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National Financial may lose on Merrill-BofA deal
While pundits and industry insiders laud the acquisition of New York-based Merrill Lynch & Co. Inc. by Bank of America Corp. of Charlotte, N.C., there might be fallout few have thought about.
Fidelity to buyback $300M ARS in settlement
Fidelity Investments has reached a settlement with New York and Massachusetts to buy back $300 million of auction rate securities.
Fidelity reshuffles portfolio managers
Fidelity Investments of Boston this week named Lawrence Rakers as portfolio manager of the $9.5 billion Fidelity Dividend Growth Fund (FDGFX) and $2.9 billion Fidelity Advisor Dividend Growth Fund (FDGIX), replacing Charles Mangum.
Fidelity plumps up PracticePerks
Fidelity Investments of Boston has expanded its practice management program, PracticePerks, by adding 75 products and service providers.
Cuomo eyes cozy ARS link between firms
Attorney General Andrew Cuomo is investigating how a close business relationship between Fidelity Investments and Goldman Sachs affected auction rate securities transactions.
Galvin leans on Fidelity to buy back ARS
The Massachusetts secretary of state is urging Fidelity to buy back auction rate securities it sold to customers.
Fidelity exec exits
Patrick Goepel, president of Boston-based Fidelity Human Resources Services, has left to pursue other interests.
Fidelity names former Morgan exec CIO
Fidelity Investments of Boston today named Daniel Petrozzo chief information officer.
Fidelity leads pack in IRA assets
Fidelity's IRA market share is about 13.7% as of the fourth quarter of 2007, up from 12.7%, the previous year, according to Cerulli.
Fidelity names head of asset management
Michael E. Wilens, a senior executive at Thomason Reuters, is joining the firm in the newly created position of head of asset management.
Fidelity sued for Ultra-Short Bond Fund
A lawsuit claims the firm failed to inform investors adequately about the risk being taken with its Ultra-Short Bond Fund.
Fidelity announces extent of layoffs
Fidelity Investments laid off 550 workers this week, largely from its personal and workplace investing unit and human resource services unit.
Fidelity lays off workers stateside, abroad
The firm laid off an undisclosed number of workers this week, many from its personal and workplace investing unit.
Fidelity names institutional wealth exec
Ronald P. Fiske Jr. is now executive VP of product development and management for its institutional wealth unit.
Fidelity lays off workers stateside, abroad
The firm laid off an undisclosed number of workers this week, many from its personal and workplace investing unit.
Fidelity names institutional wealth exec
Ronald P. Fiske Jr. is now executive VP of product development and management for its institutional wealth unit.
Fidelity hires for Chinese unit
Fidelity International Ltd. of Tonbridge, U.K., has made some hires to its Chinese arm in an effort to augment business in the region.
Fidelity takes aim at dual registrants
Fidelity Investments is about to unveil a program intended for brokers who are also investment advisers.
Ex-trader made illegal trades, SEC says
A former Fidelity trader and an ex-employee of a B-D are charged with defrauding Fidelity and investors by making illegal trades.
Fidelity technology executive to retire
Jeff Neufeld, a senior technology executive at Fidelity Investments, has announced plans to retire.
