Proposals voted on at Citigroup, JPMorgan and Morgan Stanley that allow investors to weigh in on pay were not well received.
Brinker Capital Inc. has surpassed the $10 billion mark in assets under management.
A Florida pension fund yesterday filed suit against AIG and four executives of making misleading statements about the company’s finances.
Concentrating on its existing 11,100 advisers is LPL's first priority, said executive William Dwyer III.
The Boston-based money manager posted net income of $53.2 million, or 43 cents per share.
A Wells notice was sent to Maurice Greenberg, former chief executive of AIG, last Friday, The Wall Street Journal reported.
The economy will probably avoid going into recession, said Marci Rossell, a former chief economist for CNBC Inc. television.
The producer price index edged up a weaker-than-expected 0.2% last month, reflecting reduced gasoline prices at the producer level.
American International Group Inc.’s will raise $20 billion to guard against further write-downs, according to published reports.
For the first time, starting in July, Citigroup Inc.'s managed-account platforms will start advising Smith Barney reps and Citi private bankers on when to buy and sell specific money managers and mutual funds for their clients.
Consumer confidence fell to its lowest level since 1980 and its fifth-lowest reading ever.
The U.S. financial markets have calmed down, but more turmoil lies ahead, the secretary said today.
Joe Moglia will be succeeded by Fred Tomczyk, who has been TD Ameritrade's chief operating officer since July 2007.
The United Nations cited expectations of only 1.8% growth for 2008, compared with growth of 3.8% in 2007.
Construction of new homes swung up unexpectedly in April, as the number of new multifamily housing units grew.
What would be the financial consequence if one of your clients lost his or her physical and/or mental independence?
The insurer settled with the Connecticut Attorney General’s Office following an investigation into its practices.
U.S. industrial production fell 0.7% in April as the manufacturing sector recorded its worst drop in nearly three years.
The firm posted a 19% drop year over year in first-quarter profit due to weaker returns in its real estate and private-equity businesses
The U.S. consumer price index inched up 0.2% last month, due largely to rising gasoline costs.
