Sue Asci
Boston Bureau Reporter at Investment News. Connect with her on LinkedIn.
Boston Bureau Reporter at Investment News. Connect with her on LinkedIn.
An Alabama bank is suing University of Michigan football coach Richard Rodriguez for defaulting on a real estate loan — but Rodriguez's adviser claims he was the victim of a Ponzi scheme.
Former Bear Stearns chief executive Alan Schwartz has hired a Bear alumnus to join him at Guggenheim Partners LLC and build an equity trading desk at the Chicago-based asset management firm.
More banks are expected to fail by the end of the year, but analysts still expect their stocks to continue to gain value.
Benjamin “Tad” Edwards IV, the great-great-grandson of Albert Gallatin “A.G.” Edwards, took another step toward expanding his own brokerage business with the launch of a branch in White Plains, N.Y. — one that will house a number of former A.G. Edwards Inc. advisers and employees.
Although Fidelity executives last week quelled rumors about the potential departure of president Rodger Lawson, observers noted that the larger question about the firm is who will take over when chairman and chief executive Edward C. “Ned” Johnson III, 79, retires.
RBC Wealth Management has added two senior financial advisers from Smith Barney with $340 million in client assets as the regional brokerage firm continues to recruit brokers a rapid clip.
In a sign that its search for a new leader is accelerating, Janus Capital Group. Inc., has hired an executive recruiting firm to find candidates to replace former CEO Gary Black.
The executive in charge of distributing Janus Capital Group's mutual funds through financial intermediaries and international channels is stepping down Oct. 31.
For the defined-contribution-plan system to meet the goal of delivering lifetime income to retirees, an industrywide alliance will need to be established, Putnam Investments president and chief executive Robert Reynolds said today.
The Financial Industry Regulatory Authority Inc. yesterday filed charges of fraud against six brokers from the former Brookstreet Securities Corp. of Irvine, Calif.
