UBS AG today launched a global warming index based on weather futures for 15 U.S. cities that is being traded on the Chicago Mercantile Exchange.
The money made last year by top hedge fund managers is putting traditional Wall Street pay packages to shame, according to a report in Alpha magazine.
Chicago Mercantile Exchange Holdings Inc. posted a 42% increase in net income during the first quarter, as electronic trading volume grew sharply.
The U.S. Department of Labor is seeking comments about fee disclosure for 401(k) plans and other defined contribution plans.
JP Morgan Chase & Co. said it has launched JPMorgan Entertainment Advisors to provide financial and strategic advice, services and products to clients in the entertainment and media businesses.
Health savings accounts are more than four times more popular with employers in a swath of Wisconsin than in the United States as a whole
PowerShares Capital Management LLC said its assets recently have surpassed the $10 billion mark, up from $8.5 million at the close of 2006.
JP Morgan Chase & Co. has tapped Joe Jiampietro, a former UBS AG managing director in the financial institutions and governments team, making him the latest to leave the Zurich-based bank.
Bear Stearns is planning a large-scale expansion in Europe and Asia, reported the Financial Times.
Federated Investors Inc., a Pittsburgh-based money manager, today said it has agreed to acquire certain assets of Rochdale Investment Management LLC tied to the $321 million Rochdale Atlas Portfolio, a mutual fund investing in international stocks.
