Who'd a thunk it? Life insurers, now cash-rich, have rebounded nicely from the financial crisis. But their shares are still cheap compared with those of banks, analysts say.
Assets of the 500 biggest managers of U.S. institutional tax-exempt money jumped 11.2% in 2010, just half a percentage point off the pace of the prior year's rebound from the global financial crisis, according to sister publication Pensions & Investments' latest annual money manager survey.
Small B-D in Georgia ceases operations; sold $215K of preferred stock in Provident private placement
Whether Sallie Krawcheck's (pictured) Merrill Lynch brokers and Bank of America bankers can live happily ever after — and produce greater profits as a result of their marriage — is being put to the test at the nation's largest financial institution
Global wealth boss said company lost 35 reps to independent B-Ds last year, but picked up 25
Executives at illiquid-asset exchange SecondMarket Inc. want traditional money managers to use their company
An ex-Lehman Brothers Holdings Inc. brokerage executive took his fight for $19.6 million in bonuses to a higher court after a bankruptcy judge said Barclays Plc didn't agree to be bound by his Lehman contract when it bought the brokerage.
JPMorgan Chase & Co. will settle claims against it brought by Lehman Brothers Holdings Inc.'s brokerage by returning $800 million in cash and securities, according to court papers.
Number of high net worth individuals swells, as markets recover; good two years for Houston
After five years, financial advisory firms move from the launch stage to adolescence, where they are faced with decisions that could affect their business for the next 20 years.
Dodd-Frank co-author sends letter to commission not to foist 1940 law onto broker-dealers
The Securities and Exchange Commission staff member who coordinated its study of a universal fiduciary duty for retail investment advice said last Monday that a follow-up regulation won't come until later in the year
After the financial markets see-sawed through several distinct phases for much of 2010, investors gradually regained confidence late in the year and stocks rallied as mixed economic indicators became more positive.
The firm is seeking $344K from the ex-broker - and current Hamilton County, Ohio trustee - for alleged 'unauthorized withdrawals' from a client's account.
Powerhouses of the RIA industry - Jeffrey McCallum, David Barton, Ric Edelman and Tom Muldowney (clockwise)- tackle the industry's biggest issues.
Almost half of over 1,000 adults who said they have a financial plan said theirs hasn't moved beyond the idea stage, 42% have committed their plan to paper and just 11% have basic notes or ideas, such as thoughts scribbled on the back of a cocktail napkin, a recent survey has found.
Sees large-cap index topping 2,100 at peak of current bull market
Three years after Bank of America rescued Merrill Lynch, BofA has hit a serious rough patch. Concerns about the bank's mortgage portfolio have welled up again. This week, those concerns drove the bank's stock price below $11. In 2006, it was at $55. The question: what do Merrill brokers make of all this?
'I've never been more optimistic on the long-term prospects of the U.S. dollar and U.S. economy,' says fund manager
Units of Bank of America and Morgan Stanley agreed to settle charges that they illegally foreclosed on U.S. service members. The Justice Department claimed that, in some cases, severely injured soldiers have had their houses seized.
