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Americans feeling fiscally fit, survey says
Despite careening markets, Americans felt more confident about their financial security.
Lehman gives $10 million to Spelman
Lehman has pledged $10 million to Spelman College to prepare black women for careers in the financial sector.
Capital flows fell $163 billion in August
The figure includes the change in banks' dollar-denominated liabilities, which comprised most of the loss.
Merrill appoints Boston wealth chief
Cory Little will head the private banking and investment unit in Boston's global wealth management group.
CFO’s job not in peril, says Merrill
Merrill Lynch is stoutly denying that its finance chief, Jeffrey Edwards, will get the boot.
LPL names head of affiliated B-Ds
LPL has plucked Derek Bruton from a custodian that caters to RIAs to oversee its network of affiliated B-Ds.
‘Full recovery’ a ways off, says Bernanke
Market uncertainty remains unusually high as a result of subprime-mortgage turmoil, the Fed chief said last night.
Top-producing rep under scrutiny by Michigan regulator
One of the nation's top-producing independent brokers is under investigation by Michigan securities regulators.
Schwab to roll out benefits package for advisers
In an effort to get more wirehouse brokers to break away and become independent registered investment advisers, Schwab Institutional plans to roll out today an all-in-one benefits and payroll package designed for the newly independent RIA.
‘Terror-free’ investing draws public pension plans
Across the country, states are considering plans to apply "terror-free" investing strategies to their public pensions.
Three Americans win economic Nobel
They were selected “for having laid the foundations of mechanism design theory.”
A.G. Edwards exodus spurs new suit
A.G. Edwards & Sons Inc. has sued more brokers who left the firm in the wake of its recent merger with Wachovia Securities LLC.
Consumers spend despite price boosts
Rising energy costs bumped overall producer prices up 1.1% during, but consumers were happy to open their wallets.
Richest get even richer
The wealthiest Americans took a record slice of the income pie in 2005, according to an IRS report.
Nebraska insurance director dies
Nebraska insurance director L.Tim Wagner died on Tuesday, according to the National Association of Insurance Commissioners.
Michigan rep probed by regulators
One of the nation's top producing registered reps is under investigation by Michigan securities regulators.
Indies growing, but wirehouses have assets
The number of brokers at independent dealers will catch up to the number of wirehouses in three years.
No help for plans from PPA, says study
The PPA has not increased the security of defined-benefit pension plans, the Pension Benefit Guaranty Corp. said.
Wholesale inventories remain flabby
U.S. wholesalers' inventories increased at a slower-than-expected rate in August, as demand for goods increased.
Vanguard adds pool to charitable program
The Select Multi-Asset Pool is actively managed and invests in a broader range of asset classes than the program’s other pools.
