutional investors as part of CEO Steven Kandarian's push to expand fee income.(Bloomberg News)
by
Karen DeMasters
Federal regulations that would expand who is considered a fiduciary may find new life.
by
Dorothy Hinchcliff
Rob Arnott, chairman of Research Affiliates, is taking issue with criticism leveled by Folio Investing CEO Steven M.H. Wallman.
Profit gains
earned through job cuts and factory closings in the absence of a global
economic recovery are starting to reach their limit.
