Finance

A net 236 brokers left the wirehouse in the three months ending in March, the company said in its latest quarterly report.

The former CFTC chair is expected to face intense pressure from progressive Democrats in his new role, many of whom want him to promptly toughen oversight.

Investors are pouring money into U.S. listed products as stocks continue to reach all-time highs and the economic recovery heats up.

The acquisition will add $124 billion of European AUM and give Ameriprise access to the Canadian bank’s ESG strategies. It will also initiate a distribution relationship with the Bank of Montreal’s North American wealth management business.

Clients poured about $1.25 billion into the fund in its first day of trading.

The 20 mutual funds in this ranking outpaced broader markets over the past year with an average gain of more than 68%.

The data aggregator, whose planned merger with Visa was called off in January, intends to use the funds to accelerate its global expansion.

Selective bets on undervalued stocks are paying off as unloved value and cyclical strategies fall into favor.

The funding round will be led by Altimeter Capital, according to people familiar with the matter.

There are lots of reasons to fret about debt — and more reasons not to, writes Matthew A. Winkler.