By any standard, it was a big loss. A Finra panel on Wednesday not only ordered the brokerage to pay two ex-workers $5.2M in back pay, but tacked on a $5M punitive charge. Now, Merrill is striking back. In a court petition seeking to overturn the ruling, the brokerage claims a panel member has it in for the firm.
Global markets fell last week on news that manufacturing in Europe and China contracted and sales of new U.S. homes fell in February.
Corporate profits to push shares prices higher by at least 8%, says money manager; 'companies are still in business'
New calculator provides instant primer on the dangers of dithering; inertia the enemy
Bank wouldn't undertake centralization of investment, research functions if Americas unit were on the block, consultant surmises
Lawmakers who were elected on anti-Wall Street sentiment taking donations from Wall Street giants
GOP garners enough votes to block Administration's proposal; 'not exactly a grand idea'
A lawsuit filed by Igor Olenicoff, who blamed UBS for his failure to disclose about $200M in offshore accounts, has been dismissed
Property magnate Olenicoff claims bank never told him he had to render unto IRS on offshore accounts; 'no one's fault but his own'
Representatives of big business and big labor, academics and consumer advocates, and key leaders gathered to discuss a dirty little secret: America's retirement system is broken.
Funds look to coin it off rising interest in alternative investments, surge in prices of collectibles
