Morgan Stanley Smith Barney will let its nearly 18,000 financial advisers market themselves and share ideas with clients through LinkedIn and Twitter, which will allow for a 'a significant competitive advantage' according to one top exec.
Morgan Stanley has moved Sara Furber to lead a group that refers clients to its investment banking, retail brokerage and asset management divisions.
The tax-exemption provided to investors in U.S. state and local government bonds faces a fresh challenge in Congress, where two senators are pushing a bill that would roll back the subsidy.
The trustee liquidating Bernard L. Madoff's defunct investment firm asked a judge to pay him and his law firm $43.2 million for four months' work, bringing total fees sought in the case to $175.5 million since Madoff's arrest.
Davies latest in a series of of top execs who've left the financial firm since CEO change in 2008
Guy de Chimay, who pleaded guilty to running what prosecutors called a $7 million Ponzi scheme that he promoted by claiming his company was linked to Belgian royalty, was sentenced to three to nine years in prison.
The commodities rout that knocked off $99 billion of market value last week is driving out speculators and leading Goldman Sachs Group Inc., which forecast the plunge, to predict a possible recovery.
Barclays Plc, which bought Lehman Brothers Holdings Inc.'s North American business, will get $1.1 billion in trading assets from the trustee liquidating the remnants of Lehman's brokerage, the trustee's lawyer said.
Ameriprise Financial Inc., two of its Securities America units and a group of investors who sued them asked a U.S. judge to approve a proposed $80 million cash settlement.
