Borrowers are turning to other providers, but don’t expect banks to die out any time soon, the Fed chief said today.
Columbia Acorn has increased the minimum initial investment for Columbia Acorn Select accounts from $50,000 to $100,000.
Brokers at A.G. Edwards and Wachovia Securities got details of their retention packages today.
Taxing some private equity firms as corporations could result in the funds themselves being taxed the same way.
Morgan Stanley is looking at investing in between two and three fund-management companies in China, according to MarketWatch.
Lehman Brothers Holdings Inc. said that it has raised $1.5 billion for its new Lehman Crossroads Fund XVIII fund-of-funds.
Barclays Global Investors of San Francisco has launched the iShares Dow Jones EPAC Select Dividend Index ETF on NYSE Arca today.
Marsico Capital Management founder and chief executive Thomas F. Marsico has agreed to buy back management firm from Bank of America.
To rev up its top reps and advisers, Raymond James is giving bonuses to its biggest-producing brokers.
Surging energy prices pushed the producer price index up 0.9% in May, according to the Department of Labor.
