Legg Mason eying acquisitions, lift-outs overseas
Just days after announcing job cuts domestically, Legg Mason Inc. is looking to make acquisitions or lift-outs internationally to expand its presence abroad.
Q&A: AllianceBernstein’s Peter Kraus
It's been just over a year since Peter Kraus took over as CEO of AllianceBernstein LP.
Goldman Sachs to pay $550M to settle civil fraud charges
Goldman Sachs & Co. has agreed to pay $550 million to settle civil fraud charges that accused the Wall Street giant of misleading buyers of mortgage-related investments.
<b>Investment Wars:</b> Taxi medallions trounce MSCI World Index
License for cabs in NYC up 347% over 20 years; average price now tops $800K
Finding fiduciary harmony
The SEC wants to do what is in the best interests of investors. But if, in the end, we see them make rules that dilute the standard to appease Wall Street, we'll look back and see that the writing has been on the wall for a long time.
SEC plans to revamp 12(b)-1 fees
The Securities and Exchange Commission has proposed eliminating the 12(b)-1 label, instead requiring fund firms to disclose 'marketing and service fees.' Those charges would be capped at 25 basis points.
Goldman’s ‘punishment’: Two weeks’ earnings
The $550 million penalty may be a record, but some industry watchers say the firm got off light in its settlement with the SEC.
SEC expected to cap 12(b)-1 fees
The Securities and Exchange Commission on Wednesday is expected to propose revamping the structure of 12(b)-1 fees, according to people familiar with the situation.
SEC’s Schapiro stumps for single standard of care – but what will it be?
SEC chairman Mary Schapiro backed a tough uniform fiduciary standard earlier today – but compromise remains a possibility
Arnott: Odds of double-dip recession better than 50%
Research Affiliates chairman Rob Arnott puts the chances of a double-dip recession at better than 50%. His advice? Prepare clients 'to weather the storm'
Retirement planning calls for straight talk
Advisers should also monitor clients' savings for changes in wealth and investment performance
Don’t push Big Pharma off a cliff just yet
An unprecedented number of pharmaceutical drugs will lose their patent protection in the next few years, a transition that sets the stage for a host of investment opportunities — and potential pitfalls.
No contest: Merrill stomping Morgan Stanley in wirehouse wars
Merrill Lynch has nearly 3,000 fewer financial advisers than Morgan Stanley Smith Barney. That didn't stop Sallie Krawcheck's crew from generating a much larger profit than MSSB in the first half of the year.
Economy teetering, but Wall Street back to buying posh beach homes
The tide is high, as house sales in the Hamptons surge; plowing market profits 'into real estate'
Key to second-half market rally? Tea Party
Tea Party members are mad as hell and they're not going to take it anymore -- an attitude that just might spark a second-half rebound in stocks prices, say money managers. Here's how.
RIA custody biz the bright spot in Schwab’s 2Q performance
Amid the rather lackluster financial results announced today by the Charles Schwab Corp., the company's RIA custody business continues to shine.
Why Wells Fargo and BofA are leaning on their brokerage businesses
Bank of America Corp. and Wells Fargo are pushing their customers to buy more brokerage, savings and banking services from them as the weak economy and new regulations make it harder to earn money from loans and investment banking.
Obama signs controversial financial-reform bill – and the spin begins
Pres. Obama's signature on the financial reform bill is barely dry. But Democrats and Republicans are already hustling to shape voters' opinions on the Dodd-Frank bill.
Slick move by BP would be Obama’s worst nightmare
A bankruptcy filing in the U.K. by the embattled BP would likely leave U.S. taxpayers holding the bag. No wonder a White House officials dubs such a scenario a 'horror.'
Custody success clears path to top for JPMorgan’s Miller
Custody may not be a particularly glamorous business. But Heidi Miller's successful stint at JPMorgan's securities services unit has cleared a path to the top for the Jamie Daimon loyalist.
