Merrill Lynch & Co., the Bank of America Corp. securities brokerage unit, won a U.S. judge's ruling denying a bid by 17 black financial advisers for group status in their five-year-old discrimination case.
Three female advisers claim they were treated as “second-class citizens,” according to a class action lawsuit filed against the bank
A lawsuit over the theft of contact information for more than 6 million TD Ameritrade customers has been ordered into mediation, so the search for a satisfactory settlement will continue.
Send letter to Fed boss Ben Bernanke urging central back to halt latest round of quantative easing
On October 29, the bond vigilantes, after being in hibernation for many years, suddenly awoke and fired a warning shot at the Federal Reserve, the stock market and millions of other investors.
Compensation for brokers and firm executives would be subject to claw-backs if deemed excessive
Hiring in the asset management business rebounded in 2010 after two sluggish years, but active-domestic-equity managers are on the outs, according to a recent report by executive recruiting firm Russell Reynolds Associates Inc.
Nervously await Deficit Commission report on the inside build-up of insurance products
Former Merrill exec Bob McCann is helping to spark a turnaround in the UBS wealth management unit
Three independent governors elected to the Finra board in August are already drawing fire from critics who say that they have abandoned the reform platform that got them elected in the first place
But Berkshire boss says pain from the financial crisis will last for a long time
With growing concerns about an increase in defaults among state and city governments, money managers are ratcheting up their efforts to reduce the levels of risk in their municipal bond portfolios.
MetLife Inc.'s decision to stop writing new long-term-care insurance should be viewed as a positive event, according to Moody's Investor Services.
Signs are emerging that Wall Street is looking to staff up after a long, painful purge.
But the road to riches is paved with lots of obstacles, experts say
Invesco Ltd. is poised to give BlackRock Inc. a run for its money as the world's biggest asset manager, according to Don Putnam, managing partner of Grail Partners LLC.
Morgan Stanley Chief Executive Officer James Gorman said the firm intends to buy the remaining stake in a brokerage joint venture with Citigroup Inc.'s Smith Barney on target dates established in the original deal.
Spending cuts, tax hikes needed to spur growth, says CIO; quantitative easing not a game changer
Affording health care during retirement remains the No. 1 concern of working Americans, according to a new survey from Edward Jones.
