While pundits and industry insiders laud Bank of America Corp.'s acquisition of Merrill Lynch & Co. Inc., there might be a casualty few have considered.
The departure last week of Kevin Cronin as head of investments at Putnam Investments is a sign of more change to come at the beleaguered mutual fund company, some observers say.
Sallie Krawcheck may have spoken up one too many times.
Some mutual fund companies are deciding that the cash their funds earn from lending stocks doesn't justify the risk in light of unpredictable markets and the Securities and Exchange Commission's crackdown on short sales of selected financial stocks.
Wirehouse reps were breathing a bit easier last week as their employers were able to step back from the brink of financial collapse.
Executives at small broker-dealers and regional investment banks see opportunity in the frenzy on Wall Street, but they worry that new regulations will be burdensome.
Investors scared away by shaky equity markets have been mining the gold market, but advisers are mixed as to whether the investments in the precious metal are a long-term play.
Despite the volatility of the markets in recent weeks, nearly a third of financial intermediaries are choosing to invest more in equity funds, according to a new survey.
In a sign that the economy is growing at a slower pace than first thought, the growth of the U.S. gross domestic product was revised downward to a final reading of 2.8% for the second quarter, according to data from the Department of Commerce.
The SEC has charged a man for running a fraudulent unregistered day-trading firm and violating federal securities laws.
