Bank of America Corp., the biggest U.S. bank - and the financial stock hit harder than any other this year - said Warren Buffett's Berkshire Hathaway Inc. will invest $5 billion in the company. The news had shares of BofA up 20% in early morning trading.
Federal Reserve Chairman Ben S. Bernanke tomorrow may disappoint stock investors betting on a commitment to step up stimulus. He has little choice, given rising consumer prices and a U.S. economy that is still growing.
Warren E. Buffett's Berkshire Hathaway Inc. has increased its stake in Wells Fargo & Co. (WFC), building equity holdings amid a market decline that the billionaire investor said provided an opportunity for buying stocks “on sale”
Average net worth of white households at $113K; number closer to $6K for black households
The MDE Group Inc., a $1.3 billion institutional wealth management firm, is making an official expansion into the registered investment adviser business with the launch of Risk 3.0 Asset Management
Market volatility derails tie-ups; 'buyers and sellers backing off'
Deal gives smaller firm foot into university employee market
National consolidators, PE firms leading the charge; fourth quarter deals already hopping
Agency to begin collecting data on municipal bonds from MSRB; has authority to nix tax break
Draw your own conclusion, but high-profile RIA Edelman Financial is bailing on the indie-rep business. In explaining the move, co-founder Ric Edelman called the indie B-D channel 'severely flawed,' adding that many broker-dealers will have trouble surviving.<br><b>Extra</b> <a href=http://www.investmentnews.com/apps/pbcs.dll/gallery?Site=CI&Date=20110923&Category=FREE&ArtNo=923009998&Ref=PH>What top RIA execs make</a>
More Wall Street finance professionals expect bonuses to fall than rise over the next three years, according to an eFinancialCareers.com survey.
Fifth deal for form this year
A new poll shows that financial services insiders overwhelmingly support the Buffett Rule, which would require the wealthy to pay at least the same tax rate as middle-class earners | <b>Extra</b> <a href=http://www.investmentnews.com/apps/pbcs.dll/gallery?Site=CI&Date=20110923&Category=FREE&ArtNo=923009997&Ref=PH>What advisers need to know about Bam's tax plan</a>
EFG and Burns Advisory merge; 'scale in this business is key'
Among other things, NAPA to fight to keep tax breaks for retirement savings
Ten-year Treasuries up 28% this year as fed head has managed to keep consumer prices in check
Says banks probably no longer too big too fail; also lowers short-term rating on Citi
Oct. 17 may not be known officially as Mulligan Day, but affluent investors who converted their conventional IRA to a Roth last year may want to consider a “do-over” and re-characterize their account by the deadline date
$2B purchase of Topaz project could rekindle interest in sagging sector; tax credits an attraction
