Industry

The tax preparation company agreed to pay as much as $20.2 million to customers that bought its Express IRAs.

A number of executives at Saturna Capital donated their holiday bonuses to charities, the second year in a row they did so.

Third Avenue Management announced Monday that Martin Whitman, one of the company’s co-founder, has stepped down from his role as co-CIO.

Anastasia Kelly, vice chairman for Legal, Human Resources, Corporate Affairs, and Corporate Communications, and Suzanne Folsom, chief compliance and regulatory officer, have both left the company.

William Dudley wasn't the first regulator to endorse the idea of allowing banks to convert debt into equity if they need capital in a pinch, but the president of the Federal Reserve Bank of New York has gone further than any other policymaker in making the case that "contingent capital" is key to averting another banking crisis.

A small RIA hopes a personalized service for retirement plans will attract more clients.

ING Financial Taps Ford As Chief Executive Officer

Carnegie Investment Bank AB, a Stockholm-based independent financial institution, has decided to let go of its asset management business and transfer ownership to investment companies Altor Equity Partners and Bure.

A former Merrill Lynch southeast regional managing director has been tapped to run JHS Capital Advisors, the brokerage arm of the firm founded by former GunnAllen chairman John Sykes.

Morgan Stanley has promoted Edward Keller to head of its U.S. prime brokerage business, according to an internal memo obtained by Investment Dealer's Digest.