Wachovia Securities LLC may face challenges in retaining all the brokers it wants to, in the wake of its announced merger with A.G. Edwards Inc. of St. Louis.
Claymore Securities today announced the launch of Claymore/KLD Sudan Free Large-Cap Core ETF on the /MEX.
A London hedge fund manager will go public by merging with New York's Freedom Acquisition Holdings.
Amaranth Advisors used a loophole to cloud the extend of its massive gas holdings, according to a Senate report.
PowerShares today launched four exchange traded funds based on the FTSE RAFI indexes.
Bank of America said it lost about $450 million from the bankruptcy of Parmalat after relying on "fraudulent misrepresentations" made by the Italian dairy company.
Two powerful bank trade groups today announced plans for a merger.
The SEC is looking at possible problems involving revenue sharing payments made by funds of funds.
More mutual fund companies soon will offer individual investors access to a strategy that is popular among institutional investors who are trying to outperform a benchmark.
Bank sales of variable annuities that invest in mutual funds continue to grow but are outpaced consistently by those of mutual funds. That’s a function of periodic adverse publicity combined with compliance hassles, observers say.
