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Tammy Petersen will be on federal probation for three years and will have to complete 200 hours of community service for embezzling more than $118,000 from Bank of America customer accounts.

State Street said it incorrectly invoiced at least $200 million in asset servicing expenses to clients over a period of 18 years and will compensate customers.

With the decade-long wait for higher U.S interest rates finally ended, investors are piling into the dollar.

BlackRock’s $114 billion alternatives business, which also includes private equity, infrastructure and funds of hedge funds, is among its most lucrative.

The new recruits moved over to the independent side of the wirehouse.

After losing dozens of advisors who managed billions in client assets to UBS, scorned Credit Suisse strikes back with legal challenge.

Many tax extenders are expected to pass in their agreed-upon form in a matter of days.

Only 9% of younger advisors on ownership track have equity stakes in their firms, reveals the Fidelity Benchmarking Study.

Three of the top five winners were in the technology sector. Among the biggest losers through November are companies with commodity products.

Three of the top five winners were in the technology sector. Among the biggest losers through November are companies with commodity products.