The financial services industry has spent most of this year anticipating regulatory changes in response to the recent global economic crisis.
State regulators are up in arms about a provision in the proposed Investor Protection Act which would eliminate a requirement that an independent consultant hired by the Securities and Exchange Commission look into the failures at self-regulatory organizations.
The Securities and Exchange Commission would be instructed to study whether pre-sale disclosures should be required for all products sold to retail investors under a provision of financial services regulatory-reform legislation likely to be approved this week by the House Financial Services Committee.
RBC Wealth Management has recruited a pair of financial advisers from U.S. Trust Wealth Management, where they ran some $450 million in client assets.
Economist, lawyer and deadpan comedian Ben Stein doesn't find much humor in the way the federal government is handling the economic crisis.
So you think only ordinary people have financial troubles?
Kenneth Feinberg, President Obama's “pay czar,” last week capped and restructured the salaries of top executives at seven embattled corporations that have not yet repaid the help they received from the federal government last year.
There's plenty of money-making opportunities right here in the USA, despite the sluggish economy, according to some industry observers.
Some 4,200 advisory firms can expect more oversight and higher costs under legislation that would remove them from SEC oversight and place them under state regulation.
Investment advisers, state regulators and consumer advocates were astonished by the easy adoption of a key addition to the Investor Protection Act that would give Finra power to oversee any adviser associated with a registered broker-dealer, including about 500 dually registered Finra members.
In the months since purchasing the Chicago Cubs in a highly leveraged, $845-million deal, new owner Tom Ricketts has used his investment banking experience to shore up the team's financial structure, securing major funding from investors who rarely dabble in sports franchises.
Swiss bank UBS AG reports earnings for the third quarter on Tuesday. The following is a summary of key developments and analyst opinion related to the period.
Consumer spending plunged in September by the largest amount in nine months, reflecting the end of the government's Cash for Clunkers auto sales program. Incomes, the fuel for future spending, were flat.
The White House says new job numbers will show the president's economic stimulus plan has directly created or saved about 650,000 jobs.
The giant firm conundrum: is it possible to create scale and still stay entrepreneurial?
After a record four straight losing quarters, the economy finally grew again. It was hardly a boom, and it was almost all because of government spending. But it was enough to change the question from when the recession will end to whether the recovery will hold.
Employment costs rose by the smallest amount on record in the 12 months ending in September, as high unemployment restrained wage and benefit growth.
A California life insurance agent will face a preliminary hearing Friday as he contends with grand-theft and identity theft charges.
Grim signals about consumer spending ripped through the markets Friday, sending stocks tumbling as investors raced for safe havens.
Gilbert Van Hassel has been named global CEO of the unit, while Jeff Becker will now be the CEO of ING Investment Management in the Americas
