Wells Fargo & Co. says its third-quarter profit nearly doubled from a year ago although it joins other big U.S. banks in reporting higher loan losses.
The struggling online brokerage and bank looks to raise capital to pull itself out from under mortgage-related loan losses.
Although five exchanges will soon vie to clear credit default swap trades in Europe and the United States, the number is likely to dwindle to one on each side of the Atlantic in the next couple of years, according to analysts and industry participants.
CEO said he's leaving as a result of strategic differences with the parent company
World stock markets fell Wednesday amid ongoing worries about sovereign credit risks and ahead of a key budgetary policy statement from the British government.
Dubai's main stock exchange plunged for a third straight day Wednesday as investors dumped holdings.
Stock futures are indicating a higher open on Wall Street Wednesday, bouncing back from the previous day's losses as the dollar resumes its decline.
Stocks are slightly lower in early trading as concerns about foreign debt problems offset a weaker dollar.
California is considering charging broker-dealer and investment advisory representatives $25 per year to cover the cost of regulating more investment advisory firms, the state's corporations commissioner, Preston DuFauchard, told InvestmentNews today.
The broker attrition at Morgan Stanley Smith Barney LLC is slowing down, according to Charles Johnston, its president and chief operating officer.
I don't mean to sound insensitive or flip, but a few years ago, I came up with an economically and socially beneficial way to address the hunger problem in New York. I call it the PR solution.
Morgan Stanley Smith Barney LLC is entering into the recruiting wars with its guns blazing and is creating a potential pay package for new advisers that will match that of its rival Merrill Lynch & Co Inc.'s Global Wealth Management unit.
In another acknowledgment of the rapid rise of independent investment advisers, Putnam Investments is creating a distribution channel dedicated solely to selling its products to them.
“The opportunities today, from the bottom up, are certainly the best I've seen in my lifetime,” Martin J. Whitman, the founder of New York-based Third Avenue Management LLC, told advisers today.
Regulations proposed last week by the Internal Revenue Service would leave brokerage firms little time to begin reporting cost basis information to customers.
European and U.S. stock markets fell sharply Tuesday after worse than expected German industrial production data and a warning from a leading credit ratings agency that the U.S. government needs to get its public finances in shape soon.
Stock futures are drifting lower as investors pile on more safe-haven assets like the dollar and Treasurys.
The National Association of Insurance Commissioners named its 2010 leaders today, with Jane Cline, West Virginia's insurance commissioner, assuming the presidency.
