MF Global took large bets on commodities, government debt, futures and derivatives, and did so with its own capital. Companies that risk their own money, or that of wealthy clients, should be allowed to fail.
Has hired six new external wholesalers, bringing its roster to 54, and it expects to have 60 by the end of the year.
Sources say bidders for Morgan Keegan substantially lowered their offers for the B-D following the bankruptcy of MF Global. How bad is it? The sale of the brokerage could fall through, the insiders say.
With extreme volatility, a global debt crisis and clouds of political uncertainty consuming the economic environment for the foreseeable future, the "New Normal" appears to be continuously re-defining itself.
Pimco's Bill Gross said the additional easing programs hinted at by Federal Reserve officials will push yields on longer-term Treasuries higher
Pacific Investment Management Co. says investors should buy Fannie Mae and Freddie Mac mortgage-backed securities that slumped in response to planned changes to the government-supported companies' refinancing rules.
White House seeks to limit interest income that can be sheltered; states, cities already lining up against proposal
The Treasury Department's Federal Insurance Office last week said that it is looking for public comments focusing specifically on systemic risk as part of a report on modernizing insurance regulations
Raymond James executives are taking steps to boost the profile of the firm's small custody unit, and they are hinting at bigger things to come
In what seems to be an about-face, wirehouses are embracing fixed indexed annuities, which offer investors a guaranteed-minimum return and the opportunity to partake in stock market gains
In this edition of 'Five Questions,' the boss of RNC Genter Capital Management talks dividends, gold, and P/E ratios
As sponsors of nontraded real estate investment trusts continue their full-court press on sales, some independent broker-dealers are dialing back their level of risk and have cut back, or are considering reducing, the number of REIT products they allow their representatives to sell
Financial advisers who think their millionaire clients would prefer sit-down meetings instead of e-mails or text messages may need to do a rethink.
Ten questions, ten answers from the iconic founder of the discount brokerage
United Capital Financial Advisers will acquire the assets of Peak Capital Investment Services – an advisory firm with $600 million in assets under management – executives revealed at the Schwab Impact Conference here in San Francisco today.
First, and most important, a large part of the late summer sell-off was precipitated by a growing belief that the United States and the global economy were about to enter another recession.
As Congress mulls new ways to increase revenue, the mortgage interest deduction on second homes is seen as a likely target for elimination
Comment by brokerage's CEO likely to tamp down rumors about E*Trade acquisition
Precious metal set to drop well below 1,600 within weeks, says chartist
Twenty-two of 25 people surveyed by Bloomberg expect the metal to rise next week, the highest proportion since mid-July.
