In response to the credit crisis, a group of financial industry executives unveiled a plan today to improve risk management.
Freddie Mac of McLean, Va., today reported a second-quarter loss of $821 million, a decline of $1.63 per diluted share.
Mario Gabelli plans to raise $200 million to buy a financial services, media or telecommunications company.
Samuel Israel III, founder of Bayou Group LLC, pled guilty to charges related to his attempts to jump bail and flee.
Ameriprise Financial Inc. has made a splash in the roiling M&A acquisitions market for independent broker-dealers.
Net income at the Société Générale slipped to $1 billion from $2.36 billion in the 2007 second quarter.
A number of Eaton Vance's closed-end funds will redeem approximately $176 million in ARPS.
With operational costs growing and financial advisers in short supply, the demand for talent has put the value of young financial planners at a premium, according to industry guru Mark Tibergien.
Personal spending increased 0.8% in June, marking the steepest one-month gain since a 1% increase in February 1981.
Tax loss harvesting and defensive portfolios have been the way to go for financial advisers who rely on separately managed accounts — particularly during rocky equity markets.
Many advisers who have been involved in arbitration cases are welcoming a move to give investors the option of having all-public arbitration panels.
HSBC's net income for the first six months was down 29% at $7.7 billion, compared with $10.9 billion a year ago.
As fallout from the mortgage crisis leads to tighter restrictions on lending, some financial advisers are finding opportunities to fill a void for their clients by entering the lending business.
Merrill Lynch & Co. Inc's actions last week may well have marked the beginning of the end of the financial crisis that has gripped the economy for more than a year.
Adviser confidence in the economy and stock market dropped even further last month, according to Rydex AdvisorBenchmarking Inc.'s Advisor Confidence Index.
Jim Nagengast was named president of Securities America Inc., the broker-dealer unit of Securities America Financial Corp.
In another sign of a floundering economy, the unemployment rate vaulted to 5.7% in July.
In the past two years, 53% of registered investment advisers bought or considered buying another advisory firm.
The exchange posted a 21% increase in the second quarter but came in markedly below expectations.
