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There were a lot of deals last month involving larger community banks, and prices rose nearly 60% from a year earlier. The results will only feed more of those kinds of transactions.
February 4 -
UBS reported strong earnings for the fourth quarter, boosted by record profits from its wealth management divisions.
February 4 -
Seeing people come up short with the money needed for a retirement home was sad for one administrative assistant. In her new career she helps such people and produces more than $1 million a year doing it.
February 4 -
Commonwealth scores $500M former LPL firm, while LPL takes $270M practice from Commonwealth.
February 4 -
Steven Cohen, who agreed to close down his SAC Capital Advisors as part of a settlement with the U.S. government, will rename the firm and add a layer of management to oversee traders as the hedge fund becomes a family office, said a person familiar with the firm.
February 3 -
- Money Management Executive
Illinois Pension Fix Ends Bleeding Before Bond Sale: Muni Credit
February 3 -
This year, small banks are likely to face more scrutiny in terms of consumer products, anti-money laundering measures and compliance management, industry experts say.
February 3 - Money Management Executive
Among the reasons that bears are wary of the muni market: Detroit's default last summer, Puerto Rico's looming (as of mid-January) downgrade, Illinois' mounting pension obligation and the Federal Reserve's decision to begin tapering its $85 billion monthly bond-buying program. The S&P Municipal Bond Index was down 2.3% for the year that ended on Jan. 7 - ouch.
February 3 - Money Management Executive
The financial industry has accumulated a series of black eyes in recent years, for everything from the role that mortgage-backed securities played in the Great Recession to the scandal over LIBOR, and mutual fund and ETF managers and providers haven't escaped the damage.
February 3
