Bill Gross, who runs the world's biggest bond fund at Pacific Investment Management Co., said gains in so-called headline inflation matter more for the U.S. economy than Federal Reserve Chairman Ben S. Bernanke suggests.
The Securities and Exchange Commission recently began a "sweep" of investment advisory firms to gather information about their use of social media. (Read: <a href=http://www.investmentnews.com/article/20110214/FREE/110219962>'SEC said to 'sweep' advisory firms'.)</a>
Assets to the RIA channel have more than tripled over the last ten years, a trend that is 'redefining the way investment advice is delivered'
Bill Gross, who runs the world's biggest bond fund at Pacific Investment Management Co., reduced its holdings of government related debt to the lowest level since January 2009 while saying low yields cheat investors.
Wells Fargo & Co. may expand by taking over non-bank companies, including wealth-management or insurance businesses, chief executive officer John Stumpf said.
According to a <a href=http://online.wsj.com/article/BT-CO-20110307-711582.html>report this afternoon from Dow Jones, executives at Morgan Stanley are weighing a name change at the industry's largest retail brokerage operation.
The spread of political turmoil to Libya will add “stagflationary winds” to the global economy, according to Mohamed El-Erian, chief executive officer at Pacific Investment Management Co.
Wilmington Trust Co., the Delaware bank founded by the du Pont family and being bought by M&T Bank Corp., sued three former company vice presidents who defected to Citigroup Inc., allegedly with proprietary data.
Sallie Krawcheck, head of Bank of America Corp.'s wealth management division, sternly told Merrill Lynch financial advisers that a new “garden leave” policy doesn't apply to them, despite recent speculation
