UBS reports a record $11.3 billion fourth quarter loss.
Earl E. McEvoy, an asset manager for three of The Vanguard Group’s mutual funds, will retire on June 30.
DTCC has trimmed fees for mutual fund and insurance transactions.
RBC Dain Rauscher will acquire Ferris Baker Watts Inc., a broker-dealer in Washington.
The rate of growth in European economies slipped in the fourth quarter, according to the European Union Statistics Office of Luxembourg.
Insurer settles with California over allegedly inappropriate fixed annuity sales.
Defined contribution record-kept assets at Fidelity Investments grew 8% last year.
Morningstar has expanded its ratings coverage to hedge funds.
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.
