Interest rates on
five-year certificates of deposit in the U.S. dropped below 1 percent
for the first time on record, according to Market Rates Insight.
by
Jim McConville
The Financial Industry Regulatory Authority (Finra) announced that it
has elected three new governors and reappointed three others at its
annual meeting in Washington D.C.
by
Jim McConville
A $300 million advisor team from from Morgan Stanley Smith Barney's office in Coral Gables, Fla., has
joined Raymond James & Associates, company officials disclosed
today.
Americans' drive
to rebuild savings and pay down debt may mean the gains from the current
mini boom in mortgage refinancing will accrue over years rather than
have a more immediate effect on the...
Julius Baer Group Ltd., the Swiss wealth manager established in 1890,
agreed to buy Bank of America Corp.'s Merrill Lynch wealth management
units outside the U.S. for about $880
million.
by
Jim McConville
Investors continued to dive into bond funds for safety in July, while
pulling money out of stock funds, according to a report by Strategic
Insight.
by Stoyan Bojinov
Global economic uncertainty still looms, but some industries can hold their ground and even thrive when times get tough.
Paul Ryan, Mitt Romney's choice for vice president, has
offered a more far-reaching reshaping of the U.S. tax system than Romney, while neither candidate has explained how
to pay for his plans.
A surge in U.S.
natural gas development has spurred $226 billion in spending plans on
pipelines, storage, processing facilities and power plants, most slated
for the next five years.
Americans' paychecks in the first half of 2012 grew at the fastest pace in
five years, pointing to an improvement in purchasing power that may help propel
the economic expansion.
by
Karen DeMasters
It's a growing trend to meet demand from retail investors for products that hedge risk and mitigate volatility.
TCW Group Inc., the $127 billion asset manager founded by Robert Day in
1971, will go back to being a stand-alone firm after more than a decade
under ownership by Societe Generale SA.
As some other insurers have done, Hartford Financial Services Group Inc...
Jersey City borrowed $19
million to cover retiring workers' unused sick and
vacation time. Similar deals by other N.J...
Ten people were charged with a $40 million fraud relying on phony
documents and straw buyers to bilk mortgage lenders for properties at
the New Jersey Shore and resorts in South Carolina and...
by
Jim McConville
Finra fines and disciplinary actions this year are on track to significantly outpace those for 2011, according to a mid-year review released today by Sutherland Asbill & Brennan LLP.
U.S. financial regulators, responding to the growth in trading
securities over the Internet, want to bolster protections for investors
buying municipal bonds through online brokers.
