Twelve finalists for the second annual Community Leadership Awards have been named.
The European Central Bank — the central bank for the Eurozone currency area — today decided to leave its three key benchmark interest rates unchanged.
Mario Gabelli plans to raise $200 million to buy a financial services, media or telecommunications company.
Freddie Mac of McLean, Va., today reported a second-quarter loss of $821 million, a decline of $1.63 per diluted share.
Ameriprise Financial Inc. has made a splash in the roiling M&A acquisitions market for independent broker-dealers.
Net income at the Société Générale slipped to $1 billion from $2.36 billion in the 2007 second quarter.
A number of Eaton Vance's closed-end funds will redeem approximately $176 million in ARPS.
Personal spending increased 0.8% in June, marking the steepest one-month gain since a 1% increase in February 1981.
With operational costs growing and financial advisers in short supply, the demand for talent has put the value of young financial planners at a premium, according to industry guru Mark Tibergien.
Tax loss harvesting and defensive portfolios have been the way to go for financial advisers who rely on separately managed accounts — particularly during rocky equity markets.
As fallout from the mortgage crisis leads to tighter restrictions on lending, some financial advisers are finding opportunities to fill a void for their clients by entering the lending business.
HSBC's net income for the first six months was down 29% at $7.7 billion, compared with $10.9 billion a year ago.
Adviser confidence in the economy and stock market dropped even further last month, according to Rydex AdvisorBenchmarking Inc.'s Advisor Confidence Index.
The bank has outstanding liabilities of $100 million to $500 million and fewer than 50 creditors, according to the filing.
Jim Nagengast was named president of Securities America Inc., the broker-dealer unit of Securities America Financial Corp.
In the past two years, 53% of registered investment advisers bought or considered buying another advisory firm.
In another sign of a floundering economy, the unemployment rate vaulted to 5.7% in July.
The exchange posted a 21% increase in the second quarter but came in markedly below expectations.
The state of New York will bring legal action against Citigroup, accusing the bank of fraudulently selling auction rate securities and destroying documents that had been subpoenaed by the state.
“The [SEC] emergency order will further constrain normal market operations," said the Managed Funds Assoc. president.
