Bloomberg

Bloomberg
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'Rich' UBS clients charged with tax evasion
RIA NEWS SEP 17, 2010
'Rich' UBS clients charged with tax evasion

Seven former UBS AG clients, including two who pleaded guilty, were accused of tax crimes as the U.S. Justice Department extends its crackdown on offshore tax evasion.

REGULATION AND LEGISLATION SEP 16, 2010
Obama signs bill to cut taxes for small businesses

President Barack Obama signed legislation that will cut taxes and provide credit help for small businesses, calling it an essential step for job growth in a slow economy.

Reports of consumer's death greatly exaggerated: Doll
RIA NEWS SEP 16, 2010
Reports of consumer's death greatly exaggerated: Doll

Don't write the obit just yet: experts like BlackRock's Bob Doll and Morgan Stanley's Richard Berner say U.S. households are 'heading in the right direction' by saving more and borrowing less.

RIA NEWS SEP 15, 2010
Bank of America settles sex suit with Merrill broker

Bank of America Corp. settled a lawsuit filed by a broker who claimed the bank's Merrill Lynch & Co. unit discriminates against women through its partnership model.

ALTERNATIVES SEP 15, 2010
Three-time loser faces 369 years in jail for alleged Ponzi scheme

Stinson hookwinked 260 investors in real estate investment scam, say prosecutors; claimed to be an MIT grad

RIA NEWS SEP 15, 2010
Inflation isn't gone for good: Nobel laureate

Don't give credence to predictions that inflation is gone for good, said Nobel laureate William Sharpe.

FINTECH SEP 15, 2010
Goldman tie-up with Incapital broadens its muni distribution

Arrangement puts underwriter on retail par with other major firms

RIA NEWS SEP 15, 2010
Goldman's second quarter off 82%

Goldman Sachs Group Inc. said second-quarter profit dropped 82%, missing analysts' estimates on a slide in trading revenue five days after settling U.S. regulators' fraud allegations.

RIA NEWS SEP 15, 2010
TD Ameritrade income up 5.2% in quarter

TD Ameritrade Holding Corp., the third-largest retail brokerage by client assets, reported fiscal third-quarter profit that beat the average analyst estimate as customers traded more and added assets to their accounts.

RIA NEWS SEP 15, 2010
Adviser roll-up turns to private equity

SAN FRANCISCO — Hoping to attract some of the torrent of private-equity capital showering Wall Street, a financial adviser in suburban St. Louis is looking to bundle his brethren’s practices and sell them en masse in the private-equity market.