The Bank of New York Mellon Corp. said it is acquiring the global investment-servicing business of The PNC Financial Services Group Inc.
Germany's biggest lender said record pretax profit at its corporate and investment bank unit along with improved revenues from selling and trading debt and equities, lifted its first-quarter results higher
Gryphon Holdings Inc.'s owner and four employees of the Staten Island, New York-based investment firm were charged with conspiracy to commit securities fraud and wire fraud in an alleged $17.5 million scheme.
After being blamed for failing to spot indicators leading to the latest recession, the Fed comes up with "an early warning system" to help detect problems before they reach crisis proportions.
An old stock market “saw” states, “Sell in May and go away,” emphasizing that the worst part of the year for stock performance is the months between May and November.
After rolling out with great fanfare its HybridOne brand for dually registered advisers in June 2008, Fidelity Institutional Wealth Services quietly has stopped marketing its service as a distinct offering.
After 53 years with Citigroup, the senior vice chairman steps down from his position to serve the company as a senior adviser.
Under pressure from financial advisers who want to act as fiduciaries in 401(k) plans, Fidelity Investments plans to institute level 12(b)-1 mutual fund fees paid to advisers who sell the firm's plans.
Post-recession, the numbers of millionaires climbed to nearly 8 million. That still trails the all-time high of 9.2 million reached in 2007
I am in the same camp as Federal Reserve Chairman Ben Bernanke. I know that the economic recovery is in full swing, because I've confirmed it with Mike, a deli owner around the corner from my office, John, a neighborhood restaurateur, Ammar, my cigar shop proprietor, and Gus, my family's shoe repairman.
If you can stomach a bit of initial volatility, now is a good time to start building a long-term allocation to gold.
Only about a quarter of respondents said they “strongly agree” or “agree” that the recession is over, and another quarter said the U.S. will remain in a prolonged economic downturn for the next two years
Although the U.S. economy seems to be recovering, albeit slowly, the Obama administration, members of Congress and many economists worry that small businesses aren't recovering as quickly as large ones.
Legislation allowing defined-contribution-plan participants to convert plan assets to an in-plan Roth account may be passed into law as soon as the end of next month.
Managers of target date funds are adding commodities to their portfolio mixes, but experts wonder whether the moves are substantive or just window dressing.
Fidelity Investments and Bank of America reported this week that conversions were way up over last year, while advisers at smaller outfits are also seeing an uptick in interest in Roth accounts
Brokerage firms are howling over a far-reaching proposal that would give Finra substantially more power.
Although they have spent much of the year cutting costs, many advisory firms are planning to give raises to their employees next year.
The Obama administration has found a banker it can do business with: Bank of America Corp.'s Brian Moynihan.
The commission claims Goldman failed to disclose that a client helped create — and then bet against — securities the firm sold to investors
