Mergers between employee benefit and financial advisory firms may become common as they set their combined sights on baby boomers’ retirement assets, according to industry observers.
Old Mutual of London is planning to significantly expand its asset-management division in the U.S., according to MarketWatch.
Robert Lyon, former CEO and CIO of Institutional Capital Corp., died earlier this week at the age of 57.
An Italian judge has ordered Bank of America to stand trial in connection with the 2003 collapse of Italian dairy company Parmalat SpA.
UBS picked deputy group CEO Marcel Rohner to helm the company, replacing Peter A. Wuffli.
Braddock Financial will liquidate its $300 million hedge fund due to investor fears of subprime mortgage exposure.
A specialty insurer said that two of its employees received Wells notices from the SEC's division of enforcement.
Following hedge fund problems, asset management risk control will report to parent's risk czar.
Ameristock Corp. today announced the launch of trading in five new U.S. Treasury exchange traded funds on the American Stock Exchange today.
The New York-based hedge fund manager seeks $2 billion in IPO.
Fund managers are keeping their powder dry, saying "nothing is really cheap" right now.
As Bear Stearns bails out its sinking hedge fund, another threat looms: lawsuits from angry investors, Reuters said.
Commerce Bank N.A. of Cherry Hill, N.J. has announced the departure of chairman and CEO Vernon W. Hill.
Fidelity has bought back preferred shares from stockholders, possibly paving the way for a new ownership structure.
Claymore Securities has launched two exchange traded funds on the American Stock Exchange today, themed on brokerages to vaccines.
HSBC Holdings has applied for a life insurance license with a Chinese partner and expects to begin operations in that country by 2008.
LaSalle Bank is cutting 100 more jobs than previously announced, but none of the additional reductions will come from the Chicago area.
On average, every dollar that funds spend on trading costs translates into a roughly 42-cent reduction in fund value, Virginia Tech Professor Gregory Kadlec said today.
The Security Benefit Group of Companies today announced it will acquire Rydex Investments.
