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The financial services reform bill in Congress calls for 68 in-depth studies into financial services products and practices, including: performance data in mutual fund advertisements, short selling and stronger insurance regulation, which could impact annuities and other retirement income products.
July 12 -
The operational strength of a hedge fund is now just as important to institutional investors as the pedigree and track record of its manager. And fund managers are taking notice
July 12 -
Financial services companies have added some 2,000 jobs since layoffs peaked in February of this year, The New York Times reports. And while it may seem as if Wall Street jobs took the biggest hit in the recession, the industry has actually been pretty resilient. Since June 2008, jobs in financial services have dropped by 8.5%. By comparison, construction jobs decreased by 22%, and manufacturing employment fell 14%.
July 12 -
Bank of America Corp. hired two veterans from Fidelity Investments to help continue the expansion of its retirement services operation.
July 8 - Money Management Executive
A loss of confidence among wealthy clients and a lack of efficiency in banking business models has hit the global wealth management industry. The good news is that there is $10 trillion in high-net-worth bankable assets that haven’t been tapped, according to Scorpio Partnership’s 2010 Global Private Banking study, released Thursday.
July 8 -
Fieldpoint Private Bank and Trust announced Wednesday that it hired Robert S. Matthews as its president and chief executive.
July 8 -
It might seem strange to bring up reverse mortgages in a space dedicated to the lives of Baby Boomers.
July 8 -
Canadian fund managers will now be limited in the range of services they can pay for with commissions from clients for brokering transactions, based on newly adopted legislation.
July 8 -
The Securities and Exchange Commission said on Wednesday that it will hold an open meeting on July 14 to consider whether to issue a concept release on proxy reform.
July 8 - Money Management Executive
SourceMedia Inc. and MyPRGenie Inc. have formed a partnership in which MyPRGenie will distribute its clients' press releases to SourceMedia's combined online audience of more than 1 million business-to-business decision-makers.
July 8