It's hard to suss out what happened with the rigging of Libor -- or estimate eventual monetary damages, if any, to U.S. banks being probed by regulators. But one attorney says the scandal may be the 'mother lode' of civil litigation. As for reputational damage to the banks' wirehouses? The sky's the limit.
Variable annuities aren't the great deal they used to be, what with insurers pulling back on generous benefits and offering to exchange onerous payouts for a bump up in account values. But now, an SEC official has fired off a warning shot about such practices
Will require that brokers perform reasonable due diligence to understand the nature of the recommended strategy or securities product and whether it's suitable
Election could be big loss for those with capital gains
Ranked by number of B-D clients
Russell Wasendorf Sr. faces up to 50 years for part in commodity brokerage's collapse
JPMorgan Chase & Co. (JPM), the largest U.S. bank, reported a $4.4 billion trading loss in its chief investment office, bigger than analysts estimated, that helped drive second-quarter profit down 9 percent.
Small Attain Capital struggles to cope with shocking news about Peregrine Financial Group
Small Attain Capital struggles to cope with the shocking news coming out of Cedar Falls, Iowa (pictured). Says one executive: 'We have a lot of anger and frustration about this.'
President promises to shoot down bill extending Bush era tax cuts for wealthy; does not augur well for HNW clients
Few make enough money to be hit by 3.8% surcharge; did insurers cry wolf?
