Proposals voted on at Citigroup, JPMorgan and Morgan Stanley that allow investors to weigh in on pay were not well received.
The portfolio manager of Citigroup Inc.’s struggling Falcon Strategies and ASTA/MAT hedge funds, Reaz Islam, is leaving after 18 years at the company.
A Wells notice was sent to Maurice Greenberg, former chief executive of AIG, last Friday, The Wall Street Journal reported.
The firm will refinance the auction rate preferred securities issued by its municipal closed-end funds.
Concentrating on its existing 11,100 advisers is LPL's first priority, said executive William Dwyer III.
The Boston-based money manager posted net income of $53.2 million, or 43 cents per share.
The Securities and Exchange Commission is investigating Franklin Bank after an internal probe revealed accounting errors tied to residential real estate loans.
State Street unit launched the SPDR S&P Emerging Markets Small Cap ETF on the New York-based American Stock Exchange.
The producer price index edged up a weaker-than-expected 0.2% last month, reflecting reduced gasoline prices at the producer level.
Citigroup Inc.’s Falcon Strategies hedge fund plunged more than 75%, taking three banks with it.
