A Florida lawyer charged in a $1.2 billion fraud apparently heeded the American Express slogan "Don't leave home without it."
Investors claiming they were fleeced by a high-profile South Florida attorney filed a $100 million lawsuit Friday contending that the lawyer orchestrated a massive Ponzi scheme with the help of a Canadian bank's U.S. subsidiary and several accomplices.
The former chief executive officer of UBS AG's wealth-management unit in the U.K., didn't heed warning signs that risk controls in the division were ineffective before an unauthorized trading loss was discovered.
UBS's wealth management operation, with Robert McCann at the helm, has been the lone bright spot for the Swiss bank in 2011. That revival continued yesterday, as the unit landed two more big advisory teams from rivals.<br> <b>Extra</b> <a href=http://www.investmentnews.com/apps/pbcs.dll/gallery?Site=CI&Date=20111220&Category=FREE&ArtNo=122009999&Ref=PH>The 10 biggest stories of the year &raquo;</a>
Arbitration award was based on wrongful sale of VAs and variable life insurance to elderly man and his late wife; judge refuses to vacate the payment
Fund firm boss sees up to 50% chance U.S. will slide into recession
The global economy risks lapsing into recession, with the pace of growth falling below the “new normal” level that the firm has predicted since 2009, according to Bill Gross, manager of Pimco's Total Return Fund, the world's biggest bond fund
2011 has been an awfully eventful year for advisers and reps -- some good, some bad. But what were <i>the</i> biggest stories of the year? Here are our top ten picks, including a No.1 that might surprise.
Thank you, Judge Jed Rakoff, for insisting that the SEC and big financial services firms come clean with the facts surrounding their legal battles before asking courts to sign off on a settlement.
Rainey sees big gains to be made off market gyrations, overreactions
Named CEO of Swiss bank's Americas unit; wealth management side gaining clout
The former chief executive officer of UBS AG's wealth-management unit in the U.K., said he was “confused” by the British finance regulator's attempt to fine him for failing to prevent unauthorized trading.
The biggest bond gains in almost a decade have pushed returns on Treasuries above stocks over the past 30 years, the first time that's happened since before the Civil War.
An economic slowdown remains the No. 1 risk facing businesses, according to Aon Corp.'s biennial Global Risk Management Survey of global risk managers and chief financial officers
It's been a long road, but Regions Financial has finally found a buyer for its brokerage unit. Raymond James will purchase the B-D for -- get this -- $930 million in cash and a $250 million dividend.
Sun Life's recent exit from the variable annuity business is just the latest sign that carriers aren't thrilled by the risks such long-term investments carry. With several insurers backing out of the business, and others reining in benefits and raising prices, 2011 may go down as the year of the vanishing VA | <b>Extra</b> <a href=http://www.investmentnews.com/apps/pbcs.dll/gallery?Site=CI&Date=20110912&Category=FREE&ArtNo=912009999&Ref=PH?>Advisers favorite VA providers &raquo;</a>
Placement agencies can't keep up with demand; new clients 'sitting on piles of money'
Thirty-year fixed back to 4%; move away from Treasuries could hike rates further
<i>*The MSSB Global Investment Committee includes: Chief Investment Officer, David M. Darst;Chief Investment Strategist, Kevin Flanagan; Chief Fixed Income Strategist Jonathan Mackay; Senior Fixed Income Strategist, Charles Reinhard; Deputy Chief Investment Officer, Douglas Schindewolf, Director of Asset Allocation.</i>
The Labor Department has finalized a rule aimed at deterring financial advisers from receiving additional compensation based on the funds they choose for retirement plans
