An Italian judge has ordered Bank of America to stand trial in connection with the 2003 collapse of Italian dairy company Parmalat SpA.
Old Mutual of London is planning to significantly expand its asset-management division in the U.S., according to MarketWatch.
Robert Lyon, former CEO and CIO of Institutional Capital Corp., died earlier this week at the age of 57.
The FBI is analyzing death threats against Goldman Sachs, according to published reports.
UBS picked deputy group CEO Marcel Rohner to helm the company, replacing Peter A. Wuffli.
Braddock Financial will liquidate its $300 million hedge fund due to investor fears of subprime mortgage exposure.
A specialty insurer said that two of its employees received Wells notices from the SEC's division of enforcement.
Wedbush Morgan may land 100-plus reps from Brookstreet now that the son's founder has signed on with the firm.
Baring Asset Management announced that Marino Valensise will assume the role of chief investment officer by the year's end.
