Displaying 28521 results
RBS & Co. bids for ABN
A group of banks led by the Royal Bank of Scotland Group has formally launched a $95.6 billion bid for ABN Amro Holding.
NPC’s new CEO aims to fill void in recruiting
Inheriting a depleted recruiting staff, the new head of National Planning Corp. immediately will focus on rebuilding that team. Last Monday, Santa Monica, Calif.-based NPC said that Scott Romine was replacing M. Shawn Dreffein as its CEO.
Big firms to D.C. Circuit: Give us a break, please
IRVINE, Calif. — The major sponsors of fee-based brokerage accounts claim they will need six months to a year to transition clients out of the accounts.
Advisers bristle at race-based assignments
Many advisers do not want to be assigned clients or territories based on their race, national origin or other personal traits — but they are comfortable with relationships that evolve naturally from those factors.
Ameriprise looks to lure talent from rivals
Ameriprise Financial Services Inc. says that it is finally ready to execute its long-discussed strategy to recruit registered representatives and advisers from rival firms.
Advisers often skirt compliance rules, survey finds
NEW YORK — Sick and tired of complying with an increasingly complex regulatory framework, many financial advisers knowingly sidestep their firms’ compliance policies and sometimes show little regard for rules and regulations, according to a new survey of advisers and other financial services professionals.
Merrill slashes sick days
Merrill Lynch & Co. has trimmed employees’ sick days from 40 to 10, according to an internal memo.
Merrill hedge fund boss branches out
Ben Weston, chief of hedge fund development at Merrill Lynch & Co. Inc., has left the company.
Eaton Vance IPO erodes 2Q profits
Eaton Vance Corp. reported a 42% fall in profits for thesecond quarter today.
Aon CFO to depart
Aon Corporation announced today that chief financial officer David P. Bolger will leave the Chicago-based insurance broker after the appointment of his successor.
Euronext profits down, revenues up
Euronext NV today reported a 4.4% profit loss during the first quarter, due to a reclassification of the company’s stake in LCH.Clearnet.
JPMorgan Chase debuts ADRs
JPMorgan Chase & Co. has launched 12 indexes comprising exchange-listed American Depositary Receipts and Global Depositary Receipts.
Merrill buys big stake in GSO hedge fund
Merrill Lynch & Co. Inc. is purchasing a 20% minority stake in a hedge fund with $8 billion in assets under management.
Merrill may reorganize in wake of departure
Merrill Lynch & Co. Inc. plans to reshuffle the leadership structure of its markets and investment banking operations, according to a Financial Times report.
BofA trims costly PMI; rivals may follow suit
Other banks may follow Bank of America Corp.’s decision this month to cut mortgage clients’ borrowing costs drastically, including waiving the requirement for private mortgage insurance, industry observers say.
Will modeling tools be next FPA target?
Now that the Financial Planning Association’s victory over fee-based brokerage accounts is cemented, some in the securities industry are wondering whether the group will take aim at other brokerage transactions that hinge upon a registered representative giving clients advice.
BofA sued for race bias
Bank of America Corp. has been sued for race discrimination by allegedly steering wealthy clients to white co-workers.
Ex-Goldman chairman ‘appalled’ at pay
John C. Whitehead said he is outraged by the excessive compensation given to Wall Street top execs.
BofA names new wealth team
Bank of America appoints Moynihan and Sevilla-Sacasa to head a wealth team that incorporates U.S. Trust Corp.
BoNY sued by Russia’s customs service
Russia's customs service is suing the Bank of New York for $22 billion over alleged misdeeds dating from the 1990s, according to Russian news agencies.
