AllianceBernstein’s chief investment officer warned today that investors must be prepared for lower returns in equities and bonds.
JPMorgan Chase & Co. plans to double its proprietary investments in Indian firms over the next six to 12 months.
Diana Cantor will be leaving her post as founding executive director of the Virginia College Savings Plan, the country's largest 529 program.
HSBC Holdings has applied for a life insurance license with a Chinese partner and expects to begin operations in that country by 2008.
The economy contains some upcoming pitfalls for investors, said James Rothenberg, chairman and principal of Capital Research and Management Company.
LaSalle Bank is cutting 100 more jobs than previously announced, but none of the additional reductions will come from the Chicago area.
The Security Benefit Group of Companies today announced it will acquire Rydex Investments.
The EEOC has sued Merrill Lynch on behalf of an Iranian national who alleges that the bank discriminated against him.
Woodbury Financial Services, a top twenty independent-contractor broker-dealer, has promoted Walter White to president of the firm.
The U.S. Supreme Court has agreed to hear a dispute on whether a tax code allows trusts to claim a full deduction for investment management fees.
National Penn Bancshares will acquire Christiana Bank & Trust Co. for about $56.5 million in stock and cash.
An adviser to the Dutch high court said ABN Amro can sell LaSalle without shareholder approval.
AXA Equitable Life Insurance Co. has named Kenneth T. Kozlowski vice president of its Funds Management group.
John Hancock will pay $21.2 million to settle an investigation of the firm's failure to disclose revenue sharing schemes.
New York Life will launch a series of five target-date funds called the MainStay Retirement Funds.
New York Life Insurance Co. said on today that its COO, Theodore Mathas, would add president to his title as of July 1.
Looking toward an initial public offering, Kohlberg Kravis Roberts is seeking a securities broker-dealer license, TheDeal.com said.
Wachovia Securities LLC may face challenges in retaining all the brokers it wants to, in the wake of its announced merger with A.G. Edwards Inc. of St. Louis.
Bank of America said it lost about $450 million from the bankruptcy of Parmalat after relying on "fraudulent misrepresentations" made by the Italian dairy company.
Two powerful bank trade groups today announced plans for a merger.
