Bloomberg

Bloomberg
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REGULATION, LEGAL & COMPLIANCE JUL 23, 2009
SEC, FDIC heads want new council to be supercop

Key regulators on today broke with the Obama administration, reaffirming their belief that some new powers to monitor big institutions against financial threats should go to an interagency council not the Federal Reserve.

RIA NEWS JUL 23, 2009
CME Group's 2Q profit rose, beating expectations

CME Group Inc. said today its second-quarter profit jumped 10% due to the company's expanding operations. The exchange operator's profit beat analysts' expectations.

RIA NEWS JUL 22, 2009
Morgan Stanley posts 2Q loss of more than $1.2B

Morgan Stanley says its net loss after payment of preferred dividends was $1.26 billion, or $1.10 per share, compared with earnings of $1.06 billion, or $1.02 per share, a year earlier.

RIA NEWS JUL 22, 2009
Wells Fargo 2Q profit of $2.58B surpasses expectations

Wells Fargo has joined other big banks in reporting significant second-quarter results, with a 47 percent rise in profit helped by its acquisition of Charlotte, N.C.,-based Wachovia Corp.

RIA NEWS JUL 22, 2009
How to Increase client satisfaction

If the market decline of the past year or so has taught the investing public anything, it's that professional investment advice — whether from top Wall Street gurus, mutual fund managers or financial advisers — doesn't ensure success.

ALTERNATIVES JUL 22, 2009
Hedge funds up 9.1% in second quarter

Hedge funds came back with a vengeance during the three-month period ending June 30, posting the industry's best performance since the fourth quarter of 1999, according to Hedge Fund Research Inc. in Chicago.

RIA NEWS JUL 22, 2009
U.S. Bancorp 2Q profit tumbles 76%

Second-quarter profit plunged 76 percent at U.S. Bancorp as credit costs rose and it repaid a government loan. But the results still beat Wall Street expectations as net revenue hit a quarterly record and the stock rose nearly 4 percent today.

RIA NEWS JUL 21, 2009
BlackRock's 2Q profit falls 20% to $218M

Investment manager BlackRock Inc. said Tuesday its second-quarter profit tumbled 20 percent, but its earnings still surpassed analysts' expectations.

ALTERNATIVES JUL 21, 2009
U.S. markets ranked low on integrity by financial professionals stateside and abroad

Hedge fund managers and corporate boards received low marks with regard to ethical behavior in a recent survey of financial-industry professionals.

RIA NEWS JUL 20, 2009
Company forecasters less pessimistic

With the U.S. economy expected to emerge this year from the longest recession since World War II, business forecasters are feeling a bit less gloomy about the future.