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The Nationwide Funds Group is taking two tacks to drive growth of assets: eliminate redemption fees and buying funds, including some from UBS.

Lipper has revised its weekly municipal bond fund flows lower for the week ending Nov. 21 after an error with Goldman Sachs led the company to report higher flows.

Margin pressure, regulatory hurdles and intense competition will test the nation's smallest banks next year, industry experts predict. Those issues could lead to a resurgence of consolidation among community banks.

Investor confidence remained weak in November, with an unchanged Global Investor Index reading of 81.2, according to the State Street Investor Confidence Index released Tuesday.

With gas prices flat, the IRS has announced a 1-cent increase in standard mileage rates for the business use of a vehicle. Thus, that rate will be 56.5 cents per mile for business miles driven in 2013, up from 55.5 cents a miles this year.

The Nationwide Funds Group is taking two tacks to drive growth of assets.

Snowden Capital Advisors has added two advisor teams, the DiCiaccio Group and the LaMothe-Gonzalez Group.

Direxion has merged its websites for Direxion Funds and Direxion Shares to give its advisors and investors a one-stop online shopping destination.

Sure, investors still feel nervous, companies are hesitating to spend cash, and all attention is on fixed income and bond funds.

Loomis, Sayles & Company has added Peter Frick as an emerging markets debt portfolio manager alongside co-managers Edgardo Sternberg and Dave Rolley.