CIO certain another round of quantitative easing is in the cards; likes junk bonds
Junk bonds are becoming more attractive compared with stocks as relative yields on the debt soar to a two-year high and a U.S. recession becomes likelier, according to JPMorgan Chase & Co.
Money managers cite bank's low P/e ratio, high cash reserves; 'it's been too cheap for a long time'
New wealth management firm recruiting from big firms; 'lot of unhappy people there'
A warning this month from Finra could reignite concerns about the use of senior designations
Morgan Keegan, the brokerage being sold to Raymond James Financial Corp., lost its bid to be dismissed from an $8 billion lawsuit brought by Canadian insurer Fairfax Financial Holdings Ltd.
Finra claims there's something rotten going on with the way David Lerner Associates has been marketing its popular Apple REITs. Now, the regulator is going after Lerner himself.
Firm to buy Genworth sub in second major deal in a month; insurer selling off noncore businesses
Broker-dealer powerhouse LPL on Wednesday announced it's rejiggering its top brass. The main move: firm veteran Esther Stearns is being moved out to head a new subsidiary.
No idea about tax benefits of the accounts, or maximum contributions
Equities markets might be closed tomorrow for Good Friday, but that doesn't mean some traders wont be at work waiting for tomorrow's jobs report.
Demand for alternative investments is on the rise, with clients eager to funnel money into real estate, private placements and hedge funds. But with nagging custody issues, plus regulatory warnings, few advisers can meet the growing number of requests.
UBS AG, Switzerland's biggest lender, said Robert J. McCann, the head of wealth management Americas, was the highest-paid member of the executive board in 2011, receiving total compensation of 9.18 million Swiss francs ($9.9 million).
Teams rejoin former colleagues McCann, Mulholland; UBS bosses 'seen as regular guys'
