Finance

An advisor's initial instinct when notified of a pending examination may be to worry or be nervous. We recommend that you take fear out of this process, though. Once you receive notification of a regulatory examination, stay calm and follow these seven steps.

There’s a gap between the White House and Wall Street’s main regulator over a push to tighten broker rules. To the investment industry, it’s an opening to exploit.

After suffering continuing losses in his prior role as manager of Pimco, Gross now sees his first month of net withdrawals at Janus Global Unconstrained Bond Fund.

Just because the Federal Reserve is about to raise interest rates, don’t expect savers to benefit.

The firm named Prudential's Tidjane Thiam to replace Brady Dougan as chief executive officer as the bank grapples with declining profitability at the securities unit and weakened capital.

French investigators are seeking to detain three former executives for questioning amid allegations the Swiss lender helped clients evade taxes, said a person familiar with the case.

Investor confusion over fiduciary standards won't disappear despite the efforts of the White House and the DOL, argues Jim Allen, head of capital markets policy in the Americas at the CFA Institute.

Banks have to invest in mobile technology in order to keep up with millennials. But bankers also need opportunities to rub shoulders with young customers — and small, conveniently-situated branches give them an opportunity to do so.

New York's attorney general wants a state law allowing him to pay and protect whistle-blowers who provide his office with information about securities fraud, similar to the SEC's program rolled out four years ago.

The firm agreed to pay $2.6 billion to settle probes into its creation and sale of residential mortgage-backed securities.

Banks' business models are even more vulnerable to a massive shakeup than industry behemoths like McDonald’s and Coca-Cola. The industry will be redefined by technological change and shifting consumer preferences, as well as by regulations that limit the sector's adaptability.

Investigators at the Department of Justice are examining whether UBS traders shortchanged investors by overcharging them when they carried out certain currency trades.

Microsoft sold $10.8 billion of debt in its biggest bond sale on record, taking advantage of investor demand for the highest-rated corporate securities.

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, was unchanged from the previous week at 4.12%, for the week ended Feb. 5.

Morgan Stanley said it hired former hedge fund manager Kay Haigh as global head of emerging markets in London, within its foreign exchange and developing markets business.

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New legislation would require retirement brokers to operate within fiduciary duty parameters, leaders say requirement would “throw the retirement system into chaos.”

Fed officials have been calling on banks to strengthen their ethical cultures. The message will carry more weight if regulators are willing to turn the spotlight on their own practices.

Morgan Stanley Chairman and CEO James Gorman's compensation package for last year includes a $4.44 million stock bonus, down 13% from his 2013 award.

City National's sale to RBC bestows new wealth on two men who have served as Hollywood's private bankers since Steven Spielberg filmed "Jaws."