Claim custody bank defrauded customers in foreign currency transactions; 'virtually worst rates of the day'
The surprise departure of the CEO of BNY Mellon does not indicate any change of strategy for the custody bank -- or its clearing unit -- said a Pershing insider.
The latest: First Allied purchased by Lovell Minnick Partners and brokerage's management team
Legendary investor George Soros is trading in his hedge fund firm for -- a family office. Of course, this family office boasts $24 billion in assets under management.
Baffico exits: sources claim that fund firm will meld Claymore, Rydex
Now sitting on nearly $2 trillion in assets; it was a very good year for BNP Paribas
Investors were more like bridesmaids than brides in June. Stocks, bonds and commodities all fell, marking the first monthly decline for all three since 2009.
Bank of America Corp.'s retirement services head Andrew Sieg will now be responsible for a unit managing investment products.
As the Labor Department prepares to issue stricter rules for the retirement fund industry, financial advisers at RIA firms are licking their chops over the prospect of poaching business from broker-dealers and insurance agents
For decades, the Consumer Federation of America has fought for greater SEC monitoring of investment advisers. But with the commission facing funding woes, the consumer group sees the writing on the wall-- and it says 'SRO.'
Apparently, the new normal is not so bad for famed Pimco fund manager Bill Gross. According to reports, the bond king has purchased actress Jennifer Aniston's Beverly Hills house for $38 million.
Fees fall for stock and money market funds; charges for fixed-income offerings hold steady
An attempt by House Republicans to freeze the Securities and Exchange Commission's budget will meet resistance in the Senate, where the Democratic majority will seek to give the agency the increase recommended in the Obama administration budget.
The Treasury Department will soon offer guidance on lifetime income options in 401(k) plans with the aim of curbing the number of individuals who are likely to outlive their retirement savings.
The following remarks were delivered May 24 by Richard G. Ketchum, chairman and chief executive of the Financial Industry Regulatory Authority Inc., at its annual meeting in Washington
Bill Gross, Pimco's bond king -- and the king of the unusual analogy -- offers another offbeat comparison to get the attention of would-be purchasers of government paper.
Professor of finance pokes fun at Bill Gross — and sees continued run-up in stock prices
