May 22, 2012

Ex-employee sues JPMorgan over trading loss

Claims bank retirement plan took a hit as a result of alleged misstatements

May 21, 2012

CFTC head won't draw line on swaps reform

By Mark Schoeff Jr.

Gensler says JPMorgan loss proves regulations need to cover international contracts, as well

May 20, 2012

brokersXpress not an option for Schwab

By Bruce Kelly

Some 325 brokers and registered investment advisers are hustling to find new homes in the wake of The Charles Schwab Corp.'s announcement last week that it is closing down brokersXpress LLC, an independent broker-dealer for representatives and financial advisers who trade options....

May 20, 2012

Hopes for Tamarac deal: A 'one-stop portal' for front and back offices

By Davis D. Janowski

Schwab Advisor Services said last week that Tamarac will be the latest “selected participant” to be added to its lineup of advisory platforms. It is time to add some context. Those platforms, known collectively as Schwab Intelligent Integration, have been ...

May 16, 2012

Schwab to close brokersXpress

By Bruce Kelly

Charles Schwab is shutting down brokersXpress. The parent company broke the news to the B-D's 300 reps late Wednesday afternoon. Now, the brokers have 90 days to relocate.

May 15, 2012

DOJ, FBI commence criminal probe of JPMorgan's $2B gaffe: Report

SEC, CFTC also said to be investigating bank's big blunder

May 13, 2012

Bank's $2B bad bet boosts Volcker rule

By Andrew Osterland Mark Schoeff Jr.

Political oddsmakers are working overtime to assess the chances of stronger bank regulation in the wake of JPMorgan Chase & Co.'s announcement last week of a $2 billion loss on a bad derivatives bet. “The whole notion of re-establishing trust in the bailed-out financial...