Morgan Stanley chief economist Stephen Roach, who has predicted that China will surpass the U.S. as the world's leading economy, was tapped to become the firm’s chairman of Asia operations.
Barclays PLC today announced it would sell Chicago-based LaSalle Bank Corp., a unit of ABN Amro Holding NV, to Bank of America Corp. for more than $21 billion.
Bear Stearns is planning a large-scale expansion in Europe and Asia, reported the Financial Times.
The Financial Planning Association is hoping that the U.S. Court of Appeals ruling overturning the broker-dealer exemption rule will jump-start the trade group’s initiative to reach out to large financial services firms.
Critics of short-selling practices they deem abusive are up in arms over what they say is continued inaction by the Securities and Exchange Commission.
The owners of the world’s largest search engine are taking dead aim at Yahoo! Finance, and many financial advisers are taking notice.
Fidelity Investments vice chairman and chief operating officer Robert Reynolds last week announced plans to retire, making it almost certain that a woman eventually will run the biggest U.S. mutual fund company, analysts said.
Derivatives are popping up everywhere — even in plain-vanilla bond funds — and it is making financial advisers and regulators nervous.
NEW YORK — The Certified Financial Planner Board of Standards Inc. has found itself a new leader and is heading in a new direction — East.
The SEC can’t win for losing. As a result of judicial overrides of its major regulatory initiatives in the past year, the Securities and Exchange Commission is less likely to try bold new initiatives, experts on securities regulation say.
