Commodity investments are heading for record outflows driven by withdrawals from gold exchange-traded funds as some investors lose faith in the traditional store of value, according to Barclays PLC.
UBS AG, the world's largest wealth manager, said clients are shifting money to be managed directly by the bank or pay for advice in a reversal of previous outflows after it revamped services to boost profitability.
Investors are dumping gold-backed exchange-traded products at the fastest pace since the securities were created a decade ago
Bank of New York Mellon Corp. plans to sell Manhattan's 1 Wall St., the Art Deco skyscraper that serves as its corporate headquarters, and has hired brokers to find a smaller amount of space to lease elsewhere.
ING U.S. Inc. will begin selling fixed annuities through Allstate Corp. agencies as the largest publicly traded U.S. auto and home insurer ceases to offer its own brand of the retirement products.
Oppenheimer Holdings Inc. head municipal bond trader David Sirianni was fined $100,000 and suspended for 60 days by the Financial Industry Regulatory Authority Inc. for overcharging customers.
From tech systems advisory firms plan to replace to what social networks indie brokers say they use the most, here are five big technology trends impacting independent broker-dealers.
Julius Baer Group Ltd. takes over Merrill Lynch businesses and reiterates a target for adding assets it agreed to acquire from Bank of America Corp. last year.
“The big question is less the next 12 months and more what happens thereafter because the road we're on right now is being sustained by experimental, untested policies,” El-Erian said.
