Practice

A fight is brewing over which agency should replace the soon-to-be-eliminated Office of Thrift Supervision on the board of the Federal Deposit Insurance Corp. While the House regulatory reform bill would give that seat to the Federal Reserve Board, the Senate's version would assign it to the proposed consumer protection bureau.

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Four Canadians and two Americans were charged with swindling $300 million from investors who believed they were putting money into a gold mining operation.

The $5 billion earmarked by Congress for early retirees is supposed to be available through 2014.

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.

The regulatory reform conference committee officially kicked off Thursday, and while the final fate of key provisions remains up in the air, it is clear senators have several advantages over their House counterparts.

According to a survey by TD Ameritrade Institutional, 68% of independent advisors increased their roster of clients over the last six months, up 13% from the previous quarter.

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.

Senate Banking Committee Chairman Chris Dodd on 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.

It is no secret that the financial services world is in the midst of an arms race to service Baby Boomers as they enter the next phase of their investing lives.