Industry News

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Jeremy Grantham: One of the 'greatest inflection points' in economic history
NEWS INDUSTRY NEWS JUL 26, 2011
Jeremy Grantham: One of the 'greatest inflection points' in economic history

The legendary investor warns that the world is now a more constrained place -- a place where prices of raw materials will rise and shortages will be commonplace

By Jeremy Grantham
NEWS WIREHOUSES JUL 26, 2011
McCann do: UBS wealth management sees huge jump in profit

Unit reports nearly eight-fold increase in pretax earnings; rich clients finally returning in force

By John Goff
NEWS RIAS JUL 25, 2011
E*Ject? Another CEO jettisoned at E*Trade

Frieberg the third chief executive to exit the brokerage in four years; 'appropriate time'

By John Goff
NEWS INDUSTRY NEWS JUL 25, 2011
Body of brokerage founder recovered in Lake Ontario

Griffiths missing for five days; helped launch GMP Capital

By John Goff
NEWS INDUSTRY NEWS JUL 25, 2011
Pimco, BlackRock get some satisfaction with BofA settlement

Dust-up over soured mortgage trusts settled, as bank agrees to paybondholders $8.5B

By John Goff
Goldman, Morgan Stanley bullish on commodities
NEWS INDUSTRY NEWS JUL 25, 2011
Goldman, Morgan Stanley bullish on commodities

Goldman Sachs and Morgan Stanley increased their forecasts for crude-oil prices by more than 20%, signaling a bullish outlook for commodities.

By Doug Cubberley
Big rise in Finra lobbying $$$
NEWS REGULATION AND LEGISLATION JUL 25, 2011
Big rise in Finra lobbying $$$

Industry regulator shelled out more than $300K in first quarter; entire financial industry spending big bucks bending ears

By Dan Jamieson
NEWS RIAS JUL 24, 2011
Advisers' two toughest words: 'Save more'

It is no secret that many middle-class Americans aren't saving enough for retirement, but according to financial advisers, a surprising number of their higher-income clients are in the same predicament and need help to turn things around

By Lavonne Kuykendall
NEWS ALTERNATIVES JUL 24, 2011
Regulator wants to firm up pricing of illiquid securities

Finra is continuing to shake up the way broker-dealers show the value of illiquid investments such as nontraded real estate investment trusts and private placements on clients' account statements

By Bruce Kelly
NEWS MUTUAL FUNDS JUL 24, 2011
Emotional responses are common among managers as well as investors

Looking at a portfolio manager's track record is one thing, but understanding how he or she achieved it, and whether it can be repeated, is another story and something that financial advisers should consider when selecting funds for their clients, according to those who study investor behavioral trends

By Andrew Osterland
Biggest muni bankruptcy ever puts investors on high alert
NEWS RETIREMENT PLANNING JUL 22, 2011
Biggest muni bankruptcy ever puts investors on high alert

Creditors left holding the bag after Jefferson County goes bust; 'catastrophic mistake'

By John Goff
Will minibonds be a megahit?
NEWS RETIREMENT PLANNING JUL 22, 2011
Will minibonds be a megahit?

California eyes selling muni debt in $25 denominations; lower buy-in designed to attract more investors

By John Goff
Expected rout in muni market a no-show
NEWS RETIREMENT PLANNING JUL 22, 2011
Expected rout in muni market a no-show

After S&P lowered ratings on thousands of municipal bonds earlier in the week, traders braced for a massive selloff. They're still waiting.

By John Goff
NEWS INDUSTRY NEWS JUL 22, 2011
Meredith Whitney's zombie-bank claim 'hogwash,' says Dimon

JPMorgan boss dismisses analyst's claims, says banks can cope with mounting presssures

By John Goff
Regulator to bond dealers: Don't rip off investors
NEWS RETIREMENT PLANNING JUL 22, 2011
Regulator to bond dealers: Don't rip off investors

MSRB warns against price manipulation in the wake of possible credit downgrades

By Dan Jamieson
Debt drama obscuring great plays in the stock market: Hartford's Carmen
NEWS REGULATION AND LEGISLATION JUL 22, 2011
Debt drama obscuring great plays in the stock market: Hartford's Carmen

HMOs, even Apple undervalued, fund manager says; mess in Washington will get straightened out

By Jeff Benjamin
Boehner, GOP bigs all voted for debt drivers they now blame on Obama
NEWS REGULATION AND LEGISLATION JUL 22, 2011
Boehner, GOP bigs all voted for debt drivers they now blame on Obama

Like the President, Republican leaders gave thumbs up to TARP, prescription drug plan, foreign wars; 'plenty of blame to go around'

By John Goff
A bridge loan too far? California aims to borrow $5B to protect against U.S. default
NEWS RETIREMENT PLANNING JUL 22, 2011
A bridge loan too far? California aims to borrow $5B to protect against U.S. default

State hedging against possible credit market chaos; lowest-debt rating of all 50 states

By John Goff
NEWS INDUSTRY NEWS JUL 22, 2011
In the hunt

Who will bag Securities America? Sources say Ladenburg and Cetera are leading the pack that's pursuing the struggling B-D. But a PE firm is also thought to be sniffing around the Ameriprise unit.

By John Goff
Debt deal in Washington could be monumentally bad for clients
NEWS RETIREMENT PLANNING JUL 22, 2011
Debt deal in Washington could be monumentally bad for clients

Tax breaks for investments and savings look to be prime targets for lawmakers; 'the fight is coming'

By Mark Schoeff Jr.