The rate of growth in European economies slipped in the fourth quarter, according to the European Union Statistics Office of Luxembourg.
RBC Dain Rauscher will acquire Ferris Baker Watts Inc., a broker-dealer in Washington.
DTCC has trimmed fees for mutual fund and insurance transactions.
Insurer settles with California over allegedly inappropriate fixed annuity sales.
Morningstar has expanded its ratings coverage to hedge funds.
Defined contribution record-kept assets at Fidelity Investments grew 8% last year.
Capital gains payouts in 2007 rose for the fourth straight year, said head Morningstar analyst Russel Kinnel.
Cynthia King will be head of products for the the company’s Employer Markets Defined Contribution and Executive Benefits Business segment.
Credit Suisse, Marsh & McLennan and Evercore reported negative returns in the fourth quarter, while Stifel saw a 92% increase.
Hedge funds in January had their worst performing month in more than five years, according Greenwich Alternative Investments.
