Merrill Lynch & Co., the Bank of America Corp. securities brokerage unit, won a U.S. judge's ruling denying a bid by 17 black financial advisers for group status in their five-year-old discrimination case.
Advisers who were impacted when the Massachusetts Securities Division sent out their confidential info to an industry media outlet are now voicing their furor.
LPL Financial yet again has fallen prey to a technology blunder that placed private client information at risk.
The war of words between Berkshire Hathaway and David Sokol is hotting up. This week, Berkshire Hathaway's audit committee said the company should consider suing Sokol -- once considered the likely successor to Warren Buffett -- for purportedly violating Berkshire's insider trading policy. Sokol's lawyer doesn't see it that way.
Hiring in the asset management business rebounded in 2010 after two sluggish years, but active-domestic-equity managers are on the outs, according to a recent report by executive recruiting firm Russell Reynolds Associates Inc.
Signs are emerging that Wall Street is looking to staff up after a long, painful purge.
But the road to riches is paved with lots of obstacles, experts say
Compensation packages rejiggered, but investment pros still pulling down more money; 'doing better than expected'
Financial advisers seeking to improve their relationships with clients following the recession find themselves battling their own firms, according to a new survey.
Deep job losses from the Great Recession, combined with dried-up job markets, have created a class of “accidental entrepreneurs” — people who start businesses because they have few other options.
Trust Company of America is building a future-oriented interface
The Charles Schwab Corp. made several technology announcements this morning at its annual Impact conference in Boston.
While Bank of America Corp. reported a $7.3 billion loss for the third quarter, the behemoth banking institution's financial advisers saw some improvement in their business in that time.
The wealthiest investors in the U.S. put less of their holdings into structured products than the less affluent, according to a study commissioned by the Securities Industry and Financial Markets Association.
Companies are still hesitating to ramp up hiring, even as more evidence emerges that the economy is slowly improving.
Although it may be one of the less glamorous parts of the JPMorgan Chase & Co. empire, the bank's J.P. Morgan Clearing Corp. subsidiary has done something exciting in the area of technology.
A glitch yesterday at NYSE Euronext's Arca stock market that caused State Street Global Advisors Inc.'s SPDR S&P 500 ETF Ticker:(SPY) to drop 9.6% has some advisers spooked.
The series of scandals following the financial meltdown clearly has left an impression on the investing public
United Negro College Fund to help with summer internship program; minorities vastly underrepresented in financial services
