BNP Paribas SA,
France's biggest bank, embarked on a five-year plan to expand services
to affluent U.S. clients as the company looks to businesses beyond its
core European market for growth.
The Federal
Reserve is likely to announce a third round of bond purchases tomorrow,
according to almost two-thirds of economists in a Bloomberg survey,
while also extending the duration of its...
by
Jim McConville
Insurance and wealth management services provider National Financial Partners Corp. on Tuesday appointed Anne Long as president of NFP Life.
Morgan Stanley agreed to buy the rest of its brokerage joint venture
from Citigroup Inc. at a fixed price that values the entire unit at
$13...
by
Jim McConville
Schwab brokerage and Schwab Bank clients can now deposit checks remotely by taking a picture of a check with their iPad camera, company officials said.
by Mike Byrnes
Potomac Research Group director Greg Valliere told advisors that
President Obama is emerging as the favorite to be re-elected even though
former Massachusetts Governor Mitt Romney has some reasons...
Bradley Birkenfeld, the former UBS AG banker who went to prison after
telling the IRS how the bank helped thousands of
Americans evade taxes, secured a whistle-blower award of $104 million.
by
Dorothy Hinchcliff
A class action lawsuit over leveraged and inverse ETFs against ProShares has been dismissed, the company announced today.
by
Karen DeMasters
Independent advisors can look forward to continued growth, but firms in this space need to
understand the changing factors within the industry and how to respond
to them, says a new white paper.
The U.S. may lose its top credit rating from Moody's Investors Service
unless lawmakers are able to reduce the percentage of debt to gross
domestic product during budget negotiations next year.
BlackRock Inc.'s Laurence D...
Long-term bond yields will be higher than short-term rates in the U.S...
Prudential Financial Inc., the second-largest U.S. life insurer, said it
may achieve as much as 19 percent return on equity in its international
business as it integrates operations bought in...
Consumer
borrowing in the U.S. unexpectedly decreased in July for the first time
in almost a year, restrained by a second straight decline in credit-card
debt.
by
Karen DeMasters
Northwestern Mutual has increased its recruitment by 13% over last year,
putting the company on target to meets its goal of adding 5,000
representatives and interns by the end of the year.
Money market traders see borrowing
costs staying at record lows for about three more years as the economic
outlook worsens.
by
Ray Fazzi
Three former JP Turner & Company brokers have been accused by the
SEC of defrauding clients out of $2.7
million by "churning" their accounts.
by
Dorothy Hinchcliff
Advent Software is testing a major upgrade of its platform for financial advisors with more than 10 firms.
by
Karen DeMasters
Investors are continuing to take money out of equity mutual funds,
particularly domestic stock funds, but outflows are slowing compared
with last year.
by
Jeff Schlegel
Vanguard had the largest net inflows among ETF providers year-to-date through August, according to global data from the industry research firm ETFGI.
