JPMorgan CEO makes TARP wisecracks
Jamie Dimon, JPMorgan Chase & Co.'s chief executive, expressed frustration about how bankers have been vilified since the financial crisis began last year.
IRS seeks business hardship changes to 401(k) rules
Proposed IRS rules would allow employers that made automatic 401(k) plan contributions under a safe-harbor provision to suspend or reduce those contributions if they incurred a substantial business hardship.
Samberg to close Pequot Capital
Arthur J. Samberg, founder, chairman and CEO of hedge fund manager Pequot Capital Management, today told clients he will shutter the firm, close its core funds and spin out two funds into separate businesses, according to a client letter obtained by Crain's Pensions & Investments.
CFP Board announces exam results
The Certified Financial Planner Board of Standards Inc. today announced that slightly more than half (52.3%) of the 2,063 individuals who sat for the March 20-21, 2009, CFP certification examination passed the test.
Next AIG chief may come from its board
Caretaker CEO Edward Liddy wants out, so all eyes turn to six new directors slated for insurer’s board, including former AmEx chief Harvey Golub and Sears vet Arthur Martinez.
Up to 30% of clients will change advisers, consultant predicts
It took only a matter of months for the markets to lose nearly half their value, but advisers will feel the ripple effects of this economic crisis for years, predicts a prominent consultant.
Inside the panic at Reserve Management
The evening of Sept. 15 was the worst of Bruce Bent II's career.
At the bell
Ameriprise Financial Inc. on Friday stepped back from receiving TARP money, less than 24 hours after the Department of the Treasury cleared it to participate in the program.
Advisers unfazed by Fed’s bank stress test results
The results of the Federal Reserve's examination of the nation's 19 largest banks don't adequately characterize the state of the financial industry, according to 75% of financial advisers responding to a question in an InvestmentNews poll.
Salient Wealth Management and Friedman & Associates tie the knot
Two of the largest investment advisory firms in the San Francisco Bay Area — Salient Wealth Management LLC of San Rafael, Calif., and Friedman & Associates of Novato, Calif. — have merged.
