Wachovia Corp. is putting the finishing touches on its retention package for brokers with A.G. Edwards.
One of AIG's subprime units settled with the Office of Thrift Supervision over inappropriate loans to some borrowers and excessive fees.
Two hedge funds have sent a second letter to TD Ameritrade, challenging the company’s refusal to merge.
A Massachusetts man and his company have been charged with operating as an unregistered broker-dealer and soliciting investors for companies he represented.
Citigroup Inc. agreed to pay $15.2 million to settle claims with NASD that its brokers misled employees of BellSouth Corp.
Morgan Stanley’s board of directors has approved the spin-off of Discover Financial Services.
MetLife Inc.'s Investors Group has promoted Elizabeth M. Forget to senior vice president, the insurer said today.
Two hedge funds are pressuring TD Ameritrade to sell out to E*TRADE or Schwab, according to press reports.
Prudential Financial today announced that it would close its equity research and trading business, with a loss of some 420 jobs.
Jesper Koll, an economist for Merrill Lynch based in Japan, has resigned from his post, published reports said.
Wealthy investors who use registered investment advisers are only indexing 3.8% of their marketable securities.
Scot Warren was appointed managing director for equity indexes at the Chicago Mercantile Exchange, according to a statement from the exchange.
Bear Stearns has joined with a group of Saudi Arabian executives to provide investment products that comply with Islamic law.
Great-West Life bought Boston-based Putnam Investments to obtain "instant recognition" in the U.S. market.
Faced with intense competition for financial advisers and growing transition costs, an increasing number of independent-contractor broker-dealers over the past year have boosted the amount of money they give to representatives and advisers to switch firms.
The fear of mergers-and-acquisition agreements’ going sour increasingly is being eased by insurance, according to industry experts.
Bracing for change, registered representatives at A.G. Edwards & Sons Inc. last week met the news that they are being acquired by Wachovia Corp. with a range of opinions.
Edward C. “Ned” Johnson III has given the adviser services business at Fidelity Investments approval to loosen temporarily constraints on its profit margins in a bid to gain market share among advisers.
The son of former National Enquirer owner Generoso Pope Jr. is fighting his mother in a battle that has all of the makings of a story that the elder Mr. Pope might have splashed over the cover of his lurid supermarket tabloid.
OTTAWA — A funny thing happened on the way to a “hollowed out” corporate Canada. Instead of foreigners’ taking over Canadian companies and moving top jobs and decision making offshore (InvestmentNews, March 26), Canadian companies are acquiring foreign companies in record numbers.
