The SEC has filed an injunctive action against James G. Marquez, a principal of the failed Bayou Fund.
NYSE Euronext Inc. has selected Michael S. Geltzeiler to become the exchange operator’s chief financial officer and group executive vice president .
Despite rising energy costs, the Dow Jones Transportation Average has increased 19% since March, exceeding the 7.5% of the Dow Jones Industrial Average.
Goldman Sachs said it would likely sever its links with the Institute of International Finance in a dispute over accounting rules.
Former employees of Morgan Stanley and Janney Montgomery Scott LLC were indicted on kickbacks and fraud charges.
UBS AGwill raise more than $15.5 billion of capital by issuing sharply discounted shares in an attempt to recover from mortgage-related losses.
Home prices fell by a seasonally adjusted 1.7% in the first quarter, marking the largest quarterly decline on record.
Brinker Capital Inc. has surpassed the $10 billion mark in assets under management.
Proposals voted on at Citigroup, JPMorgan and Morgan Stanley that allow investors to weigh in on pay were not well received.
A Florida pension fund yesterday filed suit against AIG and four executives of making misleading statements about the company’s finances.
A Wells notice was sent to Maurice Greenberg, former chief executive of AIG, last Friday, The Wall Street Journal reported.
Concentrating on its existing 11,100 advisers is LPL's first priority, said executive William Dwyer III.
The Boston-based money manager posted net income of $53.2 million, or 43 cents per share.
The Securities and Exchange Commission is investigating Franklin Bank after an internal probe revealed accounting errors tied to residential real estate loans.
American International Group Inc.’s will raise $20 billion to guard against further write-downs, according to published reports.
The economy will probably avoid going into recession, said Marci Rossell, a former chief economist for CNBC Inc. television.
The producer price index edged up a weaker-than-expected 0.2% last month, reflecting reduced gasoline prices at the producer level.
When they started their partnership in 1990 at Morgan Stanley, brokers Gerald P. Kessler and Paul S. Baker probably never imagined that the dissolution of their book of business — $470 million in assets, producing an estimated $3 million a year in fees and commissions — would hinge on a coin toss.
The U.S. subprime meltdown will result in more-stringent banking regulations, according to former Sen. Paul Sarbanes.
Has anyone noticed that the financial advisory industry is shrinking?
