John Hancock will pay $21.2 million to settle an investigation of the firm's failure to disclose revenue sharing schemes.
Wachovia Securities LLC may face challenges in retaining all the brokers it wants to, in the wake of its announced merger with A.G. Edwards Inc. of St. Louis.
Two powerful bank trade groups today announced plans for a merger.
PowerShares today launched four exchange traded funds based on the FTSE RAFI indexes.
Amaranth Advisors used a loophole to cloud the extend of its massive gas holdings, according to a Senate report.
Claymore Securities today announced the launch of Claymore/KLD Sudan Free Large-Cap Core ETF on the /MEX.
Bank of America said it lost about $450 million from the bankruptcy of Parmalat after relying on "fraudulent misrepresentations" made by the Italian dairy company.
A London hedge fund manager will go public by merging with New York's Freedom Acquisition Holdings.
The SEC is looking at possible problems involving revenue sharing payments made by funds of funds.
In an about-face, Schwab Institutional has reconciled with a former technology partner in an effort to upgrade its customer relationship management tool for financial advisers.
