Swiss bank Credit Suisse Group reported net profit of 2.4 billion Swiss francs ($2.4 billion) for the third quarter, helped by strong returns on financial market trading and investment banking.
Discover Financial Services said on Friday that it paid Morgan Stanley $775 million to settle a dispute over the proceeds from an antitrust lawsuit filed before Morgan Stanley spun off Discover in 2007.
The Charles Schwab Corp. has begun calling clients of some registered investment advisers to verify that they have authorized wire transfers of funds from accounts held in custody at the broker-dealer.
A severe snowstorm has forced the federal government to do something it seldom does — postpone release of several monthly economic reports.
Securities America Inc. was tagged last month with a lawsuit from Massachusetts regulators alleging that the firm misled investors who were sold high-risk private placements.
Two mutual fund acquisitions were announced today, one involving a fund group with $6 billion in assets that has changed hands several times over the last few years.
Jeffrey Gundlach said his “inappropriate termination” by TCW Asset Management will simply give him and his mortgage-backed securities team an opportunity to create an even stronger investment organization to serve investors
A Securities America adviser named last week in a class action said he had no way of knowing that securities he sold would later blow up.
The catastrophe bond market is poised for an active fourth quarter as several factors combine to boost the insurance-linked-securities sector, according to experts and observers
Aon Corp.said today its first-quarter profit jumped 28% as the insurance broker was able to slash costs, more than offsetting a slight decline in revenue.
To manage the latest bout of market volatility, consider an option collar strategy. Option-phobic advisers take heart: There is no need to embark on a wild ride or trade all day long.
As of right now, good economic news -- particularly on the job front -- outweighs the bad.
In strikingly unenthusiastic fashion, federal Judge Jed Rakoff signed off on the Securities and Exchange Commission's plan to fine Bank of America $150 million after failing to tell shareholders of about $16 billion in impending losses at Merrill Lynch.
Bond ETFs are gaining a substantial following among portfolio managers and investors.
Few Small Firms are Able to Sell Themselves to Big Firm Advisors
Bank of America Corp., the nation's largest lender, spent $1.18 million in the fourth quarter to lobby the federal government on issues such as executive compensation, credit cards and mortgage lending practices, according to a recent disclosure report.
