Baring Asset Management announced that Marino Valensise will assume the role of chief investment officer by the year's end.
Wedbush Morgan may land 100-plus reps from Brookstreet now that the son's founder has signed on with the firm.
Bank of America Corp. said it has completed its $3.3 billion purchase of U.S. Trust Corp. from Charles Schwab Corp.
Robert Rodriguez, CEO of First Pacific Advisors, wouldn’t touch high-yield bonds with “a 500- or a 1,000-foot pole.”
Commerce Bank N.A. of Cherry Hill, N.J. has announced the departure of chairman and CEO Vernon W. Hill.
AllianceBernstein’s chief investment officer warned today that investors must be prepared for lower returns in equities and bonds.
JPMorgan Chase & Co. plans to double its proprietary investments in Indian firms over the next six to 12 months.
HSBC Holdings has applied for a life insurance license with a Chinese partner and expects to begin operations in that country by 2008.
LaSalle Bank is cutting 100 more jobs than previously announced, but none of the additional reductions will come from the Chicago area.
Diana Cantor will be leaving her post as founding executive director of the Virginia College Savings Plan, the country's largest 529 program.
The economy contains some upcoming pitfalls for investors, said James Rothenberg, chairman and principal of Capital Research and Management Company.
The Security Benefit Group of Companies today announced it will acquire Rydex Investments.
Woodbury Financial Services, a top twenty independent-contractor broker-dealer, has promoted Walter White to president of the firm.
The EEOC has sued Merrill Lynch on behalf of an Iranian national who alleges that the bank discriminated against him.
The U.S. Supreme Court has agreed to hear a dispute on whether a tax code allows trusts to claim a full deduction for investment management fees.
National Penn Bancshares will acquire Christiana Bank & Trust Co. for about $56.5 million in stock and cash.
New York Life will launch a series of five target-date funds called the MainStay Retirement Funds.
An adviser to the Dutch high court said ABN Amro can sell LaSalle without shareholder approval.
New York Life Insurance Co. said on today that its COO, Theodore Mathas, would add president to his title as of July 1.
