Goldman Sachs Group Inc. fell to the lowest in more than a year in New York trading after reports that the Securities and Exchange Commission is probing the firm's $2 billion Hudson Mezzanine collateralized debt obligation.
The portfolios of the wealthy have almost recovered from the financial crisis, but that doesn't mean they trust their financial institutions anymore, BCG said today in a report.
The global millionaires' club expanded by about 14 percent in 2009 with Singapore leading the way, The Boston Consulting Group said.
Former Treasury Secretary Henry M. Paulson today said that last-minute authority given to the Treasury Department by Congress to save failing financial institutions probably averted another Great Depression.
Mark Singer, a former Smith Barney broker who's been accused of criminal fraud in connection with the handling of cemetery trust funds in the Midwest, is suing his former employer for $7 million in unpaid compensation, plus legal costs.
The Securities and Exchange Commission proposed, on a 5-0 vote, requiring exchanges to keep records of trading orders from start to routing to execution
The securities industry will receive proposals this week to improve record-keeping in the stock market and coordinate rules on erroneous trades, two concerns that were highlighted by the May 6 selloff.
Citi Private Bank announced today that it's hired yet another executive from U.S. Trust, the wealth management arm of Bank of America Corp.
The old investment adage “selling in May and going away” still makes a lot of sense, according to an analysis of market history.
New York City job losses in the Great Recession were far fewer than economists' dire predictions, and Wall Street profits last year soared to record levels on the back of near-zero interest rates and federal bailouts.
Morgan Stanley said it hired Adam Parker from Sanford C. Bernstein & Co. as U.S. equity strategist.
Who are the largest RIAs? And which firms grew the most in the last quarter? This RIA rundown outlines the movers and shakers in the advisory industry.
The Dow Jones industrials climbed back above 10,000 Wednesday after Federal Reserve Chairman Ben Bernanke said debt problems in Europe might only amount to a "modest" drag on the U.S. economy.
Declining share volume and strategies by fund managers to hold down the cost of buying and selling stock may lower Wall Street trading commissions in 2010, defying forecasts for an increase, Greenwich Associates said.
The reforms to money market funds that took effect last month aren't enough to address the problems associated with these investments, a Neuberger Berman executive said today.
When Capitol Hill negotiations on landmark financial-regulatory-reform legislation begin in earnest this week, proponents of putting a universal fiduciary standard in the final bill must overcome a head start that backers of a weaker provision have gained.
Note to independent advisers: It's time to measure yourselves against a bigger stick.
It takes about four months and about $50,000 to get a fund to market
Hired guns include Richard Gephardt, Harold Ford Jr., and a onetime SEC commissioner; lobbying budget doubled
