Practice

WASHINGTON — The Financial Crisis Inquiry Commission's first public hearing on Wednesday gave the industry's top leaders an opportunity to express remorse for their role in the collapse of the financial markets but did little to enhance the public's understanding of the meltdown.

Tarp, TLGP Recipients to Pay 15 Bpt Fee

Asset Management Unit will Oversee Investment Advisors

The financial services company may also be increasing its upfront awards in an effort to attract and retain top talent.

In an effort to capitalize on what some have dubbed “the Year of the Roth,” Huntington Bancshares’ wealth management arm is planning a direct-mailing campaign for a targeted group of customers.

Sponsors of 401(k) plans are determined to get their plans back on track in 2010 to avoid future market pitfalls, starting by taking a hard look at investment offerings and fees, Callan Associates found in its 2010 Defined Contribution Trends Survey.

The Federal Deposit Insurance Corp. unveiled its plans Tuesday to tie bank compensation practices to premium assessments, but the agency's outside directors made it clear they oppose the idea.

The Securities and Exchange Commission announced Tuesday that it has filed new charges against Bank of America Corp. for failing to disclose extraordinary financial losses at Merrill Lynch prior to a shareholder vote approving the acquisition of Merrill.

Sponsors of 401(k) plans are determined to get their plans back on track in 2010 to avoid future market pitfalls, starting by taking a hard look at investment offerings and fees, Callan Associates found in its 2010 Defined Contribution Trends Survey.

The advisors allegedly overstated the value of two hedge funds by as much as $160 million.