Congress has reached agreement on the nearly $800 billion economic stimulus package sought by President Obama. Senate Majority Leader Harry Reid , D-Nev., told reporters that House and Senate negotiators “bridged differences” between the two chambers’ versions of the bill and came up with a $789 billion package.
Robert W. Baird has snagged Paula Johnson, an industry veteran most recently with rival Wachovia Securities LLC of St. Louis, to lead a fledgling branch office.
The Retirement Income Industry Association gave a sneak peek into an initiative designed to encourage financial advisers to take a risk management approach.
New York Attorney General Andrew Cuomo may subpoena more executives from Bank of America Corp. and Merrill Lynch & Co. Inc.
Massachusetts Secretary of the Commonwealth William F. Galvin filed a complaint today to revoke the securities registration of Cohmad Securities Corp.
Providers will push forward with the development of the income guarantee paired with a unified managed account, and with other vehicles, despite hurdles.
Putnam Investments tomorrow will lay off about 260 employees, roughly 10% of its work force, mostly from distribution and operations.
Legislation aimed at improving disclosure of 401(k) fee information was introduced in the Senate yesterday.
When it comes to regulatory oversight of the hedge funds industry, it is no longer a question of if it will happen but when, according to industry representatives speaking today at a conference in Key Biscayne, Fla.
The new hedge fund reality places even greater emphasis on due diligence, but it doesn’t mean that investors should start ignoring or abandoning the alternative asset class.
