Close to 110 mergers and acquisitions completed; M&A discussions 'back on the front burner'
Charles Schwab Corp., the largest independent brokerage by client assets, reported third-quarter profit that met projections after it settled claims about misleading investors and revenue from trading declined.
Schwab's YieldPlus fund has generated plenty of negative publicity for the brokerage. Here's more: the company today agreed to pay $119M to settle SEC and Finra charges related to the ultra-short bond fund. In addition, two Schwab execs are now facing fraud charges related to the selling of the fund.
Up 13% after Citigroup analyst said insurer can withstand mortgage-related losses
It's a good time to sell a financial advisory business, especially if the owners have spent the past decade planning their exit.
A core principle of managing portfolios for tax efficiency is disciplined loss harvesting
Investment opportunities aplenty as Europe struggles with debt woes; 'clock is ticking'
Desai team jumps to private-wealth-management office in Chicago; first win after a couple of losses
Investors overly concerned about economic fine points, says noted adviser
Recruiter claims Kadden and others held meeting with bank execs; nature of discussion unknown
Private equity may be the last, best hope for Regions Financial Corp. in finding a buyer for Morgan Keegan & Co. Inc.
Aviva says a slew of charity-originated life insurance policies were touted as way to aid churches in poorer neighborhoods. But the carrier claims agents and third-party were the biggest beneficiaries
Critics say proposal will lead to less Federal assistance, and thus less financial aid; 'Johnny Jones isn't going to appreciate that'
Illinois stops accepting new participants due to gap in funding
College savings plans saw first negative outflows since the financial crisis; demographics, lousy economy cited
The Internal Revenue Service last month clarified that executors of estates who wish to take advantage of a new provision allowing a spouse to pass unused estate tax exclusions to a surviving spouse must file an estate tax return within nine months of the death of the husband or wife
Regions Financial Corp. is offering as much as $200 million to help finance the sale of its Morgan Keegan brokerage unit, said people with knowledge of the matter.
Most baby boomers, even those past retirement age, say they don't know much about Medicare, the federal health insurance plan for seniors. Their ignorance could end up costing them.
Almost one-third of U.S. employers are likely to stop providing health coverage for workers in 2014, when U.S. subsidies become available for people to buy individual policies.
