While the price of gold has been rising steadily since 2001 and reached its highest average level ever in 2009, S&P's Metals & Mining equity analyst, Leo Larkin, believes that the price will rise again in 2010, for several reasons.
By late 2009, as the U.S. dollar flirted with multi-year lows against most foreign currencies, big investment players crowded into trades that shorted the greenback.
I have a solution for Lee Feldman's salespeople who are worried about losing their income derived from 12(b)-1 fees (“Keeping 12(b)-1 fees discourages churning,” Feb. 1).
Merrill Lynch Wealth Management confirmed today that Jimmy Tighe, who left Morgan Stanley Smith Barney this week, has joined the firm.
Swiss bank UBS AG posted a fourth-quarter profit of 1.205 billion Swiss francs ($1.12 billion) Tuesday, beating analysts' expectations partly thanks to a tax credit, but said rich clients' withdrawals had continued.
Deep-discount broker Scottrade is stepping up the marketing of its products and custody services to registered investment advisers.
Citi Smith Barney and Raymond James Financial Services Inc. have won major arbitration claims involving institutional and individual clients seeking tens of millions of dollars in restitution for the purchase of auction rate securities.
Bob MacDonald, the former chief executive of Allianz Life Insurance Co. of North America, has upbraided The Hartford Financial Services Group Inc. for selecting Liam McGee as its new chief executive, calling the decision “outsourcing taken to a new and more dangerous level.”
Five millions shares allotted to workers, including officers and sales force leaders
Christopher Van Slyke's firm was growing at a rapid clip. His approach to managing the bustling operation, however, lagged far behind
Industry group for insurance and financial advisers gives acting CEO the job on a permanent basis
Robert W. Baird & Co. Inc. has made another addition to its wealth management business, this time snatching a $150 million adviser team from Morgan Stanley Smith Barney LLC.
A new report suggests there's some correlation between the amount of banking expertise on board and the bank's ability to weather the economic crisis
The high-court's move in a key case could trigger flood of mutual fund lawsuits
Ms. Boesky will work on developing business with institutional investors and strengthening the bank's relationships with clients
The five companies covered are General Motors and its financing arm, GMAC, Chrysler and its financing arm, Chrysler Financial, and AIG.
To deal with a rising-rate environment, the fund manager has built a 44% position in bonds that have yields that adjust in relation to the London Interbank Offered Rate.
While the national average cost of home health care increased last year, expenses vary from city to city.
