Although retention bonuses and deferred-payment recruiting packages have locked many top-producing brokers in place at wirehouses, a substantial number are still looking to break free.
Pres. Obama's signature on the financial reform bill is barely dry. But Democrats and Republicans are already hustling to shape voters' opinions on the Dodd-Frank bill.
JPMorgan Chase & Co. said Thursday its second-quarter net income soared 77 percent to $4.8 billion as a slowdown in losses from failed loans helped offset a difficult spring in trading and investment banking.
American Insurance Group Inc. and some of its directors and officers have agreed to a $725 million settlement to resolve allegations of wide-ranging fraud laid out in a class action suit led by three Ohio pension funds.
Federal Reserve officials predicted the expansion will be too slow to return to full employment in the next two years while also saying further measures to boost the economy probably won't be needed in the short term.
The Labor Department today issued much anticipated fee disclosure rules for providers of services to employee pension benefit plans.
JPMorgan Chase & Co., the second- biggest U.S. bank by assets, plans to sell 10-year global notes as soon as today after reporting profit rose 76 percent, more than analysts estimated.
After spending the July 4 recess studying the 2,300-page overhaul measure, Sens. Scott Brown, R-Mass., and Olympia Snowe, R-Maine, announced yesterday that they will support the bill.
An important milestone has been reached on the path to the professionalization of financial advice with the inclusion of language in the financial-reform bill which would authorize the SEC to issue rules to extend the fiduciary standard to broker-dealers providing advice to retail clients.
Rules by themselves are never an answer.
A bankruptcy filing in the U.K. by the embattled BP would likely leave U.S. taxpayers holding the bag. No wonder a White House officials dubs such a scenario a 'horror.'
Despite lack of disclosure by BP about the volume of oil spilling from its well in the Gulf of Mexico, the company's agreement to create a $20 billion fund to pay claims may help BP in defending against any securities-related disclosure claims, according to securities lawyers.
Custody may not be a particularly glamorous business. But Heidi Miller's successful stint at JPMorgan's securities services unit has cleared a path to the top for the Jamie Daimon loyalist.
UBS AG's Luxembourg unit is being probed by prosecutors over allegations of forgery when it oversaw two funds linked to Bernard Madoff.
Joseph B. “Joby” Gruber, the former CEO of AIG broker-dealer FSC Securities Corp. who was forced to resign after Finra accused him of allowing an underling to take continuing-education exams in his name, is back in the independent broker-dealer business.
Investors are taking advantage of a loophole that lets them use their pension money to invest in new businesses -- tax free. But snares await
Forget new regulations -- just dangle a bigger bone in front of Wall Street watchdogs
The groups also claim the Labor Department is stepping outside the bounds of ERISA by claiming the authority to define what investments are appropriate for plans
American International Group Inc.'s financial position remains relatively stable, according to a report released last week by the Government Accountability Office.
