Attention, registered investment advisers who keep assets at Bear Stearns: The big custodians are out to bag you.
The bank reported a 72% increase, led by gains from lending to investors and last year’s $18.3 billion merger with Mellon Financial.
The regulator wants to delay a rule that governs the review of deferred variable annuity sales.
Citigroup reported a loss of $5.1 billion, or $1.02 per share, for the first quarter, its second consecutive quarterly loss.
At Omaha, Neb.-based TD Ameritrade Holding Corp., first-quarter profits were up 35% to $187 million.
Confusing information used by financial services firms is leading many Americans to make investing mistakes.
A bill would create a federal office inside the Treasury to provide expertise on regulating the insurance industry.
The Conference Board's index of leading indicators perked up 0.1% in March, following five consecutive declines.
U.S. housing starts totaled 947,000 last month, representing a 36.5% drop from March 2007.
Consumer prices rose by 0.3% in March, led by rising costs in energy, food and transportation.
The U.S. dollar fell to a record low against the euro today, depreciating 1.1% to $1.5965.
JPMorgan, Wells Fargo, BlackRock and Knight showed first-quarter profits, while Piper Jaffray swung to a loss.
Before JPMorgan stepped in to buy Bear Stearns at a bargain basement price in March, the firm was already flailing.
State Street posted a 69% increase in profit for the first quarter, helped by $600 billion in new assets.
Joseph P. Brandon, chairman and chief executive of General Re Corp., left his post following a rocky court case.
The increase in the producer price index was the largest increase since the it rose 2.6% in November 2007.
Screening companies for their ties to countries deemed sponsors of terror is a concept that seems to intrigue investors.
Both GunnAllen Financial Inc. and a former top executive are claiming victory after a lengthy arbitration battle that focused on whether the independent broker- dealer had the right to fire David McCoy, its former chief operating officer and national sales director, who was dismissed in 2005.
The Iowa Legislature has approved a bill to ban stranger-originated life insurance practices.
"Rep-as-adviser" programs are gaining interest among brokerage firms as an alternative to the banned fee-based brokerage accounts, according to a report by Cerulli Associates Inc.
