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A three hour pause in trading is “not going to be that big of a deal” for investors, Stifel’s chairman and CEO Ron Kruszewski says.

Independent wealth management firm Banyan Partners is nearly doubling its assets under management to $4 billion by acquiring two firms simultaneously.

Edward Gjertsen II, vice president of Mack Investment Securities in Glenview, Ill,. has been named FPA president-elect by the organizations’ board of directors. Gjertsen’s one-year term as president-elect begins on January 1, 2014.

Bloomberg -- It’s a mistake for investors to be focusing on fixed income, according to Joseph L. Hooley, chief executive officer of Boston-based State Street Corp.

Further excitement in the saga of Detroit’s bankruptcy: Public-sector unions are challenging the city’s estimates of its pension underfunding.

Independent wealth management firm Banyan Partners is nearly doubling its assets under management to $4 billion by acquiring two firms simultaneously.

Clients may be holding back simply because they don’t want to hear your answer¬—how are you supposed to deal with that?

It’s a mistake for investors to be focusing on fixed income, according to Joseph L. Hooley, chief executive officer of Boston-based State Street Corp.

Federal Reserve policy makers were briefed last month on the potential for establishing an additional tool to aid them when they eventually seek to lift interest rates and tighten monetary policy.

The estate is arguing that a tax bill calculated by the IRS overvalued assets including real estate, a Bentley automobile and the late singer’s “image and likeness.”