PHILADELPHIA — In a further sign of how exchange traded products are chasing more exotic strategies, Barclays Bank PLC of London has unveiled an exchange traded note that provides investors with exposure to a covered-call-writing strategy.
BOSTON — Thanks to a banner year on Wall Street, the 2006 bonus increase for employees at The Vanguard Group Inc. could be the biggest in more than a decade.
CHICAGO — To add reserves to their retirement nest egg, more elderly people are considering the sale of existing life insurance policies, financial advisers say.
IRVINE, Calif. — NASD has dropped a controversial proposal to revamp its branch office definitions.
OTTAWA — The House of Commons Finance Committee has voted down a measure that would have provided for a 10-year delay in taxing companies with an income trust structure.
NEW YORK — Companies that provide training and manufacture software aimed at investment advisers expect to cash in on the recent demise of the broker-dealer exemption rule.
PHILADELPHIA — With help from Barclays Global Investors, a California 401(k) record keeper has created a new platform intended to break the mutual fund stranglehold on the 401(k) market.
Two hedge funds have sent a second letter to TD Ameritrade, challenging the company’s refusal to merge.
One of AIG's subprime units settled with the Office of Thrift Supervision over inappropriate loans to some borrowers and excessive fees.
Wachovia Corp. is putting the finishing touches on its retention package for brokers with A.G. Edwards.
