With retail investors exiting municipal bonds for the past six months because of sharply rising interest rates and much-publicized default fears, the asset class now represents an island of high-quality value in a sea of relatively expensive fixed-income options
Berkshire Hathaway Inc.'s Gregory Abel, considered a candidate to succeed Chief Executive Officer Warren Buffett, got a promotion and the prospect of greater visibility with the resignation of his mentor, David Sokol.
Bill Gross, who runs the world's biggest bond fund at Pacific Investment Management Co., said Treasuries “have little value” because of the growing U.S. debt burden.
Warren E. Buffett probably will hang on to his aversion to electronics makers such as Apple Inc. (AAPL) because its business prospects are harder to predict than companies such as Coca-Cola Co. (KO)
Female retirement plan participants appear to display a greater inclination to place assets in target date funds than in target risk funds
MF Global boss received no favoritism, regulator's CEO says; decision 'never bubbled up' to senior management
Allegations of document destruction is latest in long list of complaints about Commission
Employment status debate resurfaces in California, a labor-law bellwether. More good news? B-Ds may be a very tempting target for cash-strapped states
These seven states have the lousiest credit ratings. Muni investors, beware.
After five years, financial advisory firms move from the startup stage to adolescence, where they are faced with decisions that could affect their business for the next 20 years.
Limiting the size of their practices allows them to devote more time to clients
Who'd a thunk it? Life insurers, now cash-rich, have rebounded nicely from the financial crisis. But their shares are still cheap compared with those of banks, analysts say.
Assets of the 500 biggest managers of U.S. institutional tax-exempt money jumped 11.2% in 2010, just half a percentage point off the pace of the prior year's rebound from the global financial crisis, according to sister publication Pensions & Investments' latest annual money manager survey.
Small B-D in Georgia ceases operations; sold $215K of preferred stock in Provident private placement
Whether Sallie Krawcheck's (pictured) Merrill Lynch brokers and Bank of America bankers can live happily ever after — and produce greater profits as a result of their marriage — is being put to the test at the nation's largest financial institution
Global wealth boss said company lost 35 reps to independent B-Ds last year, but picked up 25
Executives at illiquid-asset exchange SecondMarket Inc. want traditional money managers to use their company
An ex-Lehman Brothers Holdings Inc. brokerage executive took his fight for $19.6 million in bonuses to a higher court after a bankruptcy judge said Barclays Plc didn't agree to be bound by his Lehman contract when it bought the brokerage.
JPMorgan Chase & Co. will settle claims against it brought by Lehman Brothers Holdings Inc.'s brokerage by returning $800 million in cash and securities, according to court papers.
