No strategic fit between insurer's two main units, Golub insists; sees carrier eventually being broken apart
The president of a broker-dealer says that Charles Schwab took some of his assets off a custody platform after he hired a former Schwab employee. An isolated event? An attorney claims he has handled several cases over the last year arising from similar moves by the discount broker.
Raymond James Financial Inc. announced today that it is acquiring Howe Barnes Hoefer & Arnett, Inc., a Chicago-based investment bank.
According to officials in Missouri, brokers from two B-Ds unknowingly cold called state securities regulators at their offices, then tried to pitch them on 'can't-miss' investments. But wait, the story gets better.
The Securities and Exchange Commission will have to forge ahead with the dozens of studies and regulations called for in the Dodd-Frank financial reform law without any extra funding until at least early March.
Doom-and-gloom analysts say high unemployment will hammer large-cap stocks next year. Richard Skaggs, chief equity strategist at Loomis Sayles, has a slightly different view.
Morgan Stanley, the sixth-largest U.S. bank by assets, has told some employees to expect investment banking bonuses to decline 10 percent to 30 percent, according to two people briefed on the matter.
Democrats take dead aim at $5M exemption, low rate; .14% of estates would owe taxes under Obama's proposal
Influential lawmaker seeks to raise rate on gift tax; 'may disperse some people'
Roughly 76% of individuals under 61 who purchased long-term-care insurance during the first half of 2010 will pay less than $2,500 a year, according to a study released today by the American Association for Long-Term Care Insurance.
The U.S. Securities and Exchange Commission banned a market-maker pricing practice known as stub quotes, prohibiting a technique that caused shares to trade as low as 1 cent during the May 6 crash.
Jeffrey Gundlach hasn't lost his investment magic — or his famous ego — running DoubleLine Capital LP, the Los Angeles money manager he formed after his highly publicized firing from now rival manager TCW Group last December.
Jeffrey Gundlach, ousted early this month as chief investment officer of TCW, announced today he has established a strategic relationship with Oaktree Capital Management LP in which Oaktree will help his new firm, DoubleLine LLC, establish its own operational infrastructure.
Financial advisers are certainly not in agreement with their clients about the state of the markets.
As of late, most financial advice regarding retirement options has been geared toward company employees
Pimco boss unsure whether less government will ignite commerce; 'animal spirits' vs. 'meaningful reform'
More settlements expected, says antitrust chief; 'stay tuned to this channel'
Stocks rose, copper and gold climbed to all-time highs and Treasuries fell after President Barack Obama agreed to extend tax cuts, offsetting concern that Europe's debt crisis will spread further.
For financial advisers and money managers, the latest twist in the eurozone's deepening debt drama — Ireland's $116 billion rescue package — is a stark reminder to remain nimble-footed with regard to exposure to foreign debt.
President Barack Obama and congressional Republicans kick-started negotiations today at the White House over a possible extension of Bush-era tax cuts that are set to expire Dec. 31.
