Stifel Financial Corp., which has quintupled revenue since 2005 with nine acquisitions, may find its biggest takeover opportunity yet in Regions Financial Corp.'s Morgan Keegan & Co.
Morgan Keegan could be on the block after reaching a $210M settlement with regulators over valuations of subprime mortgages in mutual funds; 39,000 investors lost $1.5 billion.
A parade of Industry experts and regulators testified in front on a Congressional panel today on whether investment advisers need a self-regulatory organization. The upshot? An SRO is necessary -- and Finra may be the best bet for the job.
A Brookings Institution proposal would take away Americans' variable tax breaks on retirement contributions in exchange for a flat tax credit to be deposited automatically into the saver's account.
Offering a record keeper's funds does not lead to a violation of fiduciary duty, Reish says
UBS Financial Services Inc. has hired on three long-time Merrill Lynch financial advisers managing $450 million in assets and producing $2.85 million in fees and commissions over the last 12 months, the firm announced today.
The clock is ticking at Regions Financial Corp. and for the approximately 1,200 brokers at its investment bank, Morgan Keegan & Co. Inc.
A new online database allows donors and advisers to search for donations of $1 million or more
In a recent private-letter ruling (PLR 201116005), the Internal Revenue Service allowed a disabled beneficiary to transfer his share of two inherited individual retirement accounts to a special-needs trust of which he was the beneficiary
Though the options are relatively few, there are places socially conscious mutual fund investors can go for exposure to bonds. Of the 173 mutual funds that Morningstar Inc. identifies as applying social or religious screens, only 20 invest in bonds
Attendees at annual convention urged to diversify their workforces; 'you have to be willing to be uncomfortable'
Marty Kurtz is trying to bring cultural change to the association
UBS took a massive $2B hit from what it says was unauthorized trading by an employee. The loss puts the Swiss bank in elite company, along with several other financial institutions that have been rocked by bad bets. Here's the ten worst in recent years.
Gensler says JPMorgan loss proves regulations need to cover international contracts, as well
Value-at-risk measurement proved to be way off for both companies
In an internal memo obtained by Reuters, the new boss of UBS says the bank's U.S. brokerage is not being shopped -- despite rumors to the contrary. | <a href=http://www.investmentnews.com/article/20110926/FREE/110929946>PR disaster could curtail UBS' generous recruitment packages</a> | <b>Extra</b> <a href=http://www.investmentnews.com/apps/pbcs.dll/gallery?Site=CI&Date=20110923&Category=FREE&ArtNo=923009998&Ref=PH>What top RIA execs make</a>
<i>Jittery. Anxious. Panicked.</i> Take your pick -- any of these words describe stock investors, who pulled nearly $75B from equity mutual funds and ETFs since the end of April. And many won't be coming back.
Breaking away can be a daunting proposition. Here's what to do — and not to do.
Swiss bank may also have to reduce headcount even further
