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Financial services firms continue to battle against one another for wealth management talent even though companies are forced to pay hefty salaries that crimp profits.
June 11 -
Instead of reporting to Ayer, Mass., federal prison on Monday to serve a 20-year term for defrauding $450 million from investors in the failed Bayou hedge fund, Samuel Israel III has either committed suicide or left clues to make authorities believe he has.
June 10 -
NEW YORK Timothy Geithner, president and CEO of the Federal Reserve Bank of New York, called for substantial reforms to the structure of the regulatory system of the U.S.
June 9 -
David Glaser, co-head of investment banking at Bear Stearns, is the latest of several of his former colleagues to join Bank of America.
June 9 -
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Wachovia Corp. says its retail retirement group is drawing assets by having advisers work face to face with customers at every income level to create a retirement plan.
June 6 -
Fidelity Investments is laying off 550 workers, most of them among its 5,700-employee facility in Merrimack, N.H., where mutual fund and human resource customers are served, according to various reports.
June 6 -
On Thursday, San Franciscos Forward Management LLC unveiled its latest plan to acquire Seattles Accessor Capital Management LLC.
June 4 -
Walter Ricciardi, the Security and Exchange Commissions deputy director of the Division of Enforcement, announced he will retire this month to join the law firm of Paul, Weiss, Rifkind, Wharton & Garrison LLP as a partner.
June 3 -
Joseph D. Kringdon has left his position as managing director, Eastern regional director of sales at Putnam Investments to become executive vice president, head of U.S. retail distribution at Pioneer Investments.
June 3