Industry News

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NEWS INDUSTRY NEWS SEP 03, 2010
Nouriel Roubini: 'Greece is just the tip of the iceberg'

Nouriel Roubini, the New York University professor who forecast the U.S. recession more than a year before it began, said sovereign debt from the U.S. to Japan and Greece will lead to higher inflation or government defaults.

By Bloomberg
NEWS INDUSTRY NEWS SEP 02, 2010
Crude perhaps, but oil futures point to pumped-up economy in 2011

Traders, storage facility owners betting on turnaround in the first half of the year

By Bloomberg
Guess what Michael Burry is plowing his money into now?
NEWS INDUSTRY NEWS SEP 02, 2010
Guess what Michael Burry is plowing his money into now?

The ex-hedgie who predicted the mortgage collapse sees green in green acres. High tech, gold looks good to him as well.

By Bloomberg
Rapid recovery for grave economy is 'mission impossible,' says Roubini
NEWS INDUSTRY NEWS SEP 02, 2010
Rapid recovery for grave economy is 'mission impossible,' says Roubini

Economist Nouriel Roubini says there's no chance for a swift economic turnaround. In fact, he says a recovery, if it happens, will actually feel like a recession. Given that scenario, Dr. Doom thinks the U.S. greenback may be a better bet than gold.

By John Goff
NEWS LIFE INSURANCE AND ANNUITIES SEP 02, 2010
Analysts cool to a Manulife bid for Lincoln

Reports began circulating on Aug. 27 that Manulife — John Hancock Financial Services Inc.'s parent company — was gearing up to buy Lincoln National Corp.

By Darla Mercado
NEWS INDUSTRY NEWS SEP 02, 2010
Surprising private payroll data may ease public's fear of double-dip

Key gauge shows employers plumped up payrolls in August, surprising analysts; recession talk 'probably misplaced'

By Bloomberg
NEWS RIAS SEP 02, 2010
Editorial: So much for 'Home Sweet Home'

For the forseeable future there will be no easy way to build a retirement nest egg, meaning investment advisers and their clients will have to work harder and use a wider range of tools to accomplish the task.

By MFXFeeder
NEWS RETIREMENT PLANNING SEP 02, 2010
U.S. Trust lures three advisers from Barclays Wealth

The firm named both Ray Schuville and George Jenckes private client advisers and Josh Glazer private client manager.

By Hilary Johnson
NEWS RIAS SEP 02, 2010
Credit rating reform efforts moving in right direction

Congressional attempts to eradicate conflicts of interest from the Wall Street credit agencies' business model are headed in the right direction, to the benefit of all investors.

By MFXFeeder
How low can mortgage rates go?
NEWS ALTERNATIVES SEP 01, 2010
How low can mortgage rates go?

Mortgage rates fell to the lowest level in decades for the tenth time in 11 weeks, as investors worried about the economy.

By Associated Press
NEWS LIFE INSURANCE AND ANNUITIES SEP 01, 2010
The Hartford disbands distribution arm

The Hartford Financial Services Group Inc. is disbanding its distribution arm, Hartford Life Distributors, and decentralizing its wholesalers to four recently established business units.

By Jessica Toonkel
Texas firm latest B-D to close its doors
NEWS BROKER DEALERS SEP 01, 2010
Texas firm latest B-D to close its doors

United Equity Securities LLC filed with the Financial Industry Regulatory Authority Inc. on Aug. 12 to terminate its status as a broker-dealer.

By Jessica Toonkel
NEWS BROKER DEALERS SEP 01, 2010
Private-placement problems zap 12 indie B-Ds

Selling private placements has turned into a disaster for some independent broker-dealers.

By Bloomberg
NEWS INDUSTRY NEWS AUG 31, 2010
War over Wachovia: Wells Fargo pays Citi $100M in settlement

Wells Fargo & Co. agreed to pay Citigroup Inc. $100 million to settle claims that the San Francisco-based bank improperly won bidding to acquire Wachovia Corp. during the financial crisis.

By Mark Bruno
NEWS REGULATION AND LEGISLATION AUG 31, 2010
Top White House economist: Lax demand — not reform — is stifling businesses

On her way out the door, the top White House economist dismissed the notion that American corporations are sitting on nearly $2 trillion of cash because they're wary of how major new laws — and some policies currently under consideration — will affect their businesses.

By Mark Schoeff Jr.
NEWS RIAS AUG 31, 2010
$3.2M Smith Barney team bolts Morgan Stanley for J.P. Morgan

Morgan Stanley Smith Barney LLC has lost a $3 million producing team of veteran Smith Barney brokers to rival J.P. Morgan Securities LLC.

By Bruce Kelly
NEWS INDUSTRY NEWS AUG 31, 2010
What to buy, or sell, in the auto sector

Standard and Poor's Equity Research has a positive fundamental outlook for auto makers.

By Mark Bruno
NEWS INDUSTRY NEWS AUG 31, 2010
B-D dukes it out with Finra over closure

Finra is playing hardball with a broker-dealer that recently lost a securities arbitration, according to the chief executive of the small broker-dealer that's battling with the regulator.

By Bruce Kelly
NEWS BROKER DEALERS AUG 31, 2010
MaxxTrade the latest B-D to go belly-up

Another small broker-dealer has been shut down, with this one owing $1.2 million in damages and legal fees imposed on it in a recent arbitration decision.

By Bruce Kelly
NEWS LIFE INSURANCE AND ANNUITIES AUG 31, 2010
Forged MetLife 'checks' show retained-asset risks

After her mother died, Jasmine Williams was assured by MetLife Inc. that her $101,819 in life insurance benefits were safe and was sent what the company called a guaranteed money market “checkbook” in 2002.

By Bloomberg