Portfolio

BB&T Corp.'s mutual fund family has had a dramatic gain in assets over the past year, and the bank's asset management arm is laying the groundwork for more expansion.

As U.S. Trust continues pursuing its mission to expand its leadership position in wealth management and enhance its business with ultra-high-net worth clients, the firm announced on Tuesday that it appointed five senior-level wealth management experts to key markets nationally.

Biggest drop is a 21 BPS reduction on the Market Vectors Vietnam ETF.

Household ownership of municipal bonds catapulted over the $1 trillion mark for the first time ever in the first quarter of 2010. Meanwhile, foreign investors seeking a greater footprint in the municipal market via taxable Build America Bonds held $71.9 billion in their largest-ever presence in the market, according to new Federal Reserve data released yesterday.

Many troubled banks are pleading with investors to sell trust-preferred securities back to them at a discount, warning they may fail otherwise. But a small group of investors are calling the banks' requests a bluff.

Morgan Stanley Smith Barney’s battle with Merrill Lynch is heating up as both firms sweeten their recruitment packages.

This year's stock market volatility has caught some investors off guard, causing them to pull money out of international mutual funds.

WASHINGTON — Senate Banking Committee Chairman Chris Dodd Wednesday endorsed a proposal to force banks to spin off their derivatives desks, saying Sen. Blanche Lincoln's primary win this week had increased odds some form of it would be in the final regulatory reform bill.

New tool aims to give broker-dealers and their advisors clarity over fees.

Aiming to strengthen its specialty public finance business, Minneapolis-based Piper Jaffray & Co. continues to expand its coverage with four new hires and two new offices.