CYBERSCAM ARTISTS FIND CANVASES WORLDWIDE: INTERNET FRAUD AIMED AT MORE U.S. INVESTORS
European Union Bank billed itself as the “world’s first offshore bank on the Internet.” The three-year-old institution, incorporated…
LAGGING PANAGORA SHAKES UP INVESTMENT MANAGER TEAM: COMBINING DOMESTIC, FOREIGN UNITS INTO ONE GLOBAL DIVISION
Boston’s PanAgora Asset Management, one of the first and biggest companies to allocate its investments among different asset…
PIONEER AND ITS BOSS ARE ALL OVER THE PLACE: INVESTORS CRITICIZE BOTH FOR SPREADING SELVES THIN
Pioneer Group Inc. CEO John F. Cogan Jr. might be the busiest man in Boston. Not only does…
BESSEMER THINKS WASHINGTON AREA IS A CAPITAL PLACE FOR EXPANSION: INTERNET-RELATED WEALTH PUTS GLEAM IN EYE OF NEW YORK COMPANY’S PRIVATE BANKING UNIT
Bessemer Trust Co. is beefing up its private banking operations in the booming Washington, D.C., market. New York…
BRAIN DRAIN BATTERS SEC: RUMOR HAS IT EVEN BARBASH MAY JOIN DEFECTORS AS AGENCY FIGHTS EXODUS TO PRIVATE SECTOR
Now the top cop’s office is getting raided. As the bull market rages on, fattening the profits of…
NEW MFS LEADER FILLING BIG SHOES OF LONGTIME CHIEF: SALES GAINS MAY NOT HOIST MARKET SHARE
The new head of Massachusetts Financial Services must feel a bit like a nervous co-pilot who is handed…
PUTNAM SAYS IT’S ADDING BY SUBTRACTING
Putnam Investments’ dismissal last week of eight fixed-income portfolio managers is part of an ambitious strategy to reshape…
FIGHT OVER WHETHER TO FLAG MAJOR EVENTS TO INVESTORS: SEC PROPOSES, FUNDS OPPOSE
A Securities and Exchange Commission plan to require mutual funds to notify it of “significant events” is likely…
SEC SNIFFS AT MART COSTS: SUPERMARKETS UP AGAINST REGULATORS FOR FIRST TIME OVER 12(B)1 FEE DISCLOSURE
The Securities and Exchange Commission is taking a close look at the “shelf fees” fees charged by fund…
CONFERENCE CALL BARBASH WARNING: TITANIC WAS BIG, TOO
Using the ill-fated Titanic to illustrate the dangers of being too big, Barry P. Barbash, director of the…