Bessemer displaying nerves of steel
The Great Recession may have left many wealthy families market-shy, but Bessemer Trust, the largest family office, is acting aggressively on behalf of clients.
New York Legislature OKs bill regulating life settlements
New York’s state Legislature has passed a bill that would to regulate life settlements, requiring brokers and intermediaries…
Finra wins SEC approval to expand BrokerCheck
Brokers' disciplinary records will be available online to the public even if they leave the securities industry, a regulatory organization said Tuesday.
HighTower elevates Pottruck, adds two top execs
HighTower Advisers, the registered investment advisory firm and rising independent broker-dealer powerhouse, has built out its management team and expanded the role of one of its top directors: David Pottruck, the former chief executive and president of The Charles Schwab Corp.
MSSB tops among rich
After all of the controversy and consolidation in the wirehouse sector, Morgan Stanley Smith Barney LLC remains the top-rated firm among high-net-worth investors, according to Cogent Research LLC's 2010 Investor Brandscape report, released Thursday.
Catastrophe bond issues expected to surge this quarter
The catastrophe bond market is poised for an active fourth quarter as several factors combine to boost the insurance-linked-securities sector, according to experts and observers
UBS whistleblower files complaint against prosecutors
The key informant in the tax evasion case against Swiss bank UBS AG claims prosecutors made false statements to a judge who sentenced him to prison.
Wall Street execs on financial crisis: Our bad
Wall Street executives said Wednesday they underestimated the severity of the 2008 financial crisis and made poor decisions, while also defending their bonus and compensation practices to a skeptical commission investigating what caused the collapse.
Sieg retools Merrill Lynch’s retirement services group
Three months after he joined the company, Andrew Sieg, head of retirement and philanthropic services at Bank of America/Merrill Lynch, has reorganized its retirement services group
‘Virus’ to blame for rash of bank robberies in Colorado?
With a nearly 30 percent jump in bank robberies last year when compared with 2008, banks in Colorado are being encouraged to report suspicious people entering their banks as a way to discourage would-be bank robbers.
