February 9, 2012

Reasons to be bullish on J.P. Morgan, energy

Ed Cowart, portfolio co-manager of equity income and value strategies at Eagle Asset Management, the $19.5-billion asset management unit of Raymond James, offers up his thoughts on a few market sectors that are catching his eye.

• bonds / fixed income,
• equities,
• JPMorgan Chase & Co.,
• markets,
• stock markets

February 7, 2012

Goldman snaps up fixed-income shop

By Robert Steyer

Goldman Sachs Asset Management said Tuesday it will acquire Dwight Asset Management, a stable value money manager, from Old Mutual Asset Management, according to a GSAM news release.GSAM made the acquisition to increase its defined contribution presence, the news release said. Terms of the...

• defined contribution plans,
• Goldman Sachs & Co.

January 30, 2012

Senator to Citi: Enough already with the tax forms for frequent-flier miles

By Liz Skinner

Brown sends letter to Pandit telling bank to stop sending 1099s to customers who received miles for opening savings accounts; 'creating baseless fear'

• Citigroup Inc.,
• tax

January 29, 2012

CEO sees more cuts at BofA, including wealth management

By Bloomberg News

Bank of America Corp., the second-biggest U.S. lender by assets, may reduce annual costs by as much as an additional $3 billion in the next stage of chief executive Brian T. Moynihan's efficiency plan. The lender, which already has targeted $5 billion in expense cuts from...

• banking,
• ING Group,
• wealth management

January 22, 2012

Small banks thrive below regulators' radar

It speaks volumes about the state of the financial markets when not being “too big to fail” is a selling point, but that is the case for regional and community banks. Unlike their plus-size brethren, many of which gained notoriety during the 2008-09 financial meltdown, smaller banks...

• banking,
• ING Group

January 20, 2012

Citi settles with Finra over alleged conflicts at its brokerage

Company failed to dislose business relations with companies covered in research notes, regulator says

• Citigroup Inc.

January 19, 2012

'Government' Sachs speaking engagement on Barney Frank's farewell tour sked

Barney Frank, co-author of the Dodd-Frank financial reforms, will speak at a Goldman Sachs fixed-income sales event today

• Goldman Sachs & Co.,
• legislation and regulation

January 16, 2012

Former Irish billionaire declared bankrupt

Sean Quinn, once Ireland's richest man, lost $1.3B on AIB bet

• banking,
• economy / economics

January 13, 2012

Experts not queueing up for Suze Orman's new debit card

By Liz Skinner

Suze Orman's new prepaid debit card will come with fees of at least $36 a year

• banking,
• wealth management

January 9, 2012

MetLife’s bank divestment a mixed blessing for ratings: Analysts

By Darla Mercado

Moody’s: Bank sale eliminates Fed oversight but gives Met competitive chops

• banking,
• Metropolitan Life Insurance Co. (MetLife)